Photoshop help with rental property
nutsaboutplants
10 years ago
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moonshadow
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rental property questions
Comments (22)I don't know if it makes any difference, but our 1031 adventures have all been within a separate trust that was established by my late mother, of which I am trustee with power to appoint. The trust sold one property. The trust bought a second property using 1031 exchange laws. The value of the property is now more than 12 times the base cost -- a very hefty capital gain even at the current 15% rate. I know we could sell and reinvest only a portion, and pay taxes on the rest. I know I could appoint this property out of the trust to, say, our DS and DIL or our DGS (age 2). What I'm wondering is if it isn't best to let them "inherit" the trust holdings. What I don't know is if they will also inherit the tax base or if the 1031 property resets to date of inheritance....See MoreRental Property Ikea Kitchen Decision
Comments (16)Have you considered the Applad white cabs? They are nicer than the cheaper white option and are slab fronts, so you get the contemporary look. They are still very well priced. We actually chose them ahead of the Abstrakt, which were $2k more, because there are fewer seams. IKEA is offering 40% off counters when you buy a kitchen there until the 28th, so check it out. A slab front white will always be a slab front white. If you need to replace doors on a run or even the whole kitchen 10 years from now, it is still ahead of the game from having to redo a whole kitchen. if a door needs replacing and the styles have changed some, you could also try putting a glass front on it if it is in a nice spot for that as the glass will minimize the differences. If not, you may be able to switch it with one that is in a nice spot for glass... Because they were more reasonable upfront, you can't go far wrong....See MoreHelp with curb appeal for rental property
Comments (1)Even if the landscaping is only for part of a view, one needs to comprehend the total view in order to know what would be appropriate for the part. Your pictures need to span the entire house and include space beyond to the lot lines at the right and left. To do this, stand in line with a central area of the house, about 25' to 30' away from it, and pivot the camera, taking slightly overlapping pictures from left to right. And post them all, not a computer generated panorama. Please post the pictures directly in the thread, rather than links to them....See MoreInsurance deductible on rental property - Is it a rental expense?
Comments (7)"I am an insurance agent (and own a rental property myself) and I have never heard of someone charging a claim deductible to the tenants as a rental expense. At the end of the day, if you own the property and damage caused by weather aka “act of god” then you are responsible for paying the deductible. Any improvements should be tax deductible though. The joys of property ownership! Hope that helps" Improvements on rental property are almost never tax deductible. Improvements increase the basis in the property. A rental expense is not a renter's expense. Traditionally, we think of rental expenses as expenditures that are tax deductible for rental property that may not be tax deductible on personal residences. I believe Bruce was asking about expense versus capitalization....See Morejoaniepoanie
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