It seems like they have a newer and better "jerk the host around" policy every couple of days.You get what you tolerate.VRBO is no better, and will almost certainly copy this in the coming months.VRBO and Airbnb take turns coming up with jerk the host around policies, and then the other one copies it.Remember, VRBO are the ones that invented charging fines to hosts beyond even the max refund amount, which is pretty much the most brutality punitive policy in all of business and something no other business would accept.Imagine if waiters had to pay a $2000 fine for spilling a drink on a diner. 

Hi all, My eviction attorney told me something interesting: that if I send a tenant a lease renewal with a rent increase, the renewal must also include a notice to vacate — otherwise it’s not legally valid and is basically worthless.The reason I’m confused is because the official lease software I use (which is supposed to generate legally compliant leases) does not include any notice to vacate when preparing a rent increase renewal.

If this is Net after operating expenses, it is likely good that you got a cost segregation study as it will likely wipe out your income for a few years.If the $125,000 is gross and does not include your operating expenses, I prolly would not have gotten the cost segregation study as the $125,000 will be wiped out by operating expenses and normal depreciation.Best of luck!

The new wire fraud charges center on alleged schemes to obtain and utilize pandemic assistance funds from the Boston Resiliency Fund for purposes not disclosed to the City, including for their own personal benefit, as well as to fraudulently obtain rental assistance payments from Boston’s Office of Housing Stability.

Insurance protects your property when the sewer/water lines backup or get clogged, and actually spill back into the house causing resulting damage and expensive cleanup. 

His PM spilled the beans on everything without knowing he wasn't helping his client by over communicating Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It doesn't seem like ethical behavior on part of the relator.I would get cost of professional remediation including HVAC system to see what rehab cost would be. 

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

No shut-off valve in the unit (of course), so water starts spilling fast.Contractor rushes to shut off the main valve for the entire 40-unit building… and just like that, no one in the building has water.We call in a commercial plumber, who shows up a few hours later, opens the valve box, and drops the bomb:“The 4-inch main shut-off is completely rusted and leaking.

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that land itself is not depreciable.