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4 November 2024 | 24 replies
I noticed Padsplit has a preferred lenders page with several companies listed. https://www.padsplit.com/host/get-on-board/vendor-network-re...
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29 October 2024 | 131 replies
So explaining why an investor (you) is preferable in their situation is critical.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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27 October 2024 | 8 replies
Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI) and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.
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30 October 2024 | 6 replies
I am working on a product that will help small-medium size landlords launch and maintain Internet presence at a small monthly cost without spending big budget on custom development.It will include: SEO, custom domain, direct syncing with your property management software, syncing with QB.
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4 November 2024 | 14 replies
There are also people that can manage your Airbnb for you if you prefer to do it that way.
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31 October 2024 | 2 replies
Their customer service was not helpful.
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30 October 2024 | 5 replies
I want two things - I want help customizing a lease for my property.
1 November 2024 | 11 replies
I also don't think they are customers.
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1 November 2024 | 22 replies
An activity is a rental activity if tangible property (real or personal) is used by customers or held for use by customers, and the gross income (or expected gross income) from the activity represents amounts paid (or to be paid) mainly for the use of the property.