Henry Clark
Self Storage- Just Built, To Sell or Not
16 January 2025 | 6 replies
He built the office into a home also.
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
One of my good subs has 25 employees , There is a girl in his office that makes a bit over minimum wage .
Joelle Chilazi
Greetings from Realtor in Jersey City which has the 2nd highest rents in the US
13 January 2025 | 27 replies
Best to call city hall for the town you are buying in to see what if any rent control rules are in place. see link below if you require additional information and call the Jersey City Landlord Tenant relations office. https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...Jersey City CPI chart on recommended rent increases: https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server...The state with the highest eviction rate in the country right now is South Carolina.
Ananth Subramanian
Post eviction: Collecting Judgment amount
16 January 2025 | 8 replies
Hi @Dan Baldini, the attorney' office with whom I pursued the case collect fee for each email or phone call.
Divya Sosa
Tenant lied on rental application regarding criminal history
6 January 2025 | 13 replies
Starting from 2016 she has several things like giving false information to law enforcement officers, Shop lifting, battery and more giving false identity to law enforcement officers and then the felony for identity theft.
Drew Sygit
A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
DIY A first-time DIYer can expect to spend several hours replacing a kitchen faucet.The time it takes depends on your experience and the faucet's complexity.You'll need tools like wrenches, a putty knife, and a small bucket.You'll also need materials like supply lines, silicone caulk, and plumbers tape.You may be tempted to be cheap and estimate only 30 minutes, but you should estimate an hour to be safe.What about the time to go to the property to figure out if a 2-hole or 3-hole faucet is needed, then drive to Home Depot to get it, drive back to install and then head either to the next job or back to the office?
Darrius Lloyd
Multi Family House Hacking
8 January 2025 | 2 replies
I am reading a bunch of real estate investing books , talking to realtors & loan officers, and trying to educate myself best I can.I'm also looking to expand my network within the real estate investing community, and I believe this is a great opportunity to connect.
Sam Robbins
Advice for rental in HPR
8 January 2025 | 6 replies
It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….
Kimberlie P.
I Just opened my own STR Property Management Company!
31 January 2025 | 14 replies
This allowed me to stay in the office to work on the business and virtual side of things.Good luck!