If you are doing direct replacement, like replacing a sink, shower, and the stacks and pipes are staying, you probably do not.

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.

I’m in my deep research phase before I tell them anything and information and direction would be very much appreciated. 

It is super straightforward and prompts me to tag all of my transactions with categories that correlate directly to Schedule E.

The format didn't transfer directly to BP, so, make sure that you scroll all the way to the bottom. 

However, capital losses cannot directly offset rental income, though they can reduce up to $3,000 of ordinary income annually and carry forward.

That’ll give you flexibility to automate and integrate workflows as your needs evolve.A direct booking site is a nice-to-have down the line if you want to save on platform fees and build a brand, but starting with platforms like Furnished Finder or VRBO is a solid way to keep things simple while you’re getting started.Good luck—sounds like you’re on the right track!

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.

In new jersey you can find cash flow but it is tricky and a lot of the time you have to get creative and really optimize the property.

An agent can really help get more eyes on your property through MLS and their network, plus some agents have investor clients ready to go and can market it off-market directly to them.