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.
26 January 2026 | 10 replies
If they can, just make sure all items are documented on everything!!
24 January 2026 | 10 replies
Hello,Unfortunately kids are a delicate issue.
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.