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16 October 2018 | 2 replies
In a rental property, if you need to replace the water heater, which is better: gas operated vs. electricity operated?
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17 October 2018 | 5 replies
William, Some utility companies have warranty/ service agreements that you pay for every month, i do not know how fast they would come out to repair stuff. i know here in NJ our Gas/ Electric provider, PSEG, has such a program but you pay for it monthly whether you use it or not, i don't know if they do minor stuff, mostly larger appliances. but that may be different with the utility co. by you.
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24 October 2018 | 4 replies
No leins on the property but I just found a gas bill lying on the ground.
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20 October 2018 | 3 replies
@Nick McBrideFirst you have to determine what is your responsibilities of paying and what is the tenants responsibilities of paying.As a general rule - the landlord's expenses/allowance will include repairs/capital expenditures/vacancy/property taxes/mortgage interest/mortgage principal/etcDepending on the county - Water and Sewer can be included in property taxes and be the responsibility of the landlord.Items such as electricity/water/gas is up for negotiation to be paid by either the landlord or tenant depending on what is said in the lease.
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25 October 2018 | 21 replies
The cost for roads, electric and gas lines come to around Y million Just a rough estimate.
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19 October 2018 | 5 replies
Actually everything is smoothed back over with the tenant an @Nathan G. as you mentioned in another post prior to deeming uninhabitable someone at the city should decide that the water leaking in is in the garage and it is not excessive maybe things are not translating well over posting on the forum.
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20 October 2018 | 10 replies
Can you imagine going into a gas station with a sign out front saying gas was $2.59 a gallon, and when you went to pump the gas you first had to pay a $15.00 fee for using their pump, an $8.00 "lot fee" for parking you car in front of their pumps on their property, a $17.00 "roof" fee because there is an awning over the pumps, and a $14.00 "snack bar" fee to cover the fact that should you feel the need for a cool refreshing beverage, you have the option of walking in and purchasing an Icee for $1.99?
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21 October 2018 | 3 replies
I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.
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14 February 2019 | 1 reply
Gas furnaces aren't too expensive either.