
13 October 2024 | 5 replies
This way you know you are in good hands and that it will take minimal involvement from your end on all aspects of your investment.

14 October 2024 | 24 replies
Google "IRS tax rates" for your filing status.

11 October 2024 | 21 replies
The owner filed for eviction it was thrown out without prejudice because they didn't give enough time before filing.

9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

11 October 2024 | 13 replies
While a software might not be necessary at this stage with your rentals, you should probably at least upload all your files (leases, invoices, etc.) to Google Drive at a minimum.

13 October 2024 | 11 replies
Normal unfurnished long term property management is normally 8-12% but MTR is a lot more involved than that.

14 October 2024 | 6 replies
But guess what, being an investor involves risk.
10 October 2024 | 0 replies
The day-to-day job of a landlord involves being on call 24/7, finding emergency contractors, collecting rent, screening potential tenants, and resolving disputes.For some investors, selling a rental property makes the most financial sense to get their life back to normal.11.

12 October 2024 | 6 replies
If you do not, and she stays but fails to pay rent, you have to proceed with giving proper notice to pay, failure of which entitles you to file an eviction.
15 October 2024 | 69 replies
Unless you have developed software or paid someone to do it people often do not understand the cost involved.