David Switzer
Question about ADA (no one seems to be doing it?)
11 January 2025 | 4 replies
Stairs are the only way to get in, no grab rails in the bathroom, ramps that are too steep, etc.From what I've read, all commercial businesses/buildings (including ones before the ADA was passed) have to comply with the rules, unless it would be outrageously tough to fix (like installing an elevator in an already built building).Are all these local business just not complying and taking the risk, or am I missing something?
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.
Anthony Freeman
Property Management software
10 January 2025 | 5 replies
One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.
J. Mitchell Bernier
Valdosta, GA Market Update
10 January 2025 | 0 replies
New inventory and relisting rates have actually declined month over month which is allowing to pricing to remain elevated.
Aaron Robertson
SB 721 Deadline Extended: What California Property Owners Need to Know
27 December 2024 | 2 replies
California's SB 721, known as the Balcony Inspection Law, requires multifamily property owners to inspect exterior elevated elements (EEEs) like balconies and decks.
Mitch Smith
Top Renovation Trends for 2025: Designs That Our Buyers Love
10 January 2025 | 2 replies
From adding bi-fold doors to creating outdoor kitchens, we design spaces that make the most of Southern California’s weather.These trends not only elevate the homes we renovate but also ensure they stand out in the market.
Joshua Middleton
Seeking Feedback: Luxury Rental Investment Strategy for 4 Bed 2 Bath, Palm Coast FL
11 January 2025 | 4 replies
Sure, all channels can work, even seller financing or foreclosures, but in my experience, a well-connected agent can uncover hidden gems that often outperform the trickier avenues.Since the post is still fresh, I’m curious.. do you foresee other potential add ons that might elevate the returns even further, like corporate housing partnerships or short-term seasonal leases?
Jace Perry
Who is investing in STR in Costa Rica?
11 January 2025 | 11 replies
That has informed us for this year's trip, and we'll be staying in Langosta/Tamarindo, Potrero/Flamingo, and Hermosa (Guanacaste not Jaco).Of course, there are tons of beautiful places in CR, and the better climate (read: less hot) is found at higher elevations.
Chris Magistrado
Defining Crystal Clear Criteria (CCC) for Large Multifamily Investments
9 January 2025 | 0 replies
Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
But there are also 411 townhouses listed for rent on renterfaster.com so you'll need to elevate your listing to generate more serious candidates.Best.