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17 February 2024 | 0 replies
Refinished the original floors (massive value increase), fixed the heating and air system, painted all rooms, cleaned up the yard for curb appeal What was the outcome?
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15 February 2024 | 8 replies
Vacancy won't be an issue in this area and pretty confident it will be filled up as it's near to almost everything like train stations, grocery stores, hospitals etc.
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15 February 2024 | 6 replies
I self-manage and I just give my accountant for tax forms and total for whatever I spend in appliances or anything else.I need to upgrade my Quicken 2014 Home and Business.
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16 February 2024 | 5 replies
Always increase the rent by something every lease renewal.
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17 February 2024 | 9 replies
If the activity is considred active, then there is an opportunity to increase the loss through the purchase of a cost segregation study which would increase the depreciation into the earlier years.
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17 February 2024 | 31 replies
Thought about adding a smart lock to the garage and making it a self-rental service.
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17 February 2024 | 7 replies
It often results in increased rents for the area.
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17 February 2024 | 17 replies
Flipping is a self-employed job with high risk and high transaction costs.By the time taxes and agents are done with you, the juice is rarely worth the squeeze.
17 February 2024 | 11 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
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16 February 2024 | 16 replies
If you are not confident in your own abilities, why not get a new CPA?