So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
I'm looking for some feedback, especially from my fellow Rochester, NY investors. My tenant left the duplex unit after almost being evicted. My property manager sent a request to their contractor to make the unit read...
I recently had a long-term (5.5 years) tenant move out. She was a fantastic tenant—always paid on time, easy to work with, and took good care of the property overall. She did move in two cats during her tenancy (with ...
Hi folks,in 2018 I purchased and placed 3 short-term rentals into service -- my first year doing STR. I have filed an extension on my taxes, but want to get them done sooner rather than later. While I have kept good...
I just purchased a house and water to see if someone could give me further insight into these contractor estimates and if I can get more detailed estimates, or am I just worrying about the wrong things? I attached be...
l am trying to learn more about tax information and determine exactly which expenses are deductible and which aren’t. Specifically, fences, gutters, landscaping, to make the property more competitive for rent.
Also, ...
I recently stumbled upon a potential multi-unit property that has some amazing potential. However, there's a catch as there always is. The books/financials on the property are not as straight forward as they should be...
Hi all,I tried Magicplan and found that it could not create a floorplan using my Android tablet's sensors as advertised and it's room-focused approach made doing a manual plan very difficult.So I thought I'd see if an...
Hi Everyone, New investor going to my first open house today for a duplex. Any specific questions I should ask? General advice on what to look for and ask is greatly appreciated.Thank you!-Mo
hi everybody -I have been lurking for a while but this is a first post, so thank for reading!I have a house which I intend to flip, already have purchased it. My question is this - do you get line item by line item b...