they take the value of the land, which they determine from land sales, add what it costs to build the building, and deduct the "depreciation" (ie adjust for age and market conditions) An example of non- age depreciation would be having a silo on a farm where all the local farmers have changed their system to bunk storage) Ie the Silo may have cost $20K to build, and it may be brand new, but the cost to operate it is much higher than using a skidsteer to drive through the barn with scooped up cow food.I digress,So that's the tax assessment process, but all the tax assessors is worried about is the value of your property RELATIVE to other properties that they are taxing.

This year I'm giving $50 dinner gift cards each to:- my main handyman, who has helped renovate 8 units this year, plus bailed me out when a tenant's fridge went out when I was on vacation and the spare new fridge was in a storage unit.- the HVAC guy, who I count on to fix my tenants' furnaces and A/C the day they go out, and has very reasonable pricing- my plumber, who has unclogged many a drain, changed hot water heaters post haste, and changed garbage disposals and faucets when needed, so I don't have to.- my painter/drywall guy/cleaner husband/wife team, who charge me the same whether it takes 1, 2, or 3 coats of paint to cover the nasty colors a former landlord allowed- the floor refinishing guy, who has done a good job on 8 or 9 floors this year.

My DTI was a little too high (had 1 bad credit hit, and bought a harley), appraisal didnt come in, and I was not able to acheive my Heloc goal. 6 months later, I paid off my credit card, sold my first house, and released some capital and debt in my name, and hit the 1 year seasoning mark, and BOOM.

She also told me that the income from my duplex would not be counted until I had seasoned (owned) it for 2 years.I believe this is because it is owner occupied, but confirmation from one more experienced is definitely welcome.

Seasoning of 6 months is typically required before you can do a cash-out refinance at FMV.

Hi Susan, Not sure all these fall under analysis category, but here's what I typically use for my properties:Buildium.com (mgmt)Dropbox (storage/docs)Propertystick.com (property analysis)Landlordology.com (good blog)Craigslist (a must!)

Depending on the width and depth it presents different limitations on storage of lawnmowers, bikes, shelving, workbench, etc.Thoughts?

No seasoning or anything.

Hi All:Here is the scenario:Purchased SFR rental properties 1 year ago for cashProperties held in an LLC for asset protection purposesBank said need 1 year seasoning on properties to finance, so far so goodThen bank says: can't refi while in LLC, must be in personal nameI agree to move properties out of LLCBank says: Since there is a title transfer, you need to hold in your name for 6 months before we can financeI say: What?!!

Refinancing in your name will be difficult because of seasoning issues.