I am in this exact problem right now and the tenant truly believes she left it in "pristine" condition even though I spent 4 days cleaning, throwing out trash, painting, etc. after she moved out.If she hires a professional cleaner and hires a carpet cleaning service she needs to keep the receipts and document by photo as others have suggested.

talk to your accountant about cap gains and 1031 exchanges.period.forget posts on here although you might be able to get some really good information - that stuff is really for the professionals.

you can do it either way buy tiling before always looks cleaner and more professional.

In my experience, the best tax professionals are the ones who will help you plan several years in advance for ensuring maximum long-term tax savings (as well as short-term, of course).

I live on the first floor apartment and have a tenant on the second floor.Tenant is great, single woman, professional, always pays on time...

ARES is committed to providing “real world” professional services while offering affordable, personalized support.

I have a lot of learning to do with all of the professional talk.. like cash flow, lender's, and all the special terms that I am not fimiliar with that you guys use on a daily basis.

. ($20k 5-year asset = $4k deduction per year, times 5 houses = $20k deduction a year for the first five years, separate from property depreciation altogether) This process will save me a couple thousand dollars at least, and will probably be the deciding factor in whether or not I can afford to purchase another investment property.More cash flow now is more important than paying taxes later, all real estate professionals know this.

As long as you act professional, have some business cards, and are prepared, you should be able to wear whatever makes you comfortable.

Like you think to yourself and you know that you're a: plumber, a mechanic, a sales man, a student, a truck driver.