Vikrant Prakash
Short Term Rental House Hack
1 September 2024 | 9 replies
I am probably going to try renting my unused basement for STR in any event due to incremental cash flow (STR loophole or not due) but wanted to check on the right accounting treatment. https://podcasts.apple.com/us/podcast/tax-smart-real-estate-...
Robert Schwenkler
Use Pricelabs to create "Preparation time" on listings?
2 September 2024 | 17 replies
Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.
Scott Lathrop
Air Force Vet and Real Estate Pro Ready to Connect in McKinney, TX!
31 August 2024 | 1 reply
My journey has been anything but conventional, and I’ve built a career that merges my entrepreneurial spirit with a strong work ethic.
Julio Gonzalez
Cost Segregation on Office Building
29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
James R.
Off Platform Bookings - Too Risky?
30 August 2024 | 25 replies
Renting outside of the platform takes away some of your protections.From an ethical standpoint, I think it's theft.
Kaylin Gonzalez
is cash flow taxable income ? how is it taxed ?
27 August 2024 | 10 replies
Passive income is generally more desired from an investor's point of view because they get a lower tax treatment than active income.
David Butler
Real Estate Rookie podcast episode 449 feedback
27 August 2024 | 6 replies
I have every empathy for folks who are hurting especially from instances that are from outside of their control, but filing bankruptcy to get out of debt that she chose to sign up for and promise to pay for the sole purpose of getting ahead faster (her story, not mine) seems less than ethical and Bigger Pockets promoting it is questionable.
Glenn Cross
Seeking guidance - What to do from 1st to 1st?
27 August 2024 | 10 replies
This will be a detailed inspection of every room, ceiling, floor, plumbing, smoke/CO2 detectors, window treatments and screens, etc.
Jenna Bamlet
Business partner separation
28 August 2024 | 17 replies
Your partner feels it’s more beneficial to himself to put you on “ignore” and has no moral or ethical qualms about such2.
Andrew Carlson
My tenant might be a prostitute
26 August 2024 | 73 replies
She is on a month to month lease.Is it ethical/legal to kick someone out for suspicion of such activities??