All Forum Posts by: Corey G.

Disregard, I found a company for a reasonable price. 

I have a rather large tree in Mesa AZ that I think is dead and it needs cut down or at least trimmed so it's safe from falling. The companies I've checked with wanted thousands of dollars to cut it down. I'm not sure if that's the going rate but it seems kind of expensive to me. Anybody got a good recommendation on a company that will cut a tree down and not cost me an arm and a leg. 

Sure Mason, I'm interested. There will be some need for city approval though so as long as that's something he can work with me on that would be good. Feel free to DM me his information.

Thanks I'll check with them. I actually have two jobs, one panel doesn't need moved. It's just for a duplex so probably comparable. I'll give them a call to check. 

Hi guys, I'm in need of a good electrician in Phoenix AZ that doesn't price gouge. Now I understand that electricians aren't cheap, but there is no way a few hours of work should cost over 20,000 dollars. I need an old electrical panel moved and the panel updated/replaced. I checked with parker and sons and they were outrageous. Got some recommendations from a few others but the electricians that were reasonably priced were never available or flakey and didn't do the job. I need someone reasonably priced that will actually follow through. 

I think it shows near my name but I forgot to mention I'm in Phoenix AZ

Hi guys, my handyman has been having some recent heath issues and so I'm looking for some recommendations on someone (or a company) who can do a little of everything for a fair price. My apartments aren't high end so I've steered clear of the expensive contractors typically unless it's big or specialized jobs. I'm looking for someone who can do a little of everything. My latest project consists of a small kitchen/bath remodel, paint, and tile. 

@Natalie Kolodij thanks. I read something about that but it was confusing on how to specify/ determine whether the rental rises to the level of a trade or business rather than a passive investment. 

 I didn't mean a 6 hour time frame per-say but typing a text takes about 30 seconds. Sending it and waiting for a response may be 5 minutes or 30 minutes ..or 6 hours. A quick text conversation may be 10 texts over 10 minutes. I guess I am trying to figure out what is reasonable? Is it only the time it takes you to physically type the text and the time it takes to read the text? So in the example of ten texts over 10 minutes...would that be 30 seconds to text and 30 seconds to read for a total of say 5 minutes? or would 10 minutes from the start of the conversation to the end be appropriate? 

I am doing my taxes and had a few questions about QBI. I own 16 units (4 Buildings) and manage them myself. I have maintenance done monthly and repairs come up all the time. I am coordinating the repairs, sometimes doing them myself, and actively managing everything that comes up. From my understanding there are 3 main components to be able to take this deduction. 

"Separate books and records are maintained to reflect income and expenses for each rental real estate enterprise."

"250 or more hours of rental services are performed annually with respect to the rental enterprise. Note that these hours of service do not have to be performed by you personally."

"The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, for: (i) hours of all services performed; (ii) description of all services performed; (iii) dates on which such services were performed; and (iv) who performed the services. Such records are to be made available for inspection at the request of the IRS. The contemporaneous records requirement does not apply to the 2018 tax year."

1. That being said, I do keep separate books with rental income and expenses but I think I need to be better with showing purchase dates and where expenses get charged. Like "balancing the books" like we did in accounting class. I forget what that is called.

Example: Purchase home depot for 60.25 / Citibank credit card charge for 60.25 = equation balances. Is that necessary or overkill?

2. I'm pretty sure I have 250 hours total across all properties but need to document it. Most of the tenants reach out to me through text message. How would I calculate the time I spend on this activity? I'm thinking from the start of the text until the end of the text thread that same day? Does that sound reasonable even if the actual texting part is quick but it takes the tenant a long time to text back?