Is resurfacing a pool at a rental property considered a repair or a capital expense for tax purposes? If the latter, what is the depreciation period? Thanks.
Hi All, I've been looking at a number of mixed use commercial properties in the Chicago area by using BP tools as well as my own spreadsheet analysis. I don't have experience with estimating costs for retail units an...
When looking for a new place to live, the first question you ask yourself will help drive the rest of your decision-making. Should you rent or buy? Buying may seem appealing because you will put an end to escalating r...
Hi all! Located in the Providence, RI area, looking for recommendations/referrals for high quality, trustworthy contractors. Have been investing for 2 years, currently own and manage 5 units. In process of purchasing ...
I'm being asked to invest in a 50 year old, 200 unit Chicago high rise building. I'm very experienced with rentals in general and rental complexes with many units and have a good understanding of investment numbers i...
Looking at airbnb investing in Colorado Springs but I'm not sure how to analyze a deal (such as a sfh). What percents do you typically run for property management vs maintenance/ cap ex, vacancy, and other costs? I kn...
I just bought a 27 unit complex. I am new to complex of this size and looking for recommendation on best practices to manage property of this size. 2 things that i need advice one:1. Late fees: How to avoid that prope...
Hello, We are a property managing company that rehabs and rents our own properties. I am confused when I comes to the categorization of some items. First Repairs/Maintenance and capital expense, from what I found arou...
I'm looking for advice on how to approach a tenant on a non-renewal of the lease. I'd like to begin with an inspection of the property prior to giving them notice in order to document the condition of the unit and do ...
Hi friends! I'm exploring getting into PadSplits. I've read a lot of posts in the forum here on the pros and cons of this strategy... what I would love is some insights from actual PadSplit hosts on the assumptions/op...