As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Using his own personal experience, Ian Cook of Carpe Diem MD outlines the three best smart thermostats in his opinion (Ecobee by Amazon, Nest by Google and Honeywell by Honeywell), and gives a summary of each one. Spoiler alert: he uses Ecobee!
Daniel Shin of the Darwinian Doctor gives three ways to avoid depreciation recapture tax on rental properties. The three options, you wonder? Here you go!
- Sell your property at a loss;
- A 1031 Exchange; or
- Keep your property until you die.
By the end of this post, you will understand depreciation, the depreciation recapture tax, and more about those three strategies to avoid this tax.
As you may or may not know, watching the stock market is one of the worst things you can do for your financial health. It doesn’t matter whether the market is up or down – it is NOT good to watch constantly. I’ll explain why it’s not good to do, why it’s so tempting to do it, and 10 things to do instead!