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Hello! I currently own a Duplex which I have had for almost 2 years now. It has come to my attention that apartment A has a much higher electric and gas bill than apartment B. Unit A also has far less tenants than Uni...
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Ok, so one of my BRRRRs is a condo in a complex that consists of 16 buildings that each have 4-5 units within them. There’s a long, twisted road of lack of communication, a “property manager”, a tenant (not mine), a l...
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Hi all, Just last week I closed and acquired my first rental. Its a 3 flat in Chicago, I will be moving in soon when the next lease is up, but since I've closed the water heater hasn't been starting back up occasional...
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Recently, one of my mobile homes has had several plumbing issues. 1st pipe burst underneath. I fixed it quick with a Sharkbite T. Then a line on the water heater that goes to the PEX also busted. I sent my dad over th...
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I’m considering a capital improvement on my five unit building which would primarily yield on the expense side Specifically I am considering converting my oil steam boiler and hot water heater for the entire house to ...
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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...
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Hello colleagues,The fire Marshall recently conducted a review of an 8 unit, 3 storied old building in Palo Alto, CA that I manage.He has specifically called out for several corrections. In particular I am seeking he...
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Hello biggerpockets community. I just recently purchased my first house hack, a 4 unit (2 floors- 2 units front and 2 units rear) building in the Belmont cragin area. The property has two gas meters. 1 for the 2nd flo...
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Hello Friends,I recently bough a property in a suburb of Cleveland (Wickliffe) and we had to replace 3 radiator valves on the second floor since they were malfunctioning and there was no heat. It has a Gas bolier 95K ...
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At our rental property (single family) in San Diego, we have a water leak under the floor. The flooring needs to be pulled and pipes need to be re-routed. This will inconvenience our tenants for 1-2 weeks. They are...