Search found 3 matches
- Wed Mar 13, 2024 10:09 pm
- Forum: Taxes & finance
- Topic: Renovation Costs as Depreciation for Rental Property
- Replies: 7
- Views: 2055
Re: Renovation Costs as Depreciation for Rental Property
Thanks a bunch, MunichPanda, for the thorough explanations and links! That's incredibly helpful. I have one follow-up question. The property is currently vacant, and I'm thinking about renting out some or all of the units at a discounted rate – something fair for the tenants given the condition and ...
- Tue Mar 12, 2024 8:59 pm
- Forum: Taxes & finance
- Topic: Renovation Costs as Depreciation for Rental Property
- Replies: 7
- Views: 2055
Re: Renovation Costs as Depreciation for Rental Property
I own the whole building; it came with one tenant who has moved out. Just a garage is rented at the moment.
We could of course rent all 4 apartments before renovation if it had a big advantage.
- Tue Mar 12, 2024 8:39 pm
- Forum: Taxes & finance
- Topic: Renovation Costs as Depreciation for Rental Property
- Replies: 7
- Views: 2055
Renovation Costs as Depreciation for Rental Property
Hi everyone, I'm glad this forum is back up and running – it's been a valuable resource for me in the past. I bought a fixer-upper rental property a year ago. It needs a major overhaul, including new heating, insulation, windows, bathrooms, etc. The location (close to my home) and price were too goo...