Alik Levin
Broken electric fireplace replacement - repair or improvement?
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
Brigitte Garrett
IRS classification of Maintenance costs
Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...
Casey Culver
To claim or not to claim?
Hello Everyone!I have a leak in a hot water line in one of my rentals in Alabama. I've been told it'll cost $1850 to fix, and will require busting up 1-2 tiles, cutting some drywall, drilling hole in concrete, fixing ...
Sam Leon
IRS Safe Harbor Rules questions
OK, I have done a bunch of reading and still finds some of the new rules confusing. So I have a few specific questions on these new safe harbor rules.There are some very helpful existing blogs and threads covering th...
Clay Monroe
Attn: Commercial Property Managers/Owners
Hey BP people! I was hoping some commercial property managers/owners could answer some questions for me! How do you estimate the routine maintenance budget for a commercial property? Do you include the costs of parkin...
Katherine Fusco
Defining terms for new folks: "Maintenance"
I have a question about what all is included under the term "maintenance."There are a few rules of thumb out there for estimating maintenance costs (e.g. 1% of property price/year, 10-15% of rent, $1/sqft/year, etc.)....
Gideon Blustein
Landscaping and lawn maintenance: what to do???
I’m rehabbing my 3rd SFH and plan to hold as a rental. My goal is to outsource busy work so I can focus on financing and finding deals. One sticky widget I need advice on: what about basic landscape maintenance??? Spe...
Ben Clark
Write off Rehab Costs with BRRR Strategy?
Can you write off rehab costs as repairs and maintenance when using the BRRR strategy?
Abraham Kaplan
Investing in Ice Machines
Does anyone have experience in owning ice machines. I'm talking about something from Twice the Ice, Watermill Express or something similar. It seems like a good opportunity. The initial cost seem low compared to other...
Devin Woods
Property Management Responsibilities
I have a question for those who have extensive dealings with property management companies.
Would you expect, as an owner, or is it common for the 3rd party PM companies to perform inspections of your properties for...