Frankie Parker
Are tenants responsible for smaller items not specified in lease?
I have a question regarding smaller items in rental properties, such as pillows, door mats, small floor mats, bed covers, etc. To make the answers unbiased for either side, I would like to ask this question both as a ...
Kasey Blow
STR furnishings for airbnb
Wanting to know if the initial expense of furnishing an entire house for airbnb/vrbo etc, 20-30K cost is considered a capital expenditure and not tax deductible or if it would be considered an expense that is tax dedu...
Alejandro Saenz
Property Manager Won't Provide repair bid Specifics
We just had the rental certificate inspection done in our multifamily rental. The inspector came back with some items that need attention. My property manager has been handling all that, and came back with a bid to fi...
Account Closed
Need Quickbooks Help
Hello BP World.I currently have a Bachelors degree and a MBA so I understand basic accounting ( although sometimes I have to google a few things as I am a little rusty lol) but I need some help on Quickbooks.At this p...
Elena Koyun
Negotiating price down after inspection
Hello,We are buying our first duplex. After the inspection about to ask for a price reduction. Since this is our first time I was wondering on opinions of others on how much to ask and how to include the cost of labor...
Dave S.
Accelerated Depreciation Spreadsheet / Checklist
Does anyone have a good checklist of items that can be included in the accelerated depreciation method? I.e. fans, furniture, etc, etc,. What are the depreciation rates for each?What are the amounts for each that you ...
Dom Allen
Question about bid received from contractor
Hello I have a house that I took a licensed contractor to so that I could receive a bid. The contractor text me later after our visit that his repair estimate is 69K. I thought that was a little high and said I need ...
Zana Blue
Buyers Want Staging Items
I have a few staging items...rocking chairs on the porch...wine glasses and pretty colorful dishes in the kitchen...nice towels and soaps in the bath...nothing major...but the buyers did not ask nicely for the staging...
Dawn Hall
Capital or Expense?
Are the following items considered capital items to depreciate or expense for tax purposes?
- Hot Water Heater
- Blown-In Insulation in Attic
- A New Front Door
We also bought a lawn mower and tiled one of our apart...
Account Closed
Understanding the lease
I'm about to become a landlord for the first there is a section in the lease I'm unclear about. The legally described? non-real property items?1. PREMISES: For good consideration, Landlord leases to Tenant the followi...