Jack H.
Adjusting the tax depreciation basis???
I purchased a property at the height of the market in 2005. We lived in the property for 5 years and started renting it in 2010. Original price was $445k but in 2010 they were going for more like $360k. My tax guy tol...
CP Chou
Looking for a San Antonio agent with strong STR knowledge+exp
Hello San Antonio,I'm looking for a very "in the know" agent who knows the Airbnb scene in San Antonio and can help me learn any local regulations and buy legal, code/bylaw compliant STRs in the SATX area. I have this...
Lynn Z
Short lease, long lease?
How complex are your leases? Do you amend and try to cover all of the horrible stuff that needs to be added with the next tenant? Do you ever change your lease if the prospective tenant objects to some language in y...
David A Smith
Michigan Condo Master Deed?
I have lived here for over 14 years. What a mess living here with a loose rules and descriptions in the By-Laws. We have 32 units total and 12+ are rentals. We have 4 board members that are the landlords. Drain pi...
Bobby R.
DC Area Tax Preparer
I have yet to do 2014 taxes (multi-state W2s, rental property) as well as 2015. My last tax person, an accountant, was not taking depreciation for the rental.I met with a company that would do both years for $600, an...
Rick Bassett
Simultaneous (same day) 1031 Exchange Question
I did 2 transactions on the same day about a year ago of like rental properties. I sold a 2 bedroom SFH for $200k and later that day we closed on another 2 bedroom SFH for $180k.We paid federal, state capital gains as...
Rob Arthur
More STR regulation efforts in Salt Lake?
Long-time podcast listener, first time to post here. I came across this article about the recent Salt Lake City Council budget amendment that includes money for the city to monitor STRs via some type of software. As a...
Bob Foglia
Colorado Commercial lease
I have a general lease question regarding the enforceability of a clause. Let me condense this as much as I can... I'm happy to elaborate if needed...Scenario:Two partner, member managed LLC... Partner 1 signed origin...
RaSheila Smith
Withdrawing an offer but still interested
Hi,
I've placed an offer on a property I'm VERY INTERESTED IN due to the phenomenal ARV. The listing agent had over 30 photos of the property and I drove by to look at the exterior a few times. When I spoke with th...
John Williams
Tenant's friend to install electrical line/car charger
Hi, I have a trustworthy tenant who is interested in installing a car charger. The unit is in a large, multifamily complex with subterranean parking. The assigned parking spot is nearly 300 feet from the electrical ro...