14 April 2020 | 17 replies
However, don't compound this loss by delaying the restoration of the unit and getting new tenants in.
26 May 2020 | 4 replies
I gave work to Water damage restoration company, which was working on it and had left their fans and dehumidifier running for arnd a week in bathroom and also in downstairs room.
11 June 2020 | 11 replies
If the Tenant does not return the home in the same condition it was received, minus ordinary wear-and-tear, the Landlord is authorized to use the security deposit to restore the rental to its original condition.
10 January 2021 | 26 replies
I would get an estimate to restore the garage floor and charge them for the whole amount.
1 October 2024 | 15 replies
This is because the purpose of insurance is to restore the property to its pre-damaged condition.
9 September 2024 | 19 replies
However there are many questions to determine if the roof work is a capitalized betterment or a restoration.
10 October 2024 | 9 replies
For the bathroom renovation, if it is simply restored as repairing the bathroom, expense the $11,000 as a repair for 2023 (this will affect your DTI).
21 October 2024 | 8 replies
It’s a beautiful wooden cabin-style property that I’d love to restore.
5 September 2024 | 7 replies
These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.
11 September 2024 | 18 replies
Since the fence was damaged and replaced due to a storm, it’s restoring the property rather than improving it.