For month to month we require a 45 days notice to vacateWe are often contact by perspective tenants looking for specific time frame several months in advance but we typically do not know if the current occupant will be vacating or renewing. 

@Rochelle GerberHere are some of the downsides of putting real estate into an IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds, and you must pay others to do repairs and manage the property.

So why this specific triplex? 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I'll see if I can track down a suitable NoD template that I can work with for those very specific instances.Thanks again,Steve

If you have specific questions about property management, I'll be happy to help!

.- Once it looks like you are going to clear $50k for the year - after everything is deducted!

But before we go through to put together something more specific on the property so he can see all the numbers.

Specifically, am I able to depreciate the square footage I couldn't claim depreciation on from 2023 for the 2024 tax year, given that I couldn’t claim depreciation for that period?

I do not seek these people out to talk about this specifically, but bring it up in casual conversation.