It also depends on if your itemized tax is higher than standard deduction for you to write off your real estate taxes...Bottom line, talk to your CPA on this since this seems more like a tax question than an asset protection question.

The 15 Essential Items Every Short Term Rental MUST HAVEWhether you're listing your space on Airbnb, VRBO, Homeaway, or with a professional property manager, you will need a whole bunch of items that guests expect to see and make your life as a host easier and more profitable.

Hi everyone,I've searched the archives but can't find an answer to what seems would be a common item -  For residential leases where you have an LLC that owns the property and another LLC that manages that property, takes rent, does repairs etc., how do you structure the lease agreement. 

Or it was previously incorrectly administered, but is now properly assessed according to the usage of the home.If the escrow items (taxes and insurance) are being correctly, there's really nothing you can do. 

Start addressing each item and that will let you know if you can set up an insurance company.

I'm also open to hearing thoughts on what I should do with the driveway as well cause I know it's not really an ROI item

In search of an Airbnb, located in a Touristy area, that is willing to donate 2 nights as an auction item for a 501c event.

Capital items are considered non-recurring items, so are non-operating.  

If this is the case the items your sister can help you with at your rental would be very limited without bridging the gap to doing Property Management in Arizona and potentially getting sideways with her broker or the Department of Real Estate.Happy to answer any further questions.

Bigger firms may charge higher fees but they also come with a lot more support and items in house.