There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Quote from @Daniel Amsalem: If you have an Airbnb in DC, Maryland, or Northern Virginia (NOVA) or want to, I'd ask you provide feedback to the City of Alexandria regarding their proposed regulations.Regulations: https://www.alexandriava.gov/sites/default/files/2024-08/sho...Feedback Form: https://www.research.net/r/AlexandriaVA-ShortTermRentalsAlexandria sets the example for all of DMV as the most permissible county/region. 

. - Established and actively managed AirBnB's will continue to be consistent income producers with a gradual growth in returns. 

If you gift your share, it may trigger gift tax filing if the value exceeds the annual exclusion ($18,000 for 2024 and $19,000 for 2025), though no immediate tax is due if under your lifetime exemption.

Any advice/recommendation/similar experience is appreciated.Aloha Jinxiang,  I would check with your insurance carrier anyway before filing a claim.   

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

Exploring tax delinquency records, probate cases, and foreclosure filings can help you build a pipeline of motivated sellers.- Strategic Partnerships: Building direct relationships with REO asset managers, bankruptcy attorneys, and bank liquidation teams can provide exclusive access to bulk sales before they go public.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.

It is not legitimate and I do not legally owe this balance, but have been unable to get it removed from my history unless I file suit against the company.

If your interested I have posted the link below https://drive.google.com/file/d/1Ie7LRwcDVFbzSc4lcj3owGVrJWso39yT/view?