4 February 2026 | 6 replies
I work with tons of new investors as an agent and when we are putting together a proforma, it's pretty easy to estimate the cost of most capex items and approximately when they'll hit.
4 February 2026 | 14 replies
The rest are a couple hundred bucks per invoice or ~$1k (labor) I don't have the invoices to review, however if each invoice is for a SEPARATE job (and itemized/below $2500), then yes generally you can expense under the de minimus safe harbor.
16 January 2026 | 0 replies
Asking for itemization sounds smart, but it usually backfires.
5 February 2026 | 5 replies
I renovated a unit and it looks like it doesn't make sense to depreciate the costs over 27.5 years since the amount is somewhat small. Am I able to immediately expense costs like new flooring, shower tiles/flooring th...
13 February 2026 | 10 replies
The notice should clearly state:That you believe the property is abandonedWhere it can be retrievedThe deadlineThat it will be disposed of if not claimedYou can usually box and store items to clean and prepare the unit — but document everything:Take detailed photos before touching anythingInventory itemsStore them in a reasonable mannerDo not immediately throw things out unless clearly trash.
3 February 2026 | 5 replies
For each line item, generate your best estimate based on your own knowledge and basic research.
14 February 2026 | 6 replies
Don't forget that all the properties you did these things for on properties you didn't make offers on, and the ones you did but the deal didn't happen, are ALL part the work done for this deal.Now, put a number value, from 1 - 10, on all these work items.
15 February 2026 | 12 replies
If someone managed a LARGE number of units, they might do calculations as you suggest for the MOST COMMON Cap ex replacement items and use those numbers as some kind of guide.
10 February 2026 | 4 replies
The site can be confusing but you can use this step by step guide to help you through the process.Step 3: Get Internet Research available internet services in the area (most common will be Google Fiber, AT&T, and Spectrum)Step 4: Transfer Electric, Water, Gas, Trash service to your accountThe most common utility companies will be:CPS - Electric, possibly trash and natural gas as wellSAWS - waterGrey Forest Utilities - possibly for natural gasTiger or Metro Waste - Possible for garbageCall the utility company and request to start service at the new propertyStep 5: Set up furnitureMonitor Amazon shipmentsMonitor other shipments for furniture Once all furniture has arrived, schedule a TaskRabbit furniture assembler to assemble all the furniture and open all boxes or do it yourselfOnce everything is unboxed and all items are assembled, schedule a Thumbtack Trash Removal Company to take the trash away (there will be a lot!)
9 February 2026 | 24 replies
Paint is a depreciating item, and once a tenant has lived in the property for a full lease term, some level of cosmetic wear is normal.Small drywall dings usually fall into the same category.