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15 February 2021 | 2 replies
.- Gross Personal Use Area (Master Bedroom, Master Bathroom, Master Closet): 685 sq. ft.Based on the numbers above, what percentage for deductions should I be using on items bought for the common areas that everyone uses (sofa, refrigerator, washer and dryer, etc.)?
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5 January 2023 | 8 replies
There is still is stuff like clogged toilets, random leaks, etc. that happen even outside of long term cap/ex items.
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6 January 2023 | 4 replies
It's pricey depending on how many units you own.Wondering if the access to all the forms and notices are worth the money as a lot of these items can be found with a casual google search these days anyways
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23 June 2020 | 16 replies
The summation of these items can be deducted from your stabilized value estimate to give you an idea of what the "as is" value is with some vacancy.
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8 January 2023 | 3 replies
I got my list of items that the property manager recommends repairing today.
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27 December 2022 | 3 replies
Items missed: ADU cannot be STR in most jurisdictions, no vacancy, no cap expense, no management fee (include it even if self managed because it is work), 3% maintenance ($420) may be a little light for 3 units in San Fran labor rates, my pro forma is currently showing 0% appreciation in the short term due to recent rate increase.
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2 November 2022 | 18 replies
This way, you can rent and see what kinda pricing / rents you get during summer and then go about revamping the remaining items / flooring etc and other rooms in fall - slow season.All the best!
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8 January 2023 | 4 replies
I very politely questioned a few items on it, which made him upset.
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2 November 2022 | 8 replies
I would group it in one and just itemize the expenses in QB and continue with your operating, savings, escrow accounts for LM and SD deposits.
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5 June 2020 | 7 replies
These "come with the package" and are part of the deal; I do not get directly compensated for that time investment.However, when you are repairing something that a tenant broke due to abuse, or cleaning their vacant unit because they did not clean it as stipulated in our signed contract, That does not make any sense.From a tax standpoint, that revenue I receive by doing it myself (and charging the tenant for my time) is taxable revenue, so I don't see where it is "double dipping" (which is what I think the courts sometimes claim).I have so fat avoided this issue by having the tenants sign a "move out charge sheet" that itemizes estimates on damages/repairs made (I apologize for the formatting issues).