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2 February 2022 | 1 reply
A lot of the maintenance costs come from outdated items, which then get addressed in Capex too, or the wildcard: tenants.
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3 February 2022 | 27 replies
I understand that if you make them out to your self it does allow you to bid on multiple items with the same checks but we did not have an issue with limited funds in those days.Each place has there rules and thats the fun of this game ..
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26 April 2022 | 1 reply
Those items cannot be legally disputed.
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2 February 2022 | 0 replies
Those items cannot be legally disputed.
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24 May 2022 | 6 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
3 February 2022 | 5 replies
If a property clears these hurdles, I’ll then start to dig a little deeper.If you're looking for "what line items should I use" when calculating expenses, just go to the BP calculator and see what they ask for.
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2 February 2022 | 6 replies
Couple of big items that could be more than I originally ran the numbers for.
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6 February 2022 | 9 replies
Hello All,I’m finishing an ADU in San Diego, one of the last construction items is AC.
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6 February 2022 | 2 replies
I figured a foundation repair would be like any other big item repair: just find a good contractor, pay the money, and get it done.
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3 February 2022 | 2 replies
I have a low credit score (slightly above 600) due to carrying high credit card debt as well as having some charged off CC's from my college days, however the statute for those to show up on my credit report expire in August of this year so it should provide a sizable boost to my credit score, in addition to my plan I have in place to reduce my total credit usage from $12,000 (out of 13,000 available) down to about $4,000 by July (hopefully lower!).