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3 September 2024 | 2 replies
The tenant is having trouble with unauthorized day and overnight parking, as well as homelessness, drugs, etc.
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4 September 2024 | 28 replies
So I been to prison and used to run the drug scene.
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3 September 2024 | 51 replies
If not in the city, and not in the ETJ, then it's a lot easier, provided you can get water (probably need to drill water wells so thats a separate ground water district) and sanitation (some sort of onsite sewage treatment).
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2 September 2024 | 17 replies
Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.
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1 September 2024 | 9 replies
I am probably going to try renting my unused basement for STR in any event due to incremental cash flow (STR loophole or not due) but wanted to check on the right accounting treatment. https://podcasts.apple.com/us/podcast/tax-smart-real-estate-...
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30 August 2024 | 12 replies
Was a drug addict but allegedly clean for 5 years.
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29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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27 August 2024 | 10 replies
Passive income is generally more desired from an investor's point of view because they get a lower tax treatment than active income.
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28 August 2024 | 7 replies
It's nice that it's a block from the new stadium but that area is still high crime and lots of drug use around it.