Yes I already figured on having to pay gas and water already making 2 units electric heat.

With active inventory surging by 14.2% and the months supply of inventory climbing by 22.9%, it's a reminder that the flow of supply and demand dictate the rhythm of the market.Miami Townhomes & Condos: Meets Coastal CoolNow, let's venture into the heart of Miami's urban landscape, where townhomes & condos embody the city's pulsating energy.

If you install it anywhere near your electrical panel it shouldn’t cost you more than $200-$400. 

Drywall, and electrical work will probably require a permit. 

-We are dealing with a mysterious leak at the midterm rental that is tying up a lot of our time, energy, and money.

Turns out I offered to do electrical and plumbing inspections on an agreed upon punch list. 

We also had to have the plumbing and electrical more or less 're-certified' by licensed electricians and plumbers - which some of which wasn't done to code either.

This little cabin was going to cost as much for the sub work (HVAC, plumbing, electric, etc) as our big cabin.Be thankful you got a new build when you did (we are!)  

We pay a managing company to do everything, but it’s still more work compared to long term rentals like paying monthly electric, water and utility bills etc.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?