Give fair housing testers the right to secretly record your call, trying to trap in a fair housing issue.

Why ask: You want to know the mentor’s qualifications, expertise, and track record in the specific area you need help with.

Just make sure to vet them carefully and ask for references from past deals and proof of their track record.

Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.

My strategist explained possible implications could be (1) longer initial vacancy (~60 days), and (2) potential for PM team to not perform well (as there was not yet a proven track record of their work with RTR).After much discussion, we pivoted to a townhouse in Dundee, FL.

Amid surging demand for apartments, the US rental market is contending with the largest supply of new units in four decades. A report from Apartments.com shows that 178,000 newly constructed units entered the market i...

Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, though these costs are not immediately deductible.The LLC Operating Agreement must clearly outline how contributions are recorded and how profits, losses, and expenses will be distributed.

The idea is to leverage pre-existing networks in a way that builds instant credibility and gets responses fast.If you want to implement this strategy, here’s a link to the exact resource we used:👉 Spreadsheet Link Here (just make a copy for yourself)I also recorded a short video walking through how we set everything up, but since BiggerPockets has rules against sharing that kind of content, feel free to DM me if you have questions on execution.Anyone else using creative co-living marketing strategies that are working right now?

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

I would not envy investors who participate in this vehicle when the team has not track record of success with it.