Those expenditures must be depreciated on the appropriate schedule.  

Hey all,I have a good sized portfolio, approx 300 units. I have W2 staff managing and maintaining the units.We have recently run into an issue where our P&L looks a bit rougher than it should. One main reason for ...

Central / East Coast of Florida have some options for a little bit of cash flow, heavy appreciation, low vacancy and brand new properties which keep your capital expenditures down for quite a while!

.), the net income produced could be quite a bit less than the expenditures needed to support the added residents.To stop this: find a way to get on the planning commission or zoning board, so you can vote this down.

The expenses table has all expected expenses listed with Vacancies, Capital Expenditures, Maint.

as it started as a simple Rental Turnover job, then morphed after the real damage began to reveal itself, then I bought my siblings out and took out the loan, and the repairs mounted and culminated in a new kitchen, flooring, lighting, appliances (the old were un-rentable/repairable) is it possible for me to treat some of the expenditures as repairs, maintenance, and 5 - 7 and 15 year depreciation on certain items, and just add the 27.5 year items to the cost basis.

So long as the tax activity is the same or nearly the same, in this case real estate operator I believe, it does not matter how many functions are performed.You'll need to maintain the business organization, record of meetings and notices, board meetings and minutes, authorizations for significant expenditures depending on the Articles, and authorizations for the purchase and sale of each property.

Forgot we can depreciate capitol expenditures over time.

The court noted that, "[a]s specific performance is an equitable remedy, the purchasers should be prepared to show that it will not be unjust or oppressive on the seller to have the contract enforced," and found that the standard was not met because "the purchasers have failed to show that a decree of specific performance would not require the seller to make extraordinary efforts or expenditures to close on the sales contract."

:beer: When the weather drops, a cornfield is a deer magnet as they rush there to get the high calorie food.