Mallory Guerrero
Rental Questions for newbies
1.) what do you do with tenants requesting every little thing fixed? Even stuff that was not aesthetically pleasing when she looked at the property but now wants it fixed?
2.) how prompt should property management be...
Hoang Nguen
Question about depreciation for remodeling of rental house
Dear All,I added two more rooms to current rental house. The remodeling was finished on November 2017 and Tenant moved in these two rooms on December 2017. Below is the list of items in the contract with constructor.C...
William Arrington
Tax write offs and depreciation
I am closing on 2 AIRBNBs and have started buying the things they will need. The question I have is... Will I be able to write off and depreciate the items since I technically do not own them for another week or 2. ...
Brian Schlosser
Game room tax write off (str)
I own a few short term rentals and I am in the process of purchasing another. This new property has a great area that I would like to use as a game room. I am familiar with bonus depreciation when purchasing and fur...
Dawn Hall
Capital or Expense?
Are the following items considered capital items to depreciate or expense for tax purposes?
- Hot Water Heater
- Blown-In Insulation in Attic
- A New Front Door
We also bought a lawn mower and tiled one of our apart...
Eric Telese
What does an appraisal take into account?
Hello BP!So I have a property that I am close to contract on. The seller is getting it appraised now and should get it back within the next day or two. I’m trying to figure out if the appraisal will cover big ticket i...
Fred Stevenson
Allowable tax deductions
I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
Greg C
california ,, tenant dies horader
my tenant dies,,,, his place is packed with lots of stuff some valuable stuff most of it is trash, cars motorcycles etc mostly old broken apart vehicles,, contacted the daughter told her the month to month rent is pai...
Joshua Kidwell
Can Someone Explain How to Better Use Lowe's QSP Aka "Pro Desk"
Went to Lowe's on Friday and got a Quote from the Pro desk. Buy about 150SF of Tile With the QSP Price of 3.73each (13% Off). Go Again on Monday Some of my tile is on clearance 50% off so I Get all they have and use a...
Matt Meier
Wholesale Secrets for Flips and hold
Hello,I just landed my first multi-family property and one of the units is going to need some TLC. I will be looking at vinyls floors, new cabinets, countertops, windows, doors and bathroom redo. Does anyone have any ...