Wondered if there were any people who have worked with professionals in window replacement here in KC. The two companies we have met with are sales people who talk, talk, talk about how great they are. We'd love to be...
Hi BP community!
I'm scheduled to close on my second 2-unit property but I know that some time in the future there are repairs/updates that I will have to make.
For example:
-The parking lot/driveway needs to be resu...
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
Hi,I'm looking to properly estimate expenses in my model when searching for deals. I'd like to be able to get a general idea of the expenses before doing further research into the property to determine specifics (like...
Greetings BP members,I'm looking to purchase a property and rehab it to flip. My question, is there a rule of thumb about how the funds should be paid out to the contractor? For example, if a contractor gave me a qu...
Hi Everyone,
My question is do you favor replacement cost insurance vs. rebuilding cost insurance? Also, if the property is destroyed and you have only replacement cost insurance do you rebuild or just sell the land ...
All,I recently replaced a garage door in one of my rental units. Just trying to figure out if it's an expense or a depreciable asset. We replaced the door with the same quality and it was $750 (so not too expensive)...
I'm new to the whole landlord game and hoping for some clarification. Do you rely on the tenant to replace the filter or do you do it yourself (monthly), and would that dictate a monthly inspection of the property? ...
What is a good way to determine how much I should allocate from monthly income to the repair fund and capX fund in terms of a good percentage? This oils be on a rental in Flint MI.
Thanks
Anthony
A cost segregation study should only need to be performed one time for each property and the annual depreciation calculated during the study using the detailed asset listing is relevant for as long as you own the prop...