Andrew Wu
Deducting installation of GFCI outlets?
Hello all again,
Thank you for the tips on how to address / depreciate the water heater issue.
My next question is whether I can deduct installation of GFCI outlets in my kitchen (previous owner prior t...
Donald Howaniec
Cutting the water bill
One of the costs that I have had the greatest difficulty controlling is my water bill. If it's not a leaking toilet (I can fix that) it's tenants using hot water to defrost meat (What can I do about that other than as...
Steve Barnes
Purchase Contracts help
How would I go about writing a contract to purchase an investment property? I have been dealing directly with the listing agent and have not used my own agent. Do I need an agent or real estate attorney to write it fo...
James Edward Laws Jr.
Attending a showing to buy a house...
I'm wondering about "scouting" a house for a possible purchase. What are things that can be reasonably studied when you have one shot at a look?
Chris Linder
Recommendations for Junk Removal
Any recommendations for a junk removal guy? I just bought a house in Indianapolis and need it cleaned out- lots of dirty furniture and household items. I also need a fence removed and an old hot tub taken out. Thanks
Tyler Henkel
Coin operated washer/dryer
Hey BP I’m upgrading the washer and dryer in my duplex and debating on whether or not I should install coin operated ones. I’m not sure if doing this I will lose leads on new tenants and increase vacancy. Wondering if...
Seth Robertson
First Multifamily property repair/improvement advice
I am looking to close on my first multifamily property. The property requires a decent amount of work. Nothing too major, but a few cosmetic fixes partial roof replacement and a couple electrical issues are the main i...
Kenneth Garrett
Experience in Adding Coin Laundry
Just added a coin washer and dryer in a 4 unit building. Thought we would assign days for tenants to use to avoid conflicts. Any one have any experience with this?
Tracy Hoopingarner
Tax Deductions when donating vacant land to charity.
I had a client provide a tip to me. It suggested that if an investor holds vacant land 12 months or more and then donates the property to a charity of choice, the tax break can be up to 30% of their income. Is anyon...
Edward Mccracken
Is buildium able to keep track of all of business accounting?
Kind of a newbie question but I'm trying to convert my life over to buildium. Are you able to run your entire business accounting through there or do you need quick books in addition to that? Its a little late but I'...