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Updated almost 7 years ago on . Most recent reply

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Glen Michael
  • Mobile, AL
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Tax lien properties in Alabama

Glen Michael
  • Mobile, AL
Posted
I have a taxpayer that wants to redeem basically I have cut the grass a couple of times and sprayed the yard with Permethrin poison to kill the fleas and roaches and ants and other bugs and have cleaned up the property extensively because there was trash everywhere and it was kind of overgrown how do I charge for this if I'm charging for the value and not the cost

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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
Replied

@Glen Michael, sometimes the value is the cost. For things like routine lawn care and preventive maintenance, such as termite protection, the value is the cost.  If the investor did the work themselves, them it would be a reasonable labor rate to hire someone to do the same thing, plus supervision. In other words, if you can get a laborer for $9/hour, but you have to stand there and supervise him and also provide tools, that is not the right comparable expense. If a lawn service would charge $200 to do the same work, then $200 is the number.

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