
30 August 2024 | 6 replies
If you're actively involved in the development and management of the property—like overseeing construction and handling other key activities—the IRS might consider it an active STR business, which could allow you to apply the depreciation against your W2 income.

31 August 2024 | 16 replies
The key takeaway here is to reach out to your tax professional early in the year and provide them with all the necessary tax information to ensure timely and accurate filing.To answer your question, unless you have the proper knowledge or training to handle your taxes, especially since you have a rental property, it would be advisable to seek out another tax professional instead of filing your taxes yourself.
31 August 2024 | 10 replies
I also Cc'd / emailed that letter to the housing authority contact person who handles complaints about section 8 properties.

30 August 2024 | 9 replies
As long as one of the owners is local and can handle things, I wouldn't get a PM.

29 August 2024 | 2 replies
I need a reliable virtual address and digital mail forwarding service that can handle digital mail forwarding, scanning, and other essential business needs.I’m looking for something flexible, secure, and cost-effective.

29 August 2024 | 5 replies
Title should be handling that.

29 August 2024 | 6 replies
A closing / title company can handle the transaction but may want to get a lawyer to draft the documents.Assuming you are buying in your name and not a LLC - if a LLC then there would need to be additional docs like a authorization for LLC to borrow $ etc

30 August 2024 | 9 replies
If the claims are serious enough, I may even call the local PD myself and let them handle it; that way, if the tenant does something crazy and harms themselves or a neighbor, you're covered.

30 August 2024 | 7 replies
The main question is how do you handle the payment of the repair.

29 August 2024 | 5 replies
My back up plan if it doesn't sell is to hang onto it and rent it out, but I don't think it should have a problem selling.What is the best way to handle this?