All Forum Posts by: John C.
John C. has started 3 posts and replied 14 times.
Post: CPA Won't File Correct Amount of Depreciation
- Investor
- Paramus, NJ
- Posts 14
- Votes 5
I talked to my CPA today and found out she wont file the correct amount of depreciation on my tax returns unless I show her all the receipts to corroborate. I own 6 properties and all of them have capital improvements when I purchased the properties 4 years ago. However, she insists she will depreciate SOLELY based on my purchase price of the properties but not the capital improvements unless I show her every receipt for the capital improvements. I have the receipts at home, but my question is, shouldn't a CPA take your word for it first, then I should produce the receipts to corroborate it if I'm audited? I'd like some input from the community here. Thanks!
Post: Getting the STANK OUT of a Rental Property
- Investor
- Paramus, NJ
- Posts 14
- Votes 5
Thanks for the advice everyone. I guess the most viable options are to Kilz everything and/or use an ozone generator. I might just have to buy one off Amazon.
Post: Getting the STANK OUT of a Rental Property
- Investor
- Paramus, NJ
- Posts 14
- Votes 5
Originally posted by @Michael Boyer:
Michael is right... it is worth a try to tsp, rinse, then kilz (I would use old school oil based with respirator) or shellac seal the walls.. Then repaint. If there may be some of the you know what in the floor molding, pull that and tsp and use a stain poly in one. Then replace it. I would try to retain the floors but last resort smells may have seeped into the subfloors depending on the type of dog waste and any gaps or transitions. I am also concerned the extreme odor can seep into materials like the ceiling tiles, but would try the wall treatment first. Also, Tsp and rinse then poly stain all the wood, too, like cabinets, doors, etc..You are basically cleaning and sealing about everything in this smell stopping recipe. It is labor intensive but not that expensive materials wise ....message me for more application details.
Michael, What do you mean by "tsp"? What does that stand for?
Post: Getting the STANK OUT of a Rental Property
- Investor
- Paramus, NJ
- Posts 14
- Votes 5
Hello Everyone,
I recently evicted a tenant that regularly let pet dog poop inside the apartment EVERYWHERE. When we were clearing out her apartment in front of the sheriff, there was literally dried dog poop every foot or two.
We have cleared out the apartment, but there's still a slight poop smell existing. I have ceramic tile floors throughout the apartment, regular white latex-painted walls, and drop ceiling tiles on the ceiling. I've cleaned the ceramic tile floors twice - once with bleach and once with vinegar solution, but the smell is still there.
Has anyone dealt with smells before (smoke, feces, etc)? Any suggestions, guys?