Mike McCarthy
Changing Heat - Who pays?
Just purchased a 3-unit multifamily with a single boiler heating system. I'm changing over to mini-splits for both heat and A/C and I couldn't be more excited to put that cost with the tenants and give them control o...
Michael Tucker
Is this a good deal?
I'm looking at a buy and hold property. It's a 1900 sqft. 4 bedroom 2 bath house (built in the 50's) with an attached mother-in-law suite that has one bedroom, a kitchen (converted garage), and a bathroom. I think th...
Michael Standish
Office Building comps/analysis
I’m evaluating a commercial deal in my neighborhood and need to insight into analyzing the deal and finding comps.Summary:Off-Market Deal - 4 unit office spaceEach unit approx 825sqft Currently 75% occupiedAsking pric...
Jerry Rubinow
How does net operating loss figure accounted?
As someone in the process of setting up a vacation rental, I'm trying to understand how net operating loss works with respect to whether or not the property is considered a "home".Let's say I put $15K into the house r...
Gerald Thompson
Tax Question for Home and Sewer Inspection for Rental Property
Can you write off the home and sewer inspections and appraisal costs for a rental property? If so, do you have to add these expenses to the cost basis of the property or can they be fully deductible?
Thanks,
Matt Lefebvre
What rule of thumb do YOU use to calculate maintenance expenses?
I've heard a lot of conflicting advice over the years on how much to "estimate" maintenance expenses for when doing a quick analysis of a deal. I've heard things ranging from "15% of gross rent" to "$2 per square foo...
Jack Moran
Market Rate Housing that Cash Flows
I've been looking for some bargain properties that would fit a BRRRR. I haven't found much, but have noticed a handful of properties already in pretty good condition in my market that would seem to cash flow.
I r...
Jesse Kleiber
Current Painting Pricing
Hello all, wondering if some would be willing to share what they're paying to get rooms painted these days. Had a tenant abruptly move out and they decided to sloppily paint several rooms. Will need to repaint walls/c...
Garen T.
Expense tracking google sheets with CPA output?
I own 3 rentals (1 SFR and 1 duplex) with another duplex coming on this year. I've been tracking income and expenses on a very simple Google sheet which separates things into the different properties. This week I sent...
Omid Rabbani
Business value
What is a fair price to sell an owner absentee business that shows 85,000 a year in profit and 325,000 in yearly sales?
Thanks in advance