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12 September 2024 | 58 replies
Ok so I just bought an extended stay motel in Michigan......and I live in Utah.How it happened: I was under contract on a single level 9 plex in a small industrial town in Michigan, I flew out for the inspection and we found mold all throughout the roof and the crawlspace.
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16 September 2024 | 43 replies
I also look widely for HELOCs for my own rental portfolio and am not seeing danger signs there, either, defined by me as lenders cutting off lines or no longer extending lines.
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11 September 2024 | 2 replies
I was told you could contact the hotel directly to see if they could extend on either end and keep you in the same room.
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11 September 2024 | 20 replies
Operators that are open and able to offer combined usages for slower seasons, such as mid term discounted extended stay rates in the winter, can improve lower estimated production in the off-seasons.
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11 September 2024 | 18 replies
The IRS considers fence replacements as improvements that extend the life or value of the property, even if it’s replacing an old, damaged fence.The depreciation period for a fence on a rental property is 15 years under the Modified Accelerated Cost Recovery System (MACRS).
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11 September 2024 | 10 replies
A really filthy appliance or bathroom can extend the time it takes to clean considerably.
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10 September 2024 | 12 replies
Do you have extended stay and roommate (or additional tenant) provisions in the lease?
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10 September 2024 | 11 replies
That might sound strange, but vacancies can easily extend for many weeks during the holiday season.
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11 September 2024 | 10 replies
Unlike a lot of BP publications, it's really more of an extended pamphlet with some good pieces of information, but if it is "the book", it's only because it's the "only book".The chapters are approachable and reader-friendly, but you won't find any nuggets of golden information within the pages if you already listened to the authors' appearance on the BP podcast.
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10 September 2024 | 8 replies
We solved the problem by extending the closing date and got an installment plan for our tax bill.