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11 October 2018 | 14 replies
I think the cost of attendance ensures that the group will be serious folks in the industry.
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30 November 2017 | 6 replies
Reviews go a long way.If this is a rental, are you going to charge a monthly access fee for the solar in addition to rent, and let them handle the utility bill, or are you going to cover all utilities?
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30 November 2017 | 14 replies
The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by invoice.Note: The cost for the Unit of Property includes additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.
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21 November 2017 | 0 replies
One major (like fortune 500 major) business in the area but otherwise all other industry feeds off that business.
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28 November 2017 | 10 replies
Tenant agrees to allow landlord use of the utilities on the premises, even if paid for by Tenant, for maintenance, repair and improvements.We had a tenant complain about us using "his water" when we used an outdoor water spigot while power washing the outside of the house he was renting.
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22 November 2017 | 4 replies
The thing that worries me the most is that they don't want to turn on the utilities.
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23 November 2017 | 7 replies
I also work in the stone and tile industry as well.
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21 November 2017 | 5 replies
Lease says tenant pays 1/3 of the utility bill.
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21 November 2017 | 4 replies
Nick,It always good to ask for 2 years tax returns as well as copies of last couple months utility bills.
22 November 2017 | 0 replies
Other unit is where I see the value add for possible BRRR.Both units currently rented for $1,350 per month ($2,700 total revenue per month)For evaluation sake, I calculated that I had to pay full asking price, $3,000 annual taxes, and $2,000 annual insurance.Self manage the property, 8% vacancy, $100/month maintenance expenses, $100/month Cap ex, and $100 utilities.$64k down, and another $15k rehab to bring the 2nd unit in line with the 1st.I come up with cash on cash return of around 9.3%.