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19 February 2025 | 10 replies
You have an STR listed on the Airbnb platform.Why not look at the design of highly sucessful STR'S in your area and copy some of the best ideas?
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21 February 2025 | 4 replies
Start with baby steps and simple projects and gradually take on more risk.
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16 February 2025 | 1 reply
My father took out a $320K home equity line of credit (HELOC) to invest with my brother and I.
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29 January 2025 | 18 replies
On top of that, we have found that homes with a great view (forest or lake view), or proximity to the clubhouse tend to book better.
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4 February 2025 | 2 replies
I imagine a T-6 is just a Trailing 6 month table that shows our rents, expenses all fully tabulated and organized into a summary table, but having a hard time finding documentation online to support that.
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31 January 2025 | 7 replies
My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.
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17 February 2025 | 2 replies
Is the level of selling we’re seeing in line with previous administration changes, or does this have to do with federal workers losing their jobs?
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13 February 2025 | 10 replies
New roof and gutters, updated vinyl double pane windows, resurfaced parking lot, and upgraded main water line.
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12 February 2025 | 5 replies
Any information you are willing to share about past projects from addresses, scope of work, estimates, line item breakdowns, materials costs etc.
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18 February 2025 | 7 replies
Especially on the rental side where prospective tenants may not care because they aren't living there long term.I live near a freeway where sometimes you hear it.