Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

She is just going to keep going and lying and coming up with excuses why she didn't cause the damage, such as mold is Landlord responsibility or soaked ceiling boards are normal wear and tear.  

If you build (via managing a general contractor), you should (ideally) know more about how the property was built than if you bought an existing home--you know what's behind the walls, and ideally you might avoid anything wrong with buying an existing home with issues you and your inspector didn't catch.I understand there's risk to building--it just seems right now that the risk is lower than buying an existing house--a house where you simply cannot know every detail without tearing it down to the studs and doing a complete remodel.

You don't tear off the old roof except to get at the sheeting where necessary.

Generally speaking, the responsibility for repairs like this depends on the lease terms and local landlord-tenant laws.If it was a malfunction with the lock (wear and tear), it could be considered the landlord's responsibility to cover the cost, since maintaining the unit in a habitable condition is part of our duty.

Any small damages by the tenant he will make the owner pay for it and claim it’s normal wear and tear when it’s clearly the tenants fault.

Still making mistakes and learning.Sometimes you have to tear the roof off the old structure and build new. 

There is less wear and tear on the machine when the fan speeds are able to be modulated.

I invest in the Maryland area ( Not Baltimore )  and there is no such thing as a house let alone a duplex for less than $200K and thats cheap and usually a total gut or even a tear down . 

Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.