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18 February 2025 | 4 replies
You can guess what kind of commission % was deducted from the sales disposition proceeds.
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15 February 2025 | 21 replies
. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal: $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses.
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7 February 2025 | 7 replies
Most likely your insurance deductible will be more than that and an attorney will definitely cost you more than that.
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5 February 2025 | 5 replies
Once you increase your real estate portfolio using these tax free money, part of the cash flow they generate is offset by the non cash deduction (ie depreciation) so you get the equivalent to the depreciation amount but don't pay taxes on it.
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7 February 2025 | 14 replies
Also why are you deducting 50% for expenses?
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19 February 2025 | 88 replies
A little cashflow, some tax deductions to kick down the road, long term appreciation and loan paydown.
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30 January 2025 | 4 replies
Keep in mind you will probably have a deductable to pay first.
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29 January 2025 | 14 replies
Even if they had renters insurance, it comes with a $500 - $1,000 deductible just like your insurance.
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2 March 2025 | 113 replies
Just quick math Adsense for 10,000 visitors gets you around $450-500/mo. 10,000 visitors takes good content and some healthy traffic generation.You'd have to pay someone to do that so deduct that from your net income.
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19 February 2025 | 23 replies
So you are able to get the cash flow, tax deductions, etc.