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Post by charliereathes on Dec 27, 2020 14:40:20 GMT 3
While its easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate. The turnover process involves a thorough cleaning, changing the locks, painting the walls and possibly new carpet or small repairs, not to mention all the effort associated with marketing, showing , screening and settling in a new tenant. This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for.
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Post by tracyloothes on Nov 22, 2022 4:25:35 GMT 3
Depreciation can be a powerful tax strategy when used effectively and under the right circumstances. You do not have to pay anything in order to claim a depreciation expense each year, as you already own the asset.
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