KBKG also offers FREE audit support and FREE use of their 481(a) depreciation software which produces the attachment schedules that are needed to file the IRS Form 3115.

The SALT limitation only applies to personal property (and/or individual income tax) as it's limited to Schedule A.

I use IGMS. it does cleaning scheduling, calendar management, syncs with wheelhouse and pricelabs, and can also do direct bookings. 

How the new property gets depreciated after a 1031 depends on whether you elected to keep your old schedule after your Exchange. 

Does anyone know of any Multifamily Seminars or conferences scheduled in the near future for the Wash,DC or Richmond areas?

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

This morning I hauled 3 truck loads of trash out of a recent vacancy because no one else could do it on short notice and the cleaners were scheduled for this afternoon.

I’m not a lawyer, no legal advice, but if a tenant complained of mold, I’d schedule a mold inspection, giving proper notice to tenant for entry, and if the results show it, get estimates for remediation.

It's a good practice to reconcile your book balance with the amortization schedule balance periodically to make sure they're in sync. 

Besides, if you look closely at an amortization schedule, you'll see there is very little paydown, and mostly interest, that makes up about the first 70% of the payments.