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16 December 2022 | 3 replies
Meet People with Experiences Similar to Your Own: There are many organizations (both free and paid) out there that you can join such as BiggerPockets forums, local real estate meetup groups, The Entrepreneur's Organization, your local AICPA group, etc. that gives you a place to receive advice, guidance, problems and ideas.Utilize the R&D Tax Credit: Your business could receive a 10-20% refund for employee labor that’s associated with improving a product or process.Utilize Employee Retention Tax Credits: If your employees that worked for your business during the pandemic are retained through the end of 2021, your business could receive up to $9,000 each quarter that your employees were retained.Own Your Own Office: This would allow you to have multiple tax deductions, utilize depreciation, take advantage of appreciation of the property, as well as allow your company to rent out any unused space to help pay the mortgage.Take Advantage of Energy Efficient Tax Credits: There are many opportunities to take advantage of these credits such as updating the HVAC system, installing energy efficient lighting, etc.Perform a Cost Segregation Study on Your Property: This would allow your business to immediately write off the personal property within the building.Utilize Work Opportunity Tax Credits: If you hire employees from groups that typically face a barrier when it comes to employment such as people with physical or mental disabilities, veterans, etc. your small business could receive a tax credit while also helping the underserved.Use the SCORE program: This program is free and connects you with resources, and mentors and specifically focuses on helping small business owners excel.
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10 August 2017 | 19 replies
Not to mention that where I buy the big utility expenses is electric for air conditioning in the summer (which is always paid by the tenants).
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15 May 2017 | 10 replies
Some examples of habitability codes are functional toilets, functional sinks, functional smoke detectors and carbon monoxide alarms, weathertight windows and doors leading outside, bathrooms must have a mechanical vent or an easily opened window, a bedroom must have an easily opened window and either two electrical outlets or one electrical outlet and a light fixture and all pipes, plumbing and electrical must be per code.
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16 December 2022 | 3 replies
Added lighting and electrical outlet to a bonus room under the stairs.
21 November 2019 | 0 replies
Pay closer attention to the electrical and plumbing details when doing initial inspection.
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28 December 2018 | 73 replies
What would you say if someone advised you to replace an electrical system by yourself and without a permit, learning as you go from youtube?
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30 December 2022 | 0 replies
The bones of the building were in good shape since all of the plumbing and electrical was up to date.
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30 December 2022 | 14 replies
So be sure you have access to cash for major items like that - HVAC, parking lots, roofs, electrical systems, plumbing systems, flooring, etc. can have issues at anytime and require lots of money to fix.
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29 December 2022 | 3 replies
A Utility & Maintenance Reduction Program is a program that aims to reduce the costs of utilities (such as electricity, gas, water, and sewage) and maintenance (such as repairs and upkeep) for a rental property.
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29 December 2022 | 0 replies
Make your bed.Review your prior year.Do your energy audit.Complete your envisioning exercise.Assign your NEXT LEVEL targets for all aspects of your life.Create your habit tracker and scorecard, to know if you're winning the game.Schedule the SPACE to review and keep score.Didn't have time to do these things?