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I bought a lot, and planning to build a new rental property. How will I depreciate the property?

The real estate (land) is not depreciable. What will be depreciable is the entire cost of the building(s) you put on the property, once they are put into service (made available to rent). The building would be depreciable over either 27.5 years if residential or 39 years if commercial. This is the simplest answer. There can be other considerations to depreciate some appliances or other items like that over a shorter period of time, normally 7 years.

Thing is my parents rented a car. But you must be 21. I have a school function thing that is like 3 miles from my house. They are thinking of letting me use the car. I know i will not cause an accident, i am just afraid of someone hitting me and the rental company finding out. Should i just take the car anyways? By the way i am too young to drive the car
are you retarded?
I have a valid license and valid insurance, just not old enough to drive it. Plus i dont drive like an asshole, and do not speed.

If you are not 21 don’t drive it. If anything happens to the car, the insurance will be null and void and your parents will be responsible if anything happens.
Seriously, don’t do it, it’s not worth it.

I own a rental in canada. And I am considering remortgaging it in order to get enough capital to outright buy a rental in florida. Can this be done?

Sure, if you have enough equity in the Canada rental.

I’m thinking of buying a rental, but I don’t want to hassle with renters, etc., and I’m wondering what it usually costs, and what all they do?
For instance, if my renter calls to report a leaky toilet, do I get the call & set up a repairman, or does the management company do that?
(obviously I realize I pay for the repair…)
I’m in California.

10 % + is the going rate. There are management companies that do nothing but manage. They handle everything. Might be a good way to go if you are new to the whole landlord/tenant process. There are real estate companies that do this also (some even specialize in this). And do remember, that everything is negotiable.

I’m considering a little Memorial Day gateaway to Miami or West Palm Beach, so I would probably need a car to move around. Any suggestions which car rental company has good rates? Thank for all your answers.

Give CarRentals.com a try – http://www.carrentals.com they will compare the rates for the various services and get you the best deal.

Hope this helps!

I am moving in two weeks from Detroit to Dallas. I want to rent a 17′ truck and tow my car. What is the best truck rental company? Does any one have a U-Haul discount code?

For the pick-up date I used June 25 2010. All prices are from Detroit to Dallas. PRICE DOESN’T INCLUDE TAX, FEES, INSURANCE OR CAR CARRIER.
For price of car carrier contact the location you would rent from or look it up online. I didn’t know what kind of car you had.

Budget
Includes up to 5 days and unlimited miles
16′= 1394.10

U-haul
Includes up to 6 days of use and 1437 miles.
14′= $1,555.00 17′= $1,620.00

Penske
Includes up to 6 days and unlimited miles
16′= 1481.00

How do you get approved for one? Do I have to show income thats enough to cover both payments? What percentage of my income can it not be over? Or do they take into account the future rental income?

The bank will sort of treat you like an investor rather than a homeowner. Therefore they will want a bit of detail from you as to what you expect to be able to charge for rent, and any expenses that might come up. Having an estimation of your rental income and expenses will help you (and the bank) get a clear picture of your return on investment and in other words the safety of the bank’s loan.

You will need to know what your expected rental income will be because that will need to be higher than what the bank will charge you for interest and principle payments otherwise you will be paying money to have income rental property (which doesn’t make any sense really).

If there are tics, roaches and bed bugs in the apartment and a request have been given to the rental office numerous times to come spray and no response, what do i do?
Two little children live there as well!

There are rules that are specific to each STATE.

Your State’s Housing Division has information about the tenant-landlord rules concerning canceling a lease for Health-Safety concerns like yours.

The most important thing is that you MUST maintain a paper trail. Write to the Landlord explaining the problem in detail and ask them to fix it in 30 days. Keep a copy for yourself and send it with PROOF OF DELIVERY!!!

Then contact your local housing dept. for help if they do not remedy the situation.

You can never win if you just called the landlord on the phone. You have no proof that you notified them formally.

Also, keep copies of any doctor reports that you received for treatment of bedbug bites, etc.

You may call in an exterminator for an "evaluation" to identify what infestations you have and the report will be considered an expert opinion that is from a neutral party.

In some States, if the problem is an emergency health problem you can pay for the treatment yourself and then hold it out of your rent payment with a copy of the receipt with it.
But, check with your State first.

We are relocating near San Mateo and are having difficulties finding a rental home in the area. Aside from Craigslist, do you know any other resources we can look at? We are not looking for an apartment and have a dog. Thanks and Happy Holidays to all!

Craig’s List is kind of the standard here in the Bay Area so is by FAR the most comprehensive source. If you’re having trouble finding anything that looks good on CL, you’re not gonna have much luck with any other source. That said, SF Gate: http://www.sfgate.com/homes/ has some stuff for San Mateo, and Rentals.com: http://www.rentals.com/California/San-Mateo/ has more.
If the issue is finding something with a dog, keep in mind the Bay Area is awful when it comes to "pet-friendly" housing. It’s total BS, but there are always ways around pet restrictions (just ask)…

If a rental car is registered in FL, and then 1 year later it ends up in CA, does the rental car company re-register the car in FL, or do they just throw the plate away and register it in the state where it happens to be when the registration expires? Registration fees vary widely from state to state so they could probably save a ton of money if they could register them in a state where the fees are low.

they all have a home base, or state………