Property taxes different issue- depends on state and city and how many months arrears.

Hi, Fellow BPersAmong all jobs related to STR operations, I find that finding the right people for internet issues in your rentals is the trickiest: who you usually call when guests complain about internet issues?

@Mehul RupaniYou might look into whether the missed depreciation would be treated as an error and rectifying by filing an amended return.I believe a 3115 is only filed if a method was adopted/established (by consistent treatment on at least 2 consecutive tax returns) and you will be changing the method from an impermissible to permissible method.Wouldn’t recommend DIY in this area, it’s pretty technical and the full facts should be reviewed by a tax professional or offer proper advice before taking any action.Hope it helps

Issues are Legal & Tax.1) I escrow taxes for one of my properties and just received my annual statement from the bank.

The seller (who's name is on title) or me (technically the lessee in the contract for deed)?

This wasn’t an issue for us for this home because it will be kept in the family for years and hopefully generations to come - so we thought why not depreciate now! 

After Pandemic, they had experienced staffing issues and fired all of their Inspection Dept.

The deck is currently unsafe, and the repair is scheduled for late spring/summer when weather conditions allow.Previously, I lived in this unit and had to address several issues to make it rentable.

Has anyone ran into these issues in Central Oklahoma? 

Inevitably issues will arise and when they do you can adjust 1 or 2 of these variables and work to keep the project on track.