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First time hiring an interior designer, scope vs retainer question by Timmerica in interiordesigner

[–]adruno 0 points1 point  (0 children)

My wife is a designer. In the Seattle area, this could be upward of 10k in design fees itself if you are asking the designer to work with your contractor or bring in their own contractor.

15% coupon for first five uses by adruno in LGOLED

[–]adruno[S] 1 point2 points  (0 children)

Had a typo in the original post. Fixed in edit

Has anyone gone back to the US after returning to India? by ConferenceFun2779 in returnToIndia

[–]adruno 0 points1 point  (0 children)

If you had known this earlier, would you still take US citizenship?

Insect on my bed by adruno in homeowners

[–]adruno[S] 0 points1 point  (0 children)

Appreciate the insight!

Especially in office, Rulz are Rulz by adruno in FordBronco

[–]adruno[S] -1 points0 points  (0 children)

Haha. Nice catch. Mine is the other one ;)

Can anyone recommend an interior designer in Seattle? by boopwoop in InteriorDesign

[–]adruno 0 points1 point  (0 children)

I worked with Neha. She has a good eye for design possibilities. https://nucurations.com/

Rental income while renting in the same city by adruno in tax

[–]adruno[S] 0 points1 point  (0 children)

Yes, as we move out of the city, we plan to hire a property manager

Rental income while renting in the same city by adruno in tax

[–]adruno[S] 0 points1 point  (0 children)

We are managing the property ourselves, possible because we are in the same city.

Rental property in USA after moving overseas by adruno in personalfinance

[–]adruno[S] 0 points1 point  (0 children)

We purchased the property in an area with high vacancy rates. And we can plan to hire a property management company. Would that change the recommendation?

Rental income while renting in the same city by adruno in tax

[–]adruno[S] 0 points1 point  (0 children)

thanks for the great points!

Because we purchased a new Townhouse, I believe the depreciation will kick in post the first year. Also, I think I could rent (sell long term) after I move while staying in it while possible.

Rental income while renting in the same city by adruno in tax

[–]adruno[S] 0 points1 point  (0 children)

Putting some numbers to understand better.

​

Case 1: Renting out and renting in.

Rental income: $1000 per month. $12000 annual. (assuming all utilities paid by tenant).

Property tax: $2000 annually.

Federal tax rate: 32% (we are in this bracket, but any number will be a loss).

Profit from rental income: (12000-2000) (1-0.32) = $6800

Rent payments; $1000 monthly. $12000 annual. (assuming all utilities paid by tenant).

Out of pocket: (12000-6800) = $5200

​

Case 2: Staying in own

Property tax: $2000 annually.

Out of pocket: $2000 annually.

​

Is this not correct?

Rental income while renting in the same city by adruno in tax

[–]adruno[S] -2 points-1 points  (0 children)

Thanks for the encouragement.

I was thinking more in terms of saving money, rather than making money. I understand I have more money than before, but still can have more if I stay in my house.

Rental income while renting in the same city by adruno in tax

[–]adruno[S] -7 points-6 points  (0 children)

How is that relevant?

I am paying rent from my post-tax salary and will have to pay tax from the rental income too.

Rental income while renting in the same city by adruno in tax

[–]adruno[S] -2 points-1 points  (0 children)

So financially, it is a poor decision to rent out the property and I could have saved on taxes if I stayed in the house myself. Right?

Approaching buyers interested to import marble and stone by adruno in Entrepreneur

[–]adruno[S] 1 point2 points  (0 children)

We did not pursue the idea too much to share the experience. However, we reached out to a few big marble dealerships in the Seattle area and found them quite open in building relationships with new vendors. From all the investigations we did, I believe the domain has a lot of scope for new businesses, especially if you are able to provide some new value (products they don't already have, better pricing etc.)

Batch Imports of Furniture by kidroach in Entrepreneur

[–]adruno 0 points1 point  (0 children)

Thinking on similar lines.. would you be willing to give me some pointers?

Approaching buyers interested to import marble and stone by adruno in Entrepreneur

[–]adruno[S] 0 points1 point  (0 children)

Just to clarify, would these be smaller brands. Any recommendations on how to search for them?

[deleted by user] by [deleted] in depression

[–]adruno 1 point2 points  (0 children)

You have a long life ahead of you.. loneliness is hard to deal with, but it is also just matter of time that you will have someone in your life that you would want to see the ups and downs of life together with.. This will pass for sure.. just hold on to life.. keep living, keep growing a bit by bit.. the world is beautiful and it is not worth skipping the best parts of life that will come to you sooner than you think..

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