I know there are a couple of threads on the cost of furnishing a STR and they do appear to vary greatly (size, market, target audience etc.) and I'd still love to hear about cost but some of my other questions for the...
It's my understanding that every asset needs to be assigned to a property, we have 7 rental properties, and buy things like a snowblower that we use at two multi-family properties. Do we split the depreciation and as...
One of our fairly new tenants who previously checked all of our boxes has a minor who has been caught on camera stealing packages and items from surrounding homes. This obviously is a problem, but the only reason we k...
Hey everyone! We have a vacation rental in northern Utah up in Bear Lake. Currently we have a ping pong table and a basketball shootout in the basement. We will be converting the basement in to two rooms. There really...
I thought about posting this in the tax forum but realized this is more along the lines of a general or landlording topic.Do you guys do patch/mend/repairs on a property shorty after escrow to count it as the "cost ba...
What are the top 10 things I should be able to fix on my own that I don't need a contractor or repair man for? I'm trying to house hack and limit my expenses as much as possible. Steve
This is really two questions.1. How to best track costs of a project and compare with budget (what process/software do you use). I think Quickbooks calls this "job costing":I get a bunch of receipts then need to someh...
Hi guys!What kind of maintenance work do you do on your rentals?For example, do you make your property managers to clean gutters every year, service AC/furnace, service fireplace if there is one? What else? and how of...
Can anyone help me make an investment decision?Recently I purchased a SFH in a small, rural neighborhood in Statesboro, Ga. The house is a 3 bedroom, two bathroom 1200 sq foot starter home on 3/4 an acre of land with ...
I've had a few things to fix in the last 6 months on this rental; however, every time I try to schedule it between my guy and the tenant, the times don't work for her. I understand wanting to be home when someone you...