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

Hi all, I have a property built in 1980 with original windows that are definitely showing it's age.  I met with a window contractor (America's Best Choice) and the guy presented me the option of getting windows that m...

Hi folks, I'm analyzing a Mobile Home Park with 10 Acres, 11 mobile homes. The property is non-conforming as to land use and zoning now and cannot have more mobile homes or replace the old ones. The deal still with go...

My tenant has observed slight mildew/mold on the Shower doors. After applying the mold cleaners, the gasket on the shower doors is still showing discoloration and the tenant is concerned that it is Mold around that ga...

I'm buying a property and trying to finance the deal. The money is coming from a 4 member LLC 1031 exchange. Can i purchase the property and get the loan under the 4 members names so i can get a regular residential lo...

I have a duplex that we built new in 2021. 1st tenant on one side has moved out. I am trying to figure out charges to deduct. On first look everything looked good. on closer inspection, we have damage to refrigerator ...

if you come across wood panelling in the basement...when a standard is nice drywall finish ...would you install 1/4 drywall on top of the panelling or rather demo it and start with the regular drywall ? I think dry...

We inherited 4 houses from a trust due to a sudden death in the family.  We are trying to get them in our name then back into the trust.  But in the meantime we have to get landlord insurance.  We live in Florida and ...

Hi All!What's the best way to get smoke smell out of a house? We've replaced the carpets and painted, and I'm going to get the air ducts thoroughly cleaned. I've also wiped down all the surfaces in the house to get of...

I've got what seems like a mostly accounting/tax question for the BP community. When doing "make-ready" work on a unit between renters, is it reasonable/allowed to just lump it all in as a capital expenditure, or does...