Letters: Increasing lawlessness; a landlord's view
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Since: Feb 11
#1 Jul 28, 2012
"As so often happens, the media will report the truth -- but not "the whole truth and nothing but the truth," as the saying goes.
Fair is fair Mr Alderman...
You fail to mention that you are not completely out the $16,725
you spent for repairs, and in fact I would be willing to bet
that at tax time this figure would be reduced to 20% of your cost
For starters you can deduct up to $25,000 a year for rental losses
if these units were vacant during your "Spruce Up" but were still being marketed, 100% of the cost of all repairs made to include paying the contractor, 55.5 cents per mile for your travel and standard property depreciation just to name a few.....
You have increased your rental fee to give you an additional $3480 per year to recoup your immediate losses over a 3 1/2, 6 year respectively is a true fallacy at best wouldn't you say Mr Alderman??????
I also find it hysterical that in this day and age, that you are including "HEAT" as part of the rent.... I'm going to assume we're talking fuel oil, a commodity from hell, which you give free rain to the tenants to control, BAD MOVE Skippy..... If you want GOOD tenants, you have them pay fuel and electric.... It also uses the utility companies as your credit check on future tenants... If the utility company turns them down it's an automatic flag for you to do the same..... But like the rest of Bennville, you're probably behind the times and this duplex is wired with one service meter and one furnace to heat both sides, correct????
Don't forget to deduct the cost of that 8 mill plastic you use as storm windows during the winter....
Since: Feb 11
#3 Jul 28, 2012
"I live on the Batten Kill river and have witnessed trashing of the river, blockage of roads and bridges, terrible profanity, underage drinking, public urination and nudity, and deliberate intent to cause serious injury."
Not to worry granny, I only visit Vermont a few times a year.....
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