Spending money on improvements increases your cost basis, which lowers your taxable gain, but it doesn’t change the exchange rules.

A couple of thoughts on this:Bonus depreciation is available on improvements and capital expenses with a useful life of 20 years or less.

AI, predictive maintenance, smart home features, and digital tenant experiences are rapidly becoming expectations, not perks.ESG / sustainability is getting baked into everything — energy efficiency, green building, wellness, tenant comfort.

In other words, the consumer is the economy.Personal consumption (PCE) spending was up 0.3% gain for the month, putting the annual PCE inflation at 2.7%, and up 2.9% (up .2%), excluding volatile food and energy prices.

HVAC: Is the ROI high enough to justify installing high-efficiency furnaces/boilers over standard units in a mid-range flip?

Yet, older homes carry risks like hidden defects, outdated systems, and higher insurance costs.Current trends show a shift in tenant expectations toward energy efficiency and smart home features, favoring new builds.

So, much more efficient to direct inquiries to your website and use software to schedule showings.

People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!

Winter is creeping up, and for those of us managing older multifamily buildings (especially the pre-war stock with steam radiators), heat season is right around the corner.One small, inexpensive improvement I’ve been testing is retrofitting radiators with covers.Here’s why:- Safety: Tenants with kids or pets don’t have to worry about burns.- Efficiency: Covers with reflective backing help direct heat into the room instead of into the wall.- Aesthetics: An old clunky radiator is rarely the best look.

Any "improvements" they make stay with the house, of course.