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5 February 2025 | 5 replies
If the electronic lock fails, you provide the tenant with the code so they can access the key.
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6 February 2025 | 13 replies
This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.
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17 February 2025 | 9 replies
It was my only option because I had limited funds and wanted a better future than my day job alone was going to provide.
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19 February 2025 | 7 replies
Providing a lease to the appraiser can also help in giving them an idea of the rents that you're expecting on the report while also confirming that there is demand in the market already for the value that you set the property at.If you're looking to refinance a property using a DSCR I would be happy to help!
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18 February 2025 | 43 replies
That's a big deal, and should provide encouragement to others who are on that path.
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11 February 2025 | 4 replies
In my experience it is common and customary for the landlord or builder to provide TIA, tenant improvement allowance, to the tenant to assist if not cover the majority of the internal buildout.
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24 February 2025 | 7 replies
I will be honest and let you know that your agent should be sending you personalized deal flow and providing numbers on why they think it's a great deal.
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18 February 2025 | 18 replies
Id remove the drone photo.Increase the pet fee.You can always block days when you want to stay in the property.Ask for feedback from the first few people during their stay to see if there is anything you should have provided that you didn't.
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5 February 2025 | 8 replies
He could provide you with some good insight in and around the area!
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10 February 2025 | 30 replies
I would love to partner with anyone, learn from anyone and do anything I can to provide value.