I'm looking for a spreadsheet or tool to use an example to log and track hours spent on real estate Managment. Does anyone have a form or suggestions they'd be willing to share?Thank you!

If you are a Tax professional, please feel to reach out.Thank You.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

In the world of accounting, different levels of education, expertise, and responsibilities define a professional’s title and role.

However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.

You definitely want to familiarize yourself with the city and county regulations regarding Fair Housing and rental properties. 

Connect with professionals who know what they are doing so you can receive proper guidance.

The requirements describe the regulations in the Philadelphia Code.Landlords must follow all non-discrimination and housing laws.Renters Access Act tenant screening guidelinesYou must comply with this law when screening tenants.

My fiance and I are in a unique situation as I play baseball professionally, and she works online and plans to live with me during my season.