
16 April 2024 | 7 replies
To have your activity qualify as material participation, you must meet one of the following tests:-Work more than 500 hours in the activity (a married couple can count the involvement of both spouses to meet this test)-Do substantially all the work in the activity-Work more than 100 hours in the activity, and no one else worked more than the taxpayer (including non-owners or employees)-The activity is a significant participation activity and your total time in all significant participation activities exceeds 500 hours-You materially participated in the activity in any five of the prior ten years-You materially participated in a personal service activity for any three prior years-Based on all facts and circumstances, you participate for more than 100 hours in the activity on a regular, continuous or substantial basis during the yearPractically speaking, this means you’re doing the work on your rental properties rather than hiring a property manager.

16 April 2024 | 12 replies
So using this forum to gain a little advice on strategies (I read online and elsewhere in the forum) seemed like a good place to start.

15 April 2024 | 1 reply
With the landscape constantly changing, it's vital to adapt and find innovative ways to not only reach buyers and sellers but also close deals efficiently and effectively.Here are some strategies I'm looking to discuss:Digital Marketing: Have you transitioned to an online-first marketing approach?

15 April 2024 | 8 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

16 April 2024 | 14 replies
I think it is more cost effective and has the capability to put entire SOPs online.

15 April 2024 | 2 replies
I've found a few online though I'm looking for one that has-property description, condition, purchase price, closing date, default clauses, insurance contingency, risk and loss damage, adjustmentsDo I need all of this and if so where should I get it?
16 April 2024 | 18 replies
She pays rent on Zelle through multiple other peoples names, and so I am getting partial payments (though she hasn’t paid the total amount) which I think means I can not evict her.

16 April 2024 | 18 replies
You only need 5 doors or 5 properties total.

17 April 2024 | 39 replies
Just wanted to bump this as I am going to start valuing my small property management business (maybe 10 doors total) to include it into my personal net worth calculation.

16 April 2024 | 23 replies
I drove from Alabama over 10 hours to get to texas for spring break and drove for probably 30-40 hours total in the span of the week.