Brad Neihardt
Deprecation question for BRRR
16 October 2024 | 7 replies
ARV is irrelevant for taxes.Then you subtract land value and depreciate the rest. Or
Vinay Sanapala
Ready to Dive into Section 8
16 October 2024 | 13 replies
At the end of one year, the cost to restore the property to livable condition was over $15,000.
Joe Connelly
Evicting Tenant for Running Illegal business in SFH - massage parlor...
1 October 2024 | 2 replies
Tenant was using this as an illegal massage parlor.
Mackensie Matze
Should I just pay off a renter and call it a stupid tax?
10 October 2024 | 7 replies
If she does file against you, file a counterclaim for the REAL cost of the damage and FULL replacement and restoration.
William C.
Cost seg study, but also had major repairs. Best way to handle for taxes?
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).
Mark M.
Ratio Utility Billing System (RUBS)
13 October 2024 | 54 replies
You just have to get the old tenants on board....and massage the message, so you don't lose your good tenants.
Maria Diaz
contractor best practices
11 October 2024 | 17 replies
I also have ownership in a general contracting company in Wisconsin that does single family restoration where a $50k flip job can be done in a few weeks.
Heather Cunningham
Hurricane and incoming guests
7 October 2024 | 7 replies
Most of our units are currently full of locals who had Helene damage or they are in town to do restoration work so they know the deal.
Account Closed
PEP fund with Lane Kawaoka
15 October 2024 | 69 replies
Also syndicators massaging debt to make deals pencil to entice LP investment and are now struggling with existing deals blowing up.
Mary Enciso
Leasing my 8-bedroom house to assisted living company
3 October 2024 | 3 replies
Under MD law they would be responsible for the costs of those improvements and would be responsible for restoring it to the original condition at the end of their lease.