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3 July 2015 | 1 reply
Find a contractor who can do the wood replacement and get a couple of quotes if you need chemical treatment or tenting of the property.
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19 February 2016 | 5 replies
It might be irrelevant anyway, since your LLC is most likely going to have the same tax treatment as an S Corp anyway....Ask a CPA.
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10 April 2013 | 5 replies
The second is the treatment of expenses while it wasn't occupied at all; you state that it was "ready to rent" but then made some repairs and maintenance - those repairs and maintenance would definitely be expenses when occupied by a tenant, but might have to be added to the basis (if the IRS doesn't agree with your interpretation of "ready to rent").
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6 July 2020 | 4 replies
Trees, shrubs and plants can add visual appeal and even provide shade which makes the property more valuable.
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18 March 2022 | 0 replies
Physically mailing these letters that include visual imagery can resonate better than being lost in email inboxes.Having a folder of saved templates for common forms such as leases, renewals, rent increases, inherited tenants, move in/move out reports, lead paint disclosures, etc. help expedite preparing these as they are usually the same few forms that are continually repeated.Protest property taxes yearly.
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2 August 2017 | 7 replies
My philosophy is that repeat clients should get special treatment on the listing side.Feel free to reach out to me and I'd be happy to elaborate.
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12 August 2018 | 5 replies
I thought I would be "kind" and let him stay until his treatment was over in 6 to 9 months.
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14 April 2021 | 14 replies
You can read more about my experience here: https://www.biggerpockets.com/forums/850/topics/759279-building-adu-in-san-jose-california3D visualization of my ADU: https://my.matterport.com/mode...On Dec. 17, 2019, the San Jose City Council approved easing ADU requirements to align with new state laws.
4 September 2021 | 9 replies
Hi everyone, wanted to share with you a great way to tap into the equity built from your ADU.The problem today: most appraisers used by traditional lenders would give ADU square footage a second-class treatment than the main house (as some of your mentioned above) since there aren't that many comps and they're trying to be conservative.However, you can consider taking out a HELOC/doing cash-out refi through Figure.com (HELOC up to $250k, Cash-out refi up to $1M).
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15 January 2024 | 103 replies
I will be a happy man if you negotiate this down :) Finally I have $100 per month (average) in expenses for monthly salt water treatment of the well and pumping out septic every 3 years.