Comments on: Pros and Cons of Owner-Occupied Duplex Living http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php "Are you sure you can handle managing something like that?" Well, there's one sure way to find out... Sat, 28 Jan 2012 23:22:11 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: landlady http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89929 landlady Sat, 28 Jan 2012 23:22:11 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89929 Hi! I can recommend the book <strong><a href="http://www.amazon.com/gp/product/1413311970/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=ibouadup-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=1413311970" rel="nofollow">Every Landlord's Legal Guide</a></strong>. It was a great help to me. Hi! I can recommend the book Every Landlord’s Legal Guide. It was a great help to me.

]]> By: Nathan http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89928 Nathan Sat, 28 Jan 2012 19:00:33 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89928 Thank you for your article. Is there a book I can pick up to educate myself? I don't know peep about realestate laws or loans. I'm not against hiring professionals when the times are necessary. But, I need to learn as much as I can before I start this important part of my life. Thank you for your article.
Is there a book I can pick up to educate myself? I don’t know peep about realestate laws or loans. I’m not against hiring professionals when the times are necessary. But, I need to learn as much as I can before I start this important part of my life.

]]> By: landlady http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89760 landlady Thu, 13 Oct 2011 13:34:50 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89760 Thea, I've not heard of a situation where insurance is shared between neighbors. Maybe you could look into getting out of this shared insurance situation altogether? Thea,

I’ve not heard of a situation where insurance is shared between neighbors. Maybe you could look into getting out of this shared insurance situation altogether?

]]> By: Thea http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89759 Thea Wed, 12 Oct 2011 23:10:39 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89759 I've bought my duplex last year.Last month we've received a mail saying that we have to pay our insurance,which we share with our neighbor.When my husband tried to pay our half, the insurance companies told him that it has to be payed with our neighbor and if he does't pay, we have to pay his part as well. My question is: Is it possible to pay only our half or is there other way to avoid paying our neighbor insurance every year? I’ve bought my duplex last year.Last month we’ve received a mail saying that we have to pay our insurance,which we share with our neighbor.When my husband tried to pay our half, the insurance companies told him that it has to be payed with our neighbor and if he does’t pay, we have to pay his part as well.
My question is: Is it possible to pay only our half or is there other way to avoid paying our neighbor insurance every year?

]]> By: landlady http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89754 landlady Mon, 19 Sep 2011 14:27:40 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89754 You'll need to talk to your tax accountant for a good answer on whether you'll get a refund, but typically these types of upgrades are tax deductible. Repairs are typically deductible in the year they're made; however, "improvements" (and a large amount of repairs can count as an overall improvement) are generally depreciated over several years. You’ll need to talk to your tax accountant for a good answer on whether you’ll get a refund, but typically these types of upgrades are tax deductible. Repairs are typically deductible in the year they’re made; however, “improvements” (and a large amount of repairs can count as an overall improvement) are generally depreciated over several years.

]]> By: landlady http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89753 landlady Mon, 19 Sep 2011 14:25:42 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89753 I do still own the place, although I've moved out now, making the duplex a non-owner-occupied duplex. It does end up being a bit more of a pain when I need to go there and deal with maintenance issues (it's not far away, so it's more of the idea of going somewhere else to deal with things); however, I don't get nearly as much of the day to day maintenance this way. Thus far, tenants have been good, although I have had a few "getting along" issues between up and down, which was never the case when the landlord was one of the tenants. It's been an interesting change! I do still own the place, although I’ve moved out now, making the duplex a non-owner-occupied duplex. It does end up being a bit more of a pain when I need to go there and deal with maintenance issues (it’s not far away, so it’s more of the idea of going somewhere else to deal with things); however, I don’t get nearly as much of the day to day maintenance this way. Thus far, tenants have been good, although I have had a few “getting along” issues between up and down, which was never the case when the landlord was one of the tenants. It’s been an interesting change!

]]> By: Lana http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89752 Lana Sat, 17 Sep 2011 16:46:25 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89752 Ok I have a questions, so if I will fix and remodel everything inside and out, and also will change water heaters, and AC units on both sides, do I get a tax refund when I do my 2011 Taxes in Georgia? I am planing to rent out both units. Ok I have a questions, so if I will fix and remodel everything inside and out, and also will change water heaters, and AC units on both sides, do I get a tax refund when I do my 2011 Taxes in Georgia? I am planing to rent out both units.

]]> By: annie http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89751 annie Sat, 17 Sep 2011 01:56:57 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89751 Thanks for an informative article. We are purchasing a duplex & will be living in half of it. I am an interior designer & we are pretty handy, so the actual thought of improving the duplex does not scare me. It's the tenants & having neighbors so close that you are responsible for in a way that kind of scares me. You seem to have a common sense & level headed approach which makes me feel better about this adventure we are diving into. Thanks! Thanks for an informative article. We are purchasing a duplex & will be living in half of it. I am an interior designer & we are pretty handy, so the actual thought of improving the duplex does not scare me. It’s the tenants & having neighbors so close that you are responsible for in a way that kind of scares me. You seem to have a common sense & level headed approach which makes me feel better about this adventure we are diving into. Thanks!

]]> By: Mr A http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89750 Mr A Mon, 12 Sep 2011 02:22:24 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89750 Good post and accurate info. Do you still own the place? Good post and accurate info. Do you still own the place?

]]> By: Cincinnati Carpet Cleaning http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php/comment-page-1#comment-89725 Cincinnati Carpet Cleaning Sun, 01 May 2011 01:03:23 +0000 http://www.iboughtaduplex.com/general-day-to-day-landlord/pros-and-cons-of-owner-occupied-duplex-living.php#comment-89725 Thanks for the tips. I've been seriously looking into getting into real estate. Getting a duplex was on my radar, but I didn't think about using one side as my own place. Thanks for the tips. I’ve been seriously looking into getting into real estate. Getting a duplex was on my radar, but I didn’t think about using one side as my own place.

]]>