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28 December 2021 | 8 replies
That's where I buy appliances and furniture.
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25 December 2021 | 3 replies
So you wouldn't be able to deduct the entire 10k the first year anyway (unless it's just the land improvements or appliances, furniture). 2) The depreciation you would take on your 10k rehab and the depreciable building that might create a loss.
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19 December 2021 | 0 replies
New metal roof, kitchen remodel, new appliances, adding a W/D, re-framing upstairs, adding a 4th bedroom, new paint, added a deck, new fence, etc.
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28 December 2021 | 4 replies
You would put those appliances/furniture in service once your rental is ready to be rented.
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29 December 2021 | 2 replies
Widened driveway to support multiple cars, completely renovated the kitchen with new cabinets and appliances, completely renovated the upstairs bathroom with new everything, refinished all floors, replaced all windows by framing down custom window spaces to fit standard windows, upgraded the electrical box and buried the service, painted the exterior, finished the basement to add another bedroom, full bathroom, and living space.
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23 December 2021 | 8 replies
The balance is completed by our vendors but the balance ends up being larger jobs or specialty jobs such as roof replacement, appliance delivery, sewer replacement, etc...We have alot of C&D or lower income which is 3.3 to 1 work order ratio.For us, we have always struggled to get quality new techs so we have focused on keeping the good ones we have happy, removing lack luster ones, and always trying to pay a little above market.
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3 January 2022 | 12 replies
Then Your renovation gets listed separately as 1 or more line items....For example: If the entire renovation is 27.5 year items= 1 item at 27.5 years If your accountant can break out parts of that renovation for exmaple....appliances (5 yr), land improvements (15 yr) and structural components (27.5 yr) then you'd have 3 more line items.
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22 December 2021 | 1 reply
We repaired walls, painted the inside of the house, replaced appliances, moved HVAC to attic which allowed space to add laundry room.
29 December 2021 | 15 replies
I am considering one of two options:--Option 1: Adding a 2nd washer/dryer to the primary residence, for tenants’ own personal use; according to the bid I received, this will cost ~$5,500 not including appliances.
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23 December 2021 | 1 reply
🚧When thinking of renovations, the contractor's price per unit will be lower the higher the number of units, and the same for suppliers of renovation materials – flooring, appliances, doors, siding, paint, etc...For instance, we order in bulk for all of our renovations and keep inventory and for doing so we get large discounts.