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17 February 2025 | 5 replies
Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.
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19 February 2025 | 27 replies
Should I charge any extra for the person?
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5 February 2025 | 21 replies
@Owen Rosen the links you shared pretty much only state a tenant shouldn't have to supply liability coverage to their landlord.Of course they will say this as the provider does NOT want the extra liability of covering additional parties!
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28 February 2025 | 25 replies
Keep the second jobs or the extra hours at your current job.
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19 February 2025 | 11 replies
Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?
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4 February 2025 | 6 replies
Manage their properties Provide welcome gifts/ goodie bags for their guests before check in Hauling extra supplies/ misc items to return to stores or other properties--Any other ideas that I can pitch to make myself more marketable?
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3 February 2025 | 15 replies
If you don't have the extra cash, can you get creative with a private lender or partner stacked on bank debt?
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5 February 2025 | 6 replies
Willing to go the extra mile here based on the numbers.Thanks!!
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26 February 2025 | 15 replies
While a properly maintained TN LLC might be sufficient for those who diligently follow corporate formalities, the additional layer provided by the Wyoming entity can offer significant extra protection, albeit with increased complexity and cost.
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5 February 2025 | 17 replies
Extra 4 months of carrying costs are up most of the margin.