Shannon Garst
Need advise on setting up an LLC
7 May 2024 | 13 replies
Perhaps we can find a work-around.CERTIFICATE OF GOOD STANDING (aka Certificate of Status): I hate this requirement as it’s simply a way for the state to make money.
Jerry Daily
Buying another property to offset taxes
5 May 2024 | 5 replies
One is having the tax status of qualified real estate professional, which basically means that your primary job is on real estate.
Chinmay Patel
When to do Cost Segregation analysis ? Needs recommendations for engineers.
5 May 2024 | 5 replies
I will qualify for REP status based on STR loophole.
Michael LaMorte
Airbnb Renter is Doing Arbitrage - Now What?
5 May 2024 | 15 replies
Also make sure your guests are signing a RA
Sara Abernethy
Reservation management software recommendations
6 May 2024 | 11 replies
I can block out specific dates on the calendar for a property and add a note that says, "Guest Sara Abernathy," $125/night, paid through cozy.co".
Jacqui Casey
Resort / Golf Cart Community for STR
4 May 2024 | 10 replies
Sometimes it is only owners and guests when the owner is onsite.
Christina Hall
Cost Seg Study SFR Short Term Rental
5 May 2024 | 10 replies
I would also ensure you can even qualify for the cost seg by making sure you either qualify for REPS(real estate professional status) or STR loophole (short term rental loophole)
Avinash V.
Help needed : is it worth converting to STR/mid term
6 May 2024 | 8 replies
The fee gets you listing maintenance, a professional person available around the clock to communicate with your guests and monthly/end of year reporting.
Account Closed
What activities actually matter for real estate professional status?
4 May 2024 | 3 replies
Material Participation Activities:
Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.
Contractor Management: Oversee the hiring and coordination of con...
John Lim
First property and STR loophole with bonus depreciation
5 May 2024 | 2 replies
If over 50% of guests stay on a transient basis, the property is subject to depreciation over 39 years.