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19 January 2025 | 42 replies
The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.
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9 January 2025 | 14 replies
On 1/2 price days I spend $250 and get nice clean clothes only with retail value of around $2,000.
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15 January 2025 | 9 replies
Thank you for your service!
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9 January 2025 | 1 reply
I updated the electrical, painted everything, and “cleaned the property up nicely” exterior and interior.
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13 January 2025 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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10 January 2025 | 9 replies
I'm born and raised in Houston and now work with a full service long-term rental management managing over 300 doors - all SF or MU (up to 4 unit).
12 January 2025 | 10 replies
The only other fee we charge for this program is a flat $1,500 services fee.
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23 January 2025 | 16 replies
LLC-A deducts the 10% management fee, while LLC-B reports it as active income, subject to self-employment tax but eligible for tax-efficient salary and distribution strategies.Ensure the setup has a clear business purpose, reasonable compensation, and documented management services to avoid IRS scrutiny.
31 December 2024 | 2 replies
Has anyone used RABBU to market their short term rental for sale to potential buyers? If so how did it go?
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9 January 2025 | 2 replies
I'm so glad you found the post helpful.To answer your question, yes, certain types of homes and markets definitely tend to benefit more from full-service staging.