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4 January 2025 | 11 replies
And the passive loss rules may prevent you from getting a tax benefit if your rental deductions are more than your rental income for all of these options.David OrrTax ModernFirstly, utilizing Section 179 deductions for a vehicle purchase can indeed be advantageous, particularly if the vehicle is primarily used for business purposes.
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2 January 2025 | 7 replies
More big name companies will join the STR industry and hosts who are not exceeding expectation will be weeded out by their money power.
3 January 2025 | 10 replies
IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out.
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3 January 2025 | 11 replies
Applicant credit scores should be treated with a high level of care and should not be handed out when they aren't assured that you are locking them up and taking due care with private and sensitive data.So, many places, including the screening company we used for years before moving to a PM, provide a suitability score rather than the actual credit score.
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31 December 2024 | 22 replies
We had a property manager that sold his company.
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31 December 2024 | 22 replies
Office; AND$5M or more in revenueSEC regulated investment companies + certain business already under strict regulations from the Federal Gov'tWho is a "beneficial owner"?
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3 January 2025 | 6 replies
My wife and I moved down to Central Florida from Hamburg just over 5 years ago and are running our own brokerage and property management company.
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6 January 2025 | 5 replies
Confirm with the solar company if the loan is transferable and review terms carefully—it’s a potential hurdle with lenders or resale.A DSCR (Debt Service Coverage Ratio) loan might be an option since you’re focused on rental income.
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31 December 2024 | 418 replies
You ARE the company now, scorched earth on the company is scorched earth on yourselves!
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29 December 2024 | 5 replies
The house had the utilities turned off for the 6 years, and was filled with the original 1 owner's furniture, clothes, appliances, car and ecn food in the frig (without elctric on for 6 years).