Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik
As an out of state investor I am dependent on my property manager to update me on status of property. We talk regularly, but that doesn't mean I am always fully aware of any potential deferred maintenance or tenant tr...
Hello BP folks,Here is a real scenario for one of my properties with regard to how to use the Safe Harbor for Small Taxpayers, Routine Maintenance, and/or De Minimis options.Property LCT has an original basis (just th...
Hi, please forgive me as I am new to airBNB.
For tax write offs, what would be best to handle utilities bills? Property manager or doing it yourself?
Curious to see if homeowners/property managers perform regular (quarterly, semi-annually, etc.) property inspections. We used to in the past but decided it may be a little invasive to tenants so have refrained. Howe...
Greetings! My name is Mike.As a locksmith I've encountered a variety of routine service calls, but I've also responded to a few not so routine service calls. While the idea of security seems simple enough, making sure...
Good day investor-friendly agents and brokers! I got my license within the year and I'm having difficulties adopting my brokerages daily routines and general systems. I got my license as a way to become an investor. I...
Usually HOA's are headaches because of their overbearing requirements, but what do you do when the HOA isn't performing? We have a condo (really a townhome but run as a condo) where the other residents pile trash outs...
I am currently reviewing the performance of one of my single-family homes. I bought during when the market was very low. I’ve seen excellent appreciation and it’s performed well, producing anywhere from $200-$400 ne...
So, I've been in the Landlording/Investing business for 16+ years. I started with the purchase of a small, (16 unit) trailer park and have added a small mini storage unit, (1 building, 19 units) and 5 SFR's as well as...