Would love to hear what management software the storage professionals are using to manage their units.

Don’t forget to use professional photography and consider virtual staging if the home is vacant.

Build an SMB on top of your real estate (the reverse of #2)Short-term rentals and high owner-participation real estate businesses can have great returns.Obviously not for you if you just want passive RE.We are in the deep end here, where each case should be judged on its own facts and merits by your CPA.You should hire a professional to review your particular situation before you make an investment.

Your takes on property management on BP are some of the finest I've read--wise, clear, efficient, professional, timeless--and thus excellent guidance for investors at every stage.On this issue however, I believe MTR is a long-standing, if unnamed, niche within LTR.

We charge a pet fee for visiting pets that is at the high end of boarding cost and at move out we charge to have HVAC professionally cleaned and carpets professionally cleaned (many of our units do not have any carpet) to place unit back in animal free state (many people are allergic to pet dander).

I am guessing you are a Real estate professional and can do cost seg to take a bunch of losses for the new construction cabins that you intend to keep long term as rentals?

However, here are a few general suggestions that might help:Since you’re looking to offset rental income and don’t qualify as a real estate professional, one strategy could be to consider any capital improvements you’re planning in the near future.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Challenges have been mentioned above in the description Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

How he solved that challenge was by establishing a network of professionals and like minded people in Real Estate.