Lot Rent: And to top it off I filled the space that now pays me a lot fee which for a bonus quadruple dip increased the value of my community.As Investors and Entrepreneurs, we get paid to solve problems.

As an entrepreneur, especially during the startup phase, the goal is to minimize expenses and put most of your money into real estate deals.Don’t let the absence of a CPA stop you from moving forward.

Currently we have one sent out at the time of bookings with a thank you and parking instructions.

We provide a section in the apartment manual with step by step cleaning instruction.  

STRs cannot be thrown into the same aggregation election that you use when qualifying for REPS.The only way to unlock STR losses is to pass material participation, and pass it specifically for STRs.Myth 6: STRs are reported on Schedule C instead of Schedule EThis myth comes from misunderstanding the IRS instructions that were specifically written to be confusing.

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.

At some point, even for an entrepreneur like yourself, you may want to take chunks of the wealth you create from building and exiting businesses and put that money into something that doesn't require your full-time attention, but still can generate cash flow and/or appreciate in value.

I am a tech entrepreneur with experience in proptech and mainly in the tech-enabled STR space.

And while Pennsylvania State Inheritance is typically also not recorded, all 67 Pennsylvania Recorder of Deeds are instructed to collect the tax if there is any indication that the property owner is deceased.

If so, I could probably instruct the tenants to print out the relevant documents, fill out the paper work, scan the files, and then email me their completed forms.