(October 16, 2017 at 8:31 pm)Minimalist Wrote: LOL.
I spent 33 years with the IRS and before I got fully involved in the union game I had a whole drawer full of failing small businesses. Most of them had some idea of how to deliver the product or service they specialized in. Most equally had no fucking clue how to run a business. They were constantly getting ripped off by lawyers or accountants. They may have been excellent mechanics, or whatever, but this is where they fell down.
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I am not doubting your time with the IRS.
I am saying what good does it do you as property owner, to let your units set empty unless you get a tax break and make more keeping them empty.
It would be no different if you are an apartment complex owner. If your units are empty you make no money.
AGAIN, the one further down the road has kept its units full, and has had a low turnover rate as far as renters. Whereas the complex close to me is dependent on 4 businesses and a gas station.
Those 4 businesses in the mostly empty complex produce quality work.
The difference I see is that the property owners close to me use Tax code to keep the properties empty and the full one further down the road actually vetted potential renters far better to insure that they would not have a high turn over rate.
If it were all solely about taking money, renters of apartments would not ask for deposits or 1 or 2 year contracts, nor would they ask for references. If I owned a shopping complex I would want any potential renter to have a viable business model that would bring traffic to my complex.
