However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses. 

I've officially owned this rental property for over a year now.

Curious if we have to officially wait till trump is president or if some banks have already started the process.

However, if for example, the company did not install or disconnect the washer and dryer correctly (such as leaving a valve on) while water is turned off prematurely, causing damage, what language do you put in the Lease to also hold other parties accountable such as ALE and appliance install company?   

If any of your properties are discovered by City officials to be unregistered, you can receive an administrative citation for failure to register; this penalty can cost $100 or more per property.

If your property is ready for occupancy in December, should you officially place it in service now or wait until 2025?

My wife and I are officially under contract with a new primary residence, with the goal of moving and then turning our current home into a rental.

Curious if we have to officially wait till trump is president or if some banks have already started.

Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.

As rent is officially late today can I just serve a pay or quit notice asap?