Fetch Phoenix
1 Property, 3 doors - should we set up a Real Estate LLC?
19 November 2024 | 9 replies
If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).
David Ounanian
What are common landlord expenses, and who covers them? Landlord or tenant?
16 November 2024 | 3 replies
Covering most of the routine maintenance items here.
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
Focus on the simple basic transactions like a dentist does with routine teeth cleaning.For all agents out there, I'm not saying there isn't a need for high end service because top agents will always be need and wanted by their clients for no other reasons than perhaps the security that comes from the feeling of paying top prices for top service.
Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
That's actually a comedy routine to an experience investor.
Karen Seguin
Letter to current tenants
11 November 2024 | 5 replies
While you can't create limitations against their lease and legal rights they have for quiet enjoyment, things like keeping common areas free of clutter or routine maintenance items that are tenant responsibility can often be added to help keep the expectations on both parties clear.
Troy F.
Can you add cleaning to a lease?
12 November 2024 | 8 replies
This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
Spoiler alert: These are a routine occurrence with emotional 18-22 year olds.Thats no Joke...
Ivan Smith
Eviction advice needed in Phoenix, AZ
7 November 2024 | 15 replies
As for the way that they are living, you should be doing routine inspections and then hold them accountable.
Jamie Parker
Reinvesting in the business (How to structure paying self)
15 November 2024 | 17 replies
Not 2-hour morning routines or more education/inspiration/motivation/etc.
Julio Gonzalez
When to Capitalize vs Expense
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.