Cory H.
Mobile Home Park with Waste Water Treatment Plant
Hello!
I'm looking at a potential offer on a mobile home park that has its sewer serviced by a private (park owned) waste water treatment plant. Has anyone dealt with this before? I don't know what I don't know and...
Christopher Smith
Re shingle Roof - Tax Treatment Expense or Capitalize
Will likely re shingle an 18 year old SFR's roof in the next 12 to 18 months. No major structure work will be required, nor removal of old shingles. Will likely run around $6,000. I've seen some fairly aggressive back...
Cal C.
Monthly pest control treatment equals monthly rental inspection
I was interviewing a new PM for some properties in another part of GA. He mentioned that he pays a one woman pest control company $30 bucks a month to go in and spray all of the rentals he manages. Of course she con...
Joe P.
Can I deduct flea treatment from security deposit?
Recently bought my first rental property in Pennsylvania and sent the tenant a non renewal notice. About 5 days after she vacated I discovered fleas in the apartment. She had a cat which was permitted on the lease. ...
Jason Braud
LLC Personal Loan Tax Treatment (Interest vs Dividends)
Have a tax question. Starting a new real estate LLC where one partner brings majority of upfront capital to the venture for down payment on first property. In a bid to keep the ownership in the LLC at 50/50, would l...
Gustavo Vargas
Lawn maintenance, fire ants treatment who is responsible?
I was wondering if you normally treat fire ants when you crew mows the lawn. I have tenant asking me to treat it them. I normally take care of the lawn but figured those types of issues is a tenant responsibility? T...
Will Dixon
Underwriting treatment of passive losses from a syndication
I am currently going through underwriting for the first time. I was able to meet the income qualifications for the loan I am seeking, but found it very odd how underwriting treats passive losses for income qualificati...
Ari Newman
Does installment sale treatment cancel Sec. 121 benefits?
I'm working on a deal structure and am curious to know if it's possible to get the benefits from an installment sale while still capturing the tax free gains from Sec. 121 ? The structure:
I want to sell my primary ...
Cory Waxman
Income Tax Free State treatment for California Buyers
I have a buyer looking to purchase investment property via 1031 exchange in Nevada (income tax free state). Can a California buyer avoid paying income tax on rental income in Nevada or report and pay in California?
Jon Schwartz
Tax question: termite treatment added to cost basis?
Hi guys,I just bought a duplex, my first rental, and I'm renovating it.The termite treatment tab came out to $900. Is that added to my cost basis for the building, or can I deduct the expense this year as maintenance?...