Been out for a while.. LOTS going on w Dad.. a little down. my speech (stutter) has taken a major turn for the worse.. and working on other stuff.
Anyway.. a good accountant is worth their weight in gold.
Worked with accountant (took some time) as this year was A LOT (lost the 2 flat, and refinanced my house twice after buying it in a hard money deal) and got a great refund coming.
Anyway.. refund $13,568. Crazy!
$4500 goes to the Roth IRA
$1000 wil go to regular investments (taxable)
Much (if not all) of the rest will fund this years 6 homes/3 units improvements.
We are working on tenants for both the 3 units places and will firm up tomorrow likely.. the 2nd person we were tossing moved on her own. Both have tentative move in dates of May 1 once signed.
Hopefully no vacancies there in a while! (but still have 2 more rents to raise)
Expecting the S8 lady to move out end of May .. along w the short term lease lady. so will have to fill 2 homes this year. Section 8 people generally stay a long time so when this one moves (7 year tenant) we have some updating to do and then hopefully can get another long term tenant. We took the short term lease lady because her lease bridged the gap between a bad time of year (winter) to early spring setting us up to re-rent it well to a longer term person. Also she paid like $300 more a month.
this is a BIG year for turnover though! Costly
and all the same time of year.
Hopefully next year will be much less.
A good acountant is worth their weight in gold! Tax refund and homes updates