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30 December 2024 | 13 replies
Also, what others have said, the personal touches on what is in your place (e.g. providing all the essentials instead of having people buy TP, coffee, shampoo, etc.) and the quality of those items (no tattered towels, stained sheets, etc.).
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4 January 2025 | 4 replies
I would try to buy properties starting at a specific date so not large ticket items come up.
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10 January 2025 | 16 replies
Basically almost all the items you mentioned when traveling can be written off to a certain extent.
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7 February 2025 | 41 replies
All 3 of those big ticket items that you're looking for can be found in the Memphis , TN market.
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2 January 2025 | 2 replies
So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.
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13 January 2025 | 45 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
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9 January 2025 | 32 replies
When an owner replaces or retires certain items (e.g., lighting, HVAC, or carpeting), they can claim a deduction for the remaining undepreciated value of those items.
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11 January 2025 | 12 replies
Your renters will destroy these items and want you to replace them.
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8 January 2025 | 4 replies
It’s ran like a business, not a personal investment.Given the heavy workload I have being the CEO/founder of the wealth management company, my wife has set up a well oiled machine on the property management side, due to her perfectionist drive however, it still means that she's constantly dealing with tenants and toilets and replying to items at all hours of the day and night.
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6 January 2025 | 5 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.