.#2 Repair Management, tracking expenses, following up with outstanding work orders, ensuring work completed with photos by vendors, notifying owners when there is a repair request by the tenant and track the time it takes from work order to completion, track the amount of repairs to a home at end of year so owner can see those expenses and try to get them on service contracts and off home warranties.

It’s definitely possible to use the equity from a paid-off rental as a down payment for a new property with a DSCR (Debt Service Coverage Ratio) loan, and many lenders offer this option.

I think the customer service, amenities, and ability to make the stay stress-free for the guest are the biggest advantages once you are booked.

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.

If you’re looking to retain professional services to get the feasibility and zoning/conversion processes figured out, please reach out.

HouseMax agreed that I am owed the full $14k, but they informed me that the "investor" and loan servicer (FCI) are refusing to refund the amount.I'm unsure who should be held accountable or what my legal rights are in this situation.

That is held by the lender's servicer/draw team. 

When I buy stuff or services at retail but buy assets to pay for them at a discount, it's like buying those assets and services on sale.

I purchased a mobile home out of state a couple years ago and decided in 2023 to remodel and get ready to rent. I rented it on December 1, 2023. Can I deduct any expenses incurred throughout the entire year 2023 for t...

Or does appfolio use someone like twilio to provide the service and pass on costs to the PM?