Time to get rid of any “Ghost Assets”
Do you have any “ghost assets” lurking around your rentals? A ghost asset is an asset on your depreciation schedule that you no longer have. That means you either sold it or scrapped it…or LOST it!! Good grief.
A study found that 30% of business owners (that includes YOU) don’t know what assets they have, where they are and/or who is using them! That’s pathetic. Don’t sign up for that club! Be different, be a rebel!
It’s important that YOU, as the owner of those rentals, keep a sharp eye on what assets are there. We’re talking drapes, flooring, appliances, furniture and more.