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4 November 2024 | 4 replies
This raises the operational costs for hosts.Compliance with Hotel Occupancy Tax (HOT): STR operators must collect and remit the city’s HOT (9% for San Antonio and 1.75% for Bexar County).
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7 November 2024 | 15 replies
So, I can't comment on those details because you aren't operating in my state.
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6 November 2024 | 29 replies
They are very tech savvy and very progressive in how they operate.
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5 November 2024 | 9 replies
You will quickly learn that real estate investing is simple.
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5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
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6 November 2024 | 10 replies
If you're ever looking for assistance, I have owned and operated multiple sober living programs for about 6 years now and also have been in the investor/landlord position.
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5 November 2024 | 5 replies
Find a good property being totally mismanaged - offer to purchase 60% and take operational control selling your property management expertise and future profitability, providing property owner/seller with enough cash to pay off his pressing debts keeping current loan in place.
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4 November 2024 | 10 replies
I know he is your brother, but that's a quick way for a bad Thanksgiving dinner when you disagree about something and don't have an operating agreement to help you resolve the issue.
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8 November 2024 | 12 replies
You might not be aware of the amount of money invested in marketing for a wholesaling operation.
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4 November 2024 | 12 replies
The feedback I have seen and gotten more often than not is to form an entity in the state where you are operating.