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3 May 2024 | 2 replies
You sometimes go into the blind off of visual inspection alone because it's a good enough deal to absorb those types of costs.
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3 May 2024 | 6 replies
And if they lease new tenants every year you will likely have turnover costs to add as well.
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3 May 2024 | 9 replies
You also have a variety of price ranges, lending options, and markets that allow for a low cost to entry.
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3 May 2024 | 1 reply
Is there any tax strategy that can be used to depreciate the actual cost of the building itself if not used by us for our LLP's business?
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2 May 2024 | 3 replies
I just wanted to get a sense of installation cost and permitting process for in ground, semi, or above ground.
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3 May 2024 | 33 replies
Per my records, I had a loss of ~$30k over ~5 years from management costs, repairs, appliances, etc.
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3 May 2024 | 1 reply
Asking because in most cases, you can pass on the cost of the broker's fee to the tenants or at least agree to split it between tenant & landlord if you find a great tenant and want to incentivize them to sign a lease. 1 - If you still want to self list, you should be able to do it through online sites like Zillow after making an account.
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3 May 2024 | 2 replies
For example, a dryer that costs $1500, can I use De Minimus Safe Harbor for that, or does it still need to be capitalized since I purchased it before officially putting cabin up for rent?
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2 May 2024 | 2 replies
Green buildings not only have lower operating costs but also offer health benefits for occupants.Renewable Energy Sources: Incorporating solar panels, wind turbines, and other renewable energy sources can significantly reduce energy costs and appeal to environmentally conscious consumers.Smart Home Technologies: From smart thermostats to energy-efficient lighting, smart home technologies help reduce a property's carbon footprint while providing convenience to occupants.Investing in the FutureInvesting in technology and sustainability is not just about being environmentally responsible; it's also a smart financial strategy.
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3 May 2024 | 7 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.