Julio Gonzalez
Example of Cost Segregation Study on Donut Shop
If a Cost Segregation Study had not been performed on this $989,700 donut shop located in Chester,Virginia that was purchased in 2016, it would have had first year depreciation of approximately $25,300. Thanks to th...
Jessica Furnell
Rent for additional parking spot
Hoping to get advice from the experts here...I own a duplex that has a large carport directly behind it. It can easily accommodate four cars. We currently have one tenant using one spot and we rent a spot to a neighbo...
Account Closed
My retirement plan is no good. Looking for advice on 2nd plan.
After being retired for almost a year ago, I realized that my original post-retirement plan was no good. I would have to sell one of my two properties to reduce my living expenses and that is not what I wanted to do...
Al Nelson
Adding new tenant to current lease
My current tenants wants to add another tenant to their lease. This is a first for me. Not sure how to go about it. If they pass the screening, do I just put in and addendum? Do I increase the rent or the deposit. Fee...
Mariah Pierce
Renovation Contract Obligations
When renovating with a 203K loan, are contractors obligated to get the allotted amount for line items? We had a line item that was completed for a third of the amount estimated but he is saying he should get all that ...
Julio Gonzalez
Cost Segregation Study on SFH in Miami, FL
If a Cost Segregation Study had not been performed on this $595,685 single family home located in Miami, FL, it would have had first year depreciation of approximately $22,000. Thanks to the Cost Segregation Study, ...
Gerry C.
Ask tenant to get Insurance
Should we require our tenant to get a insurance policy? Any suggestion to a new landlord.
Julio Gonzalez
Cost Segregation Study on Small Residential Condo
A cost segregation study was performed on this residential condo in Herndon, VA purchased in 2017 with a depreciable cost basis of $151,518. The condominium is 1 story and 1,333 square feet and was constructed in 2016...
Julio Gonzalez
Cost Segregation on Condo
A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870. The condominium is 2 stories and 6,540 square feet with 8 units and was cons...
Clinton Ransom
Insurance for Owner-Occupied Duplex
Hey everyone, I recently acquired a duplex that I'm house hacking (renting out top unit, living in bottom). Does anyone have any tips or pointers for things that I should want in my homeowner's coverage?I'm mainly tal...