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50% / Itemize
Operating Expenses seem to be a big shade of gray for investors. Especially for a newbie like myself who has never run an investment property. Do the vets recommend itemizing expenses when running a cash flow statem...
Scott W.
Depreciation items
I had to replace some windows for my rental last year. Believe it or not, I couldn't find much info on google except the IRS website had a Q&A stating windows must be depreciated over 27.5 years! I thought, "Since...
Sam Leon
abandoned items
OK, I got a Winn Dixie shopping cart left on the front lawn.None of the tenants know anything about it.Closest Winn Dixie is over five miles away.What do I so with it?Keep it for now, and next time there is a tree pru...
Paul Salmela
Maintenance Items
In the past few years I have purchased several rental properties (up to 19 now). Most of these properties are townhomes so I’m typically not responsible for most of the outside items. I have started to compile a ch...
Mary Jay
List of maintenance items/cap ex items, etc...
Hey guys!What kind of maintenance do you do on your rentals?Lets create a list for maintenance (do these monthly/yearly) :1) change Furnace/AC filter2) change fridge filter3) get a guy to move the lawn/get rid of snow...
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Common Rehab SKU's / Item #'s - Lowes / Home Depot
This is my first time on this forum.
Just a quick background, I just purchased a 2-family home, I intend to live in one unit, and rent the other unit. My goal is in two years, depending on the market, either "flip" th...
Mustafa Abdulali
How enforceable are items in the "additional items" section?
I’m interested in purchasing a home and had my agent put into the contract that the following items must be either repaired or a credit given for repairs (we noticed these items during the first showing):"Contingent o...
John Thedford
Replace A Front Door: Expense Item Or Depreciable Item
Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...
Val J.
Itemizing Contractor Cost
I'm thinking of having windows installed in a rental property. The contractor has quoted me a price of $5500. He's asking me to pay 50% up front and the balance when the job is finished. He told me he wants the 50% up...
Luiz Souza
Items Left Behind
I am curious to know what you guys do with the items that remain in the house after you purchase it; i.e. refrigerators, ranges, microwaves, etc. if they will be replaced in the rehab process but are still usable. ...