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27 October 2024 | 8 replies
W-2, 1099, etc.) with passive income/loss from rentals is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Once you have clarity on whether or not you can offset non-passive income with rental losses you can then explore cost seg to accelerate depreciation (and some of the accelerated depreciation from cost seg will impact year 1)...
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28 October 2024 | 5 replies
Fortunately, we did not sustain any damage or flooding from the storm.It's great to connect with a design and architecture professional in Sarasota.
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29 October 2024 | 15 replies
The appraisers are professionals and usually undervalue your property by about 15-20% just to avoid people complaining too much.
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29 October 2024 | 8 replies
As a professional property manager, it’s unsettling to think how many poorly drafted leases like this are floating around out there.
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5 November 2024 | 39 replies
They can talk to the insurance company for you, make sure repairs are done quickly, by licensed professionals, and keep your tenants updated (if needed).
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23 October 2024 | 6 replies
To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!
30 October 2024 | 10 replies
If you were going to hire a professional to speak with, how would you know where to find the right one?
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31 October 2024 | 44 replies
I finally got a professional in to finish the work, but based on schedule slip on my end and the cost of the handiman I ate into the margin I got on the purchase.
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28 October 2024 | 15 replies
The most deceptive content on the internet is half true and sprinkled with somewhat correct data and professional-sounding lingo to create an impression of profoundness.
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8 November 2024 | 53 replies
Discussion forums to my understanding should create a sense of belonging among individuals with shared interests, providing a space for collaboration, support, and professional or personal connections.