
1 June 2024 | 2 replies
The partner needs to pay the money she used for personal use and based on the math, if she leaves the partnership, she brings in less.

31 May 2024 | 10 replies
We completely overhauled our operations a year ago because as we grew in size, we found we were not consistently and uniformly delivering the personal experience we desired.

29 May 2024 | 64 replies
Don't take people's rude behavior personal.

30 May 2024 | 9 replies
These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.

30 May 2024 | 33 replies
The cost to evict, in terms of lost rent, vacancy, turnover costs, plus the work involved to secure a new tenant who ON AVERAGE will be WORSE than the one you would be evicting sounds counter-productive.

31 May 2024 | 12 replies
All our meetups that I personally attend.

31 May 2024 | 4 replies
Don't know where your rental property is, but in Florida, we have a statute that deals with death of last remaining tenant and the procedures to follow to allow the landlord to take possession of the property and dispose of the tenants personal property.

29 May 2024 | 7 replies
House hacking will also give you some personal "property management" experience.

30 May 2024 | 25 replies
I know that there is a plethora of forms on the internet and folks pass them around like candy, but truth is, the property management business involves a lot of legal issues and situations.

29 May 2024 | 6 replies
Assuming that no debt is involved, Is paying that cost necessarily better than paying the tax on your long term capital gain in the property?