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16 May 2024 | 25 replies
It depends ;)We discussed it for each client that would have bonus depreciation, and generally it fell into a few different camps:1) We always extend anyways, so we don't care if we wait2) We normally file on time, and the amount of bonus depreciation difference is relatively immaterial, so let's not waste time and fees to extend and have to provide estimates to members - typically this was with less than a few hundred thousand of bonus3) We have too many investors, we aren't going to delay them, we'll file with the 80%4) The bonus depreciation is material enough to us that it is worth it to us to wait.
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17 May 2024 | 21 replies
I used to take QuickPay but the issue is that they can partial rent and extend their stay without rent b/c I couldn't process the eviction b/c of partial rent..
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16 May 2024 | 5 replies
As of the date of this post we have not seen any of that money.Summarized Eviction Timeline:July 1st: Rent Due (Actually extended to July 18th at tenant request)July 19th: 3 day notice to vacate postedJuly 25th: Lawyer filed eviction with Butler County CourtAugust 9th: Eviction court August 13th: Date judge gave them to be out byAugust 16th: Bailiff removed tenant and set out stuffCost: $195 in lawyer and Bailiff feesLessons Learned:1.)
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15 May 2024 | 1 reply
She has extended 5 months of grace and meds to take some action.
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15 May 2024 | 1 reply
In the H.R. 3936, Built in America Act, it was proposed to extend the 100% bonus depreciation until January 1, 2027.
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16 May 2024 | 20 replies
Give some consideration to the amount of money you want to invest for a down payment plus any closing & renovation expenses here too, although if you find a sweet deal you can find outside money to extend your reach.Next run the property through a quick analysis.
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14 May 2024 | 7 replies
The tenants informed me that they are looking for a home to purchase and would like to extend the lease until September and then month-to-month until they find something.
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15 May 2024 | 11 replies
Compare that to low cap expenses of a new build and any higher rent rate associated with the new build as well as any anticipated higher appreciation and run your numbers over a 5-10 year period.New construction may cost more upfront but may make more sense with an extended timeline.
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14 May 2024 | 8 replies
The city has put some rules in place to manage how properties are rented out in the short term, especially focusing on stay durations and where rentals can even operate.
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15 May 2024 | 17 replies
I'm here to extend a hand to you if you need help around the Orange or Osceola County market.