Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio. 

"Managing" on a listing platform is not going to pass the IRS sniff test and good tax preparer will not let you claim active to get extra write offs.

Also, most Umbrella Policies only pay out if your underlying policy pays out, and the underlying policy will do everything they can to find an exclusion or that you were negligent (which you probably were) in the cause of action to get out of paying the claim.

Unless the landlord smelt the weed himself wouldn't it just be a claim?

Someone could claim you discriminated if you rejected them or implied you woudl then do something different for someone else.Hope this helps.

Make sure you are going to get your money's worth.One more thing: Matt claims they have now fixed their staffing issue and fine tuned the business.

In the event of damage to the product, you file your claim through them (take pics and submit).

I would assume you will need a police report to file an insurance claim on theft.

But then we have to get into talking about the passive loss rules, which may prevent you from actually being able to claim a tax loss if the deduction is more than your rental or other passive income.Or you can claim the actual expenses (gas, insurance, etc) for the vehicle and regular depreciation, proportioned by the percent of business use of the vehicle.  

Think about it—some of these self-proclaimed "successful" individuals, who claim they’re too busy crushing it in real estate, somehow find the time to nitpick, bicker, and post childish rants about something that clearly provides value.