Strive for constant improvement, adapt to market changes, and continuously learn and develop your skills.

@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

Hi everyone,I’m looking for some guidance on improving the performance of our short-term rental, and I’d really appreciate your insights.

We also do a property orientation and show them how to operate the house, change filters and batteries, turn off water main - and of course the mystery of GFCI outlets

By reimagining layouts, we improve functionality while enhancing the overall aesthetic.

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

If the fence is shared and in bad shape, framing it as a mutual improvement could help.

.- Unrecaptured falls under section 1250 and is treated as ordinary gains and capped at 25%- My capital gain from appreciation and improvements under section 1231 was treated as a long term capital gain since I owned both assets over a year.Hope this helps.

You may borrow an additional $35000 for hard cost improvements.

Despite only renting for two months, this tenant's aggressive behavior is creating a hostile living environment for other residents.Specific Issues:He complains about our lack of notice when entering the property during our own move, despite prior notification.He has moved items around the house without permission.His communication has been condescending and confrontational.He installed a surveillance camera in a common area, violating the lease agreement.He banged on the door because he couldn't use the smartlock code properly.Considered Actions:We plan to serve him with a notice to vacate.We are considering having a constable with us when we serve him the notice.Questions:Should we just give him warnings considering that his actions may not improve?