
23 September 2024 | 9 replies
But then, my actual cabin was listed as a comp with 79% occupancy, which is very accurate, albeit the nightly rate was about 15% too high.Like most of these services, they don't do a good job distinguishing between owner stays and guest stays, my property included

22 September 2024 | 12 replies
Quote from @Sara Emmanuelle Dube: The fact that you are asking questions tells me your PM isn't doing their job.

23 September 2024 | 6 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

25 September 2024 | 11 replies
Also, think about the likelihood this situation comes up again and the cost it is to you, especially if the manager is doing a great job everywhere else.

22 September 2024 | 7 replies
He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

23 September 2024 | 7 replies
I think the combination of fed cuts, insurance carriers slowly coming back, population/job growth being steady, future new supply dropping off, and a few other things bode well for rental properties in the coming years.

22 September 2024 | 2 replies
So, it’s important to do your research—check the developer’s reputation, consider proximity to jobs and schools, and look into any tax incentives.

23 September 2024 | 4 replies
(I called the bank, and even though I have a great job and can pay for the current mortgage very well, they require that I refinance to remove him).

21 September 2024 | 0 replies
We always tested people out on small projects first such as doing a gut of a bathroom, 2 day repair jobs, etc.

23 September 2024 | 15 replies
Do you have experience in construction and know contractors to run jobs?