Brandon Heimsoth
Repair/improvement and Safe Harbor rules
Newish landlord here. I have a couple items that need fixing at a property I'm managing myself and I'm wondering about the tax implications since they are higher ticket items.Item #1: The drivewayI got cited for a c...
Heidi M.
Tenants claiming they paid a deposit
I purchased a house with existing tenants. They were also existing when the previous owner purchased the property in foreclosure. I have mine and the previous owners leases that say there was no deposit paid and ...
Account Closed
Using Podio For Lead Management
Hey All,I know there's been a lot of posts about podio in the forums and I haven't been able to nail down exactly what I'm looking to do yet in the posts that I've read (there are a LOT so perhaps I missed it).If ther...
Stephen Brown
What are your general guidelines for expenses?
Hello all,I know that expenses vary on several factors and are different for every property. For example, you got to call an insurance agency to get a quote, rehab and maintenance will be different based on age, size,...
Derek Rice
Is it Tax Deductable? Menards Rebates used to buy supplies.
We recently had several Menards home improvement stores open in my area and they are awesome! I tend to get business items there for about the same price as anywhere else, but if you time their ads, they send you reba...
Lucas Ayers
Cost Segregation & mild rehab - same tax year
Greetings,Can I purchase a property, get a cost segregation done & then do a mild rehab and replace some of the 5-year items in the cost segregation and get BONUS depreciation on both the old and new? this is all ...
Shawn M.
Final Walk-Through
Yesterday was my tenants last day in the unit. We are meeting today to do a walk-through of the unit to confirm their is no damage and it has been cleaned. Is there a form you use to conduct the walk-through. Any t...
Victoria Hartley
starting up an Airbnb STR
What's the first steps do you take after purchasing your first home to turn it in to an Airbnb?
Alex Ballesteros
Estimating Rehab Cost in Los Angeles, CA
I am currently reading "The Book on Estimating Rehab Costs" by J. Scott and it is a great source of information but i believe the book was published in 2019, and a lot has changed since then especially increased pric...
Vickie Bruce
Leftover belongings after lease ended 3 weeks ago
My tenants moved out at the end of the month because I would not renew their lease. Problem is that they left lots of things that they say they want, but have not come back for. New tenants are asking what to do with ...