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All Forum Posts by: Heather Hall

Heather Hall has started 10 posts and replied 90 times.

Post: Real Estate Professional Status/Time Tracking

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.

Hi Caleb- If you could share that spreadsheet with me I would Greatly appreciate it. I’m concerned mine is not detailed enough. 

Post: VA Assumable Loan - California Agent/Lender Recommendations

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @Rhe Cowee:

Hi Everyone,

I am looking to use my VA loan to purchase a condo/house with an assumable mortgage. I am searching in San Diego and Orange County areas. Does anyone have any recommendations for a real estate agent that has experience with VA Loans (specifically- assumable VA loans)? I am also looking for a VA lender to see what I generally prequalify for.

Thanks!

@Keegan Wetzel is our realtor assisting with VA assumables and he is a military veteran himself.

Post: Real Estate professional logbook example

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26

 Hi @Sean O'Keefe

I would also like to get a copy of the real estate professional logbook.


Thanks @Account Closed for directing me to this post!

Post: Converting primary residence to STR due to neighbor noise

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @Mike Grudzien:

Heather,
New headline for your STR: "Awesome place for hearing impaired individuals"
That said, IMO every guest would complain, give you low ratings, etc.  It seems that this is literally a ticking time bomb with a known nuisance.   Have you considered LTR or maybe MTR (with explanations to the tenants)?
My 2 cents,
Mike

Bless you for the sprinkling of humor, Mike. It is much appreciated.  I would love to make this a medium term rental if you have ideas . . . We are not near any hospitals for nurses, etc. 

Does that matter?  

Also, if this were you,as a guest would you feel better if there was a published shooting schedule?
 

Post: Converting primary residence to STR due to neighbor noise

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @Kristine Ann:

Is it a firing range that the public can use? If so, market the STR to shooting enthusiasts and hunters. Maybe set up a bow and arrow target in the backyard.

Look at you! That is super smart.  It is used in the rodeo community so I like that angle !

Post: Converting primary residence to STR due to neighbor noise

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @John Underwood:

If you hate living here due to the neighbor, you think you will have a thriving STR with excellent reviews?


I hear you . . . It seems to bother me much more than other neighbors who say they just got used to it . . . But I just cannot.  

Post: Converting primary residence to STR due to neighbor noise

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @Dan H.:

I have 2 STRs in Pt Loma.  As you may know it is in the regular flight path.  The break in talking due to plane noise the locals refer to as the Pt Loma pause.  

We clearly indicate in our ads on the OTAs (airBnB, Vrbo, etc are OTAs) that there is plane noise.  So far the only bad review we have gotten due to it is from a guest who asked the PM company how bad it was and they indicated not that bad.  Guest considered it horrendous.  If someone asked me how bad it is, I would indicate different people have different levels of tolerance but the plane noise is loud enough to interrupt conversations.  

My fear with a shooting range is that it likely is much more persistent than plane noise and that you may have a low occupancy.  

Good luck

Thanks Dan- to clarify, it is outdoor horseback shooting and usually 2-3 hours at a time.  I definitely planned on being upfront and maybe even offering discounts.  Thanks for the input about emphasizing this to guests !

Post: STR Depreciation/Bonus Depreciation Question

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26

Hello, I have searched the forum but have been unable to find a sample "time log" for material participation purposes.  I have seen a few apps mentioned, but I prefer to use excel and log everything that way.  Does anyone have suggestions for retroactively estimating your time?  I did not know of this time log requirement for STRs, so as a newbie I am going back through emails, texts, phone logs, invoices, etc. to determine how much time I spent on everything.  

Post: Bonus depreciation for STR Material Participation

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
Quote from @Luke Carl:

I would say it probably happens more often than not especially if housewife or househusband is doing that managing. And around here they always are. 

 "house husband" just made my day!  I have never heard that term! @Luk

Post: Questions on depreciation and showing material participation

Heather HallPosted
  • Rental Property Investor
  • Fallbrook, CA (San Diego area)
  • Posts 91
  • Votes 26
@Jack Anderson -
we are in an almost identical situation . . . What did you learn?  We have found that cost seg engineering firms can also be helpful in answering some of these questions.  Did you pursue bonus depreciation ?

Quote from @Jack Anderson