For 10% I handle bookings/marketing, pricing, and guest communications. 

However the tenant will pay on time every month :)PayPal, Zelle, Cash App, CASH, Check, Cashier's Check, $ Order, Gold, Silver,you get the point :)

Hello BP Community - my first post, here it goes.  I own a 2 family home since 2016 that I have rented in Queens, New York.  Time has come to sell.  During Buyer's title search, it was identified that there is no Cert...

If your spouse qualifies for the Real Estate Professional status, then it will cover both of you.

I currently rent out two of the guest rooms and am living in the rest of the house.

I imagine construction noise doesn't garner tons of points with guests.  

@Alex Del Rio welcome and congrats on Real Estate Professional Status (REPS) this brings with it a lot of tax benefits that you didn't have access to before.

Assuming you don’t meet the 500 hour test, you will likely need to document the time of others spent working on your property.In addition, you need to have guests at your property as well.Until you are 100% sure you can utilize the short term rental loophole, I’d wait to do the cost segregation study.

Absolute gold.

@Yixin Huang we use a property management software which keeps the communication centralized and updates them on status.