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29 November 2022 | 23 replies
If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.
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20 November 2022 | 14 replies
For the most part, the cleaners figure out the routine very quickly and are very responsive to scheduling and changes so that part of the software isn't a big deal (you could manage without it).For our record-keeping and inventory management though it's been well worth it!
10 February 2021 | 3 replies
If yes, then you're going to need at least 1,001 hours in a real estate trade or business in which you materially participate.1,001 hours might be a stretch for two units and would raise some eyebrows.
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26 April 2022 | 0 replies
Assume the unreduced basis of the building is about $350k (I took out the land value)*Add New Deck - $8k*Interior/Exterior paint - $3k*Dishwasher - $500*Landscaping materials - $1500*Wood/sheetrock to build walls to enclose an existing space - $500*Furniture (beds, tables, chairs etc) - $5k*Hot Tub - $5kCan we use the SHST or De Minimis or Routine Maintenance safe harbor for any of this?
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31 January 2022 | 3 replies
They can be two different people and once you get a routine going it will be on autopilot.
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2 November 2020 | 1 reply
The primary purpose of the truck will be to travel to the cabin every 4 to 6 weeks for routine maintenance and general checks on the property.I am going to check with a tax professional, but that said, I would be curious to hear anyones experience here.Are the truck and improvements such as tires something that I can partially or fully write off my taxes?
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19 November 2022 | 7 replies
If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.
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9 December 2022 | 30 replies
I visit the house routinely and just did a walk through and everything is normal.
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31 October 2022 | 14 replies
If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.