Mike S
How to use expense side of 50% rule
Just getting started and I'm trying to figure out how to run the finances and accounting for rentals that I plan to buy.
Do you run the expense portion as a total fund or more like a line item budget? Take maintenanc...
Michael Taborek
Storing of tenants abandoned property
i am curious about some processes behind the storing of tenants personal property left after the tenant leaves.I came into an odd mishap at my rental this past month, we had an issue with an uninhabitable situation in...
Kirk R.
Painting Required & other repair items on VA Loan closing Jan 23rd - high of 28 degrees next 10 days.
VA loan closing Jan 23rd.Repairs required by VA appraiser/inspector:--------------------------------------------------------------1. ALL STEPS TO UPPER LEVEL AND STEPS TO THE BASEMENT NEEDS HANDRAILS...(ALL STEPS).......
James Edwards
Legal Question Neighbor Using Property
Hi All,
Curious how you would handle this.
You purchase a surveyed bare lot with markers in the ground. An adjoining neighbor has various items stored on your property (trash items, a trailer etc). Neighbor also...
John Kilhafner
Can I use a property I haven’t rented yet on my P&L?
Can I report a loss for a property I haven’t rented yet because I came across items that had to be fixed ? This property is just now being put up for rent almost a year later because of items that came up and slow con...
Hendra Wijaya
Light bulbs and refrigerator water filters as capex?
Hi Everyone,This probably seems silly to ask, but I am still curious about it. Do you budget things such as new light bulbs, faucets, toilet flappers and water filters in the fridge as capital expenditures? Or do you ...
Katerina McKnight
newbie question: cap ex number to use for an apartment?
Hi all. Newbie here and new to calculating the deal.
What cap ex number or % do you use for calculating expenses on an apartment, or is there no cap ex for an apartment and instead is only maintenance and HOA ?
Th...
Steve Babiak
Zillow buys again: $16M for rental search firm HotPads
Zillow is gobbling up lots of real estate related companies ...
Zillow buys again: $16M for rental search firm HotPads
http://www.bizjournals.com/seattle/blog/techflash/2012/11/zillow-buying-rental-real-estate.html
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Manuel Encarnacion
Tax write off question
Can you write off or expense things purchased for upkeep of a rental unit come tax time? Things like paint, power tools like table saws and drills as well as items like water heaters, and bath tubs? I would be paying ...
Gary Thao
Bad Situation…Need advice
I'm making a long story short. Let me know if more details are needed and I'll provide.
This situation occurred in Portland, Oregon. I signed a 6-month lease agreement for an apartment. When I moved into this apartm...