Anyone out there on W2 , owning a STR that is taking the benefit of its managment qualifying you to take real estate losses against your W2?

@Kwanza Price tips for managing contractors:1.

I’m in the process of managing 18 units and have a full-time job.

THAN institute the new GOOD management, and process going forward.

It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

I personally believe that a better way to jump into mid term rentals is to take a course on buidling a property management company or cohosting business where you bring your skillset to the table without the intial investment into all the furniture and leases.

Having a great self-storage facility software for online management is key!!

A major part of the success or failure of an STR investment is the design, furnishing and management plan.