
23 November 2024 | 5 replies
An arborist would be who I would ask, this is a tough guess for anyone not there to confirm these can be moved with no issues.

25 November 2024 | 11 replies
Hi all,I can use software to conduct 95% of all property / tenant / cleaning tasks, except... for showing the property to interested tenants.I don't know that this would be an issue, as I'll be doing MTRs and most folks may be out of town anyway.But does anyone here have ideas or suggestions for how I should think about this?
18 November 2024 | 1 reply
I have been Cited and Fined by the Cleveland Municipal Housing Court. An Ordinance passed by the Cleveland City Council violated the Ohio State Constitution and bill of rights. Would love to have conversations with ...

17 November 2024 | 7 replies
A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?

19 November 2024 | 6 replies
Choose a scaling strategy and identify long-term goals for success.Good luck!

21 November 2024 | 6 replies
For example, when I take on a rehab I typically deposit the budget into a separate checking account solely for that rehab and pay all the rehab expenses from there making it easy to identify in my bookkeeping.

23 November 2024 | 20 replies
was it a battery issue?

28 November 2024 | 9 replies
Running numbers on a spreadsheet and in a BP calculator every day for ten properties when you have never seen one in real life or smelled mold or been to a hoarder's house or seen a structural issue is just procrastinating.

22 November 2024 | 5 replies
He just wants to sell the house and use to $ to help his father with health issues, so he's willing to sell for under market value.

19 November 2024 | 0 replies
To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.