Landlord do-it-yourself cost per hour?

Landlord do-it-yourself cost per hour? by matthew on June 13, 2012 @11:38

Small flood cleanup and ceiling fan replacement, what is reasonable to list on the security settlement statement as my cost per hour for these do-it-yourself jobs.
I am completing these tasks myself after the renters have moved out, and I don't want to over or under value my time.

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Re: Landlord do-it-yourself cost per hour? by Micah on June 13, 2012 @11:50	[ Reply ]

Depends on if your state allows you to charge for your own time. Many states do not...

Re: Landlord do-it-yourself cost per hour?

Re: Landlord do-it-yourself cost per hour? by Anna Mouse (Co) on June 13, 2012 @12:37	[ Reply ]

If your state allows you to charge for your own labor.You have to take into the fact that because you are not a professional electrician that you can not charge that rate. You must charge a lower rate compared to your skills to be sure a judge will accept the charge. Even if your state allows for you to charge yourself please consider that what you charge you can not write off on taxes. What you could of charged to the deposit as an expense and use that at end of the year you now can not. So you lose your time and do not gain a write off at year end. I strongly suggest you pay a professional, subtract it from the deposit and use it as an expense at year end. Then you can save your energy for doing jobs that are not the tenants responsibility but part of the maintenance for your property.

Re: Landlord do-it-yourself cost per hour? by mo (wa) on June 13, 2012 @12:39	[ Reply ]

My month to month states a cleaning charge of $ 25.00 per hour. You may want to add it to your lease if it isnt stated.

Re: Landlord do-it-yourself cost per hour? by Jake on June 13, 2012 @13:15	[ Reply ]

How much time did it take and how much was the deposit? What was wrong with the fan that it needed replacement? What you can deduct will depend on the answer to these questions.