Curious - what platform are you mainly using to rent it out?

It's feasible for you to use an existing platform, most likely ethereum, and build your own variant of coin with specific conditions for smart contracts.

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

@Tarcizio GoncalvesStessa is an excellent platform for tracking income and expenses for investors; it is user-friendly.

There are plenty of good people on a platform like bigger pockets that could be a great mentor in the true sense of the word. 

They encourage networking, discuss market trends, and discuss development strategies, aiming to support growth in the industry.Good Luck!

If you’re close to $150,000 in AGI, a few ways you can bring that down AGI is by maxing out a 401k traditional ($23k for 2024 tax year), maxing out your HSA ($4,150 for 2024 tax year), and if you have any capital losses from stocks (up to $3k per year), I would encourage you to have great bookkeeping to ensure you’re capturing all of your deductions appropriately on your rental property.

I actually believe the complete opposite because of several different life experiences.I just encourage EVERYONE to do their own research and think long and hard about every aspect of carrying or not.

Read our copy & paste advice below on better screening for a PMC.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I would encourage him to take a lot of time to assess, take small risks at first, and learn as much as he can along the way.