All Forum Posts by: Philip Johnson

Can someone else chime in here please? There's not enough replies. I have a 3500 sq foot mixed use with 500 sq ft of commericial 

 Who you know that does 5.5%? 

bump, can someone else chime in please? 

Popcorn ceilings  must go. 

knockdown walls looks good if done properly and hides flaws. 

orange peel walls is disgusting and lazy. 

santa fe finish on walls and ceilings  is modern and a nice meet in the middle between smooth and knockdown. 

smooth walls pays for itself. Smooth is modern and high end. You can charge $25 extra for rent which pays for itself and any touch up needed. Expect dings and dents but most will be at or below waste level from kids.

smooth on ceilings is the way to go. It will never get dings or dents. Spend some money and have beautiful ceilings forever. Smooth ceilings with knockdown walls is a nice combo. 

if you go smooth use all purpose, not light weight topping. All purpose is stronger. Silica can be added for extra strength  

 Hey what do you do to automate the repairs not covered by ahs like a door or cabinet for example ? Does tenant cloud do anything like this ? I love AHS ! It's like free labor well in terms of my time at least. 

 Thanks but this one is outdated. I think a new discussion may prove useful to everyone. Now that everyone who didn't pay is actually past due. 

Who didn't get rent (officially now that it's the 6th). What are you doing about it. I was 7/8. Considering my approach for the one late tenant. 

@Michael Plaks thanks, I imagine the value of the carpet I imagine will be quite low.  

By the way for anyone reading this, in the new Trump tax plan, you can frontload about 20-30% of your depreciation to the first year of purchase, if you have a "cost segregation study" done on your property, including SFH.

Hi, I am getting my cost segregation study and need to know how to report this in my taxes.  Any help would be appreciated.  I have an idea of how to do it: 

-lump the 5 year items together in the assets worksheets, depreciate as needed and select bonus depreciation

-lump the 15 year items together in the assets worksheet, depreciate as needed and select bonus depreciation 

-subtract those totals from the structure value, so that I am not double dipping.  

Can someone chime in about reporting cost segregation study findings in the tax forms? I imagine that I would go into schedule E and report the 5 year items lumped together, the 7 year items lumped together, the 15 year items lumped together, and then subtract that from the 27.5 year MACRS items to get my total? Or, would it be better to itemize each finding in the Assets Worksheets? Any help appreciated!