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15 September 2024 | 2 replies
The annual nature of tax benefits.One of the fundamental building blocks of our tax system is its annual focus.
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18 September 2024 | 67 replies
However, their 38 page Prop Mgmt Agreement for OneRate is daunting--it lists many exclusions to their obligations such as any damage caused by force to a surface (whether from tenants, animals, roots, wind or other force of nature, etc).
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16 September 2024 | 28 replies
They have secret side deals with the lenders, realtors that pitch and preferential treatment for property.If you want to learn just become a PRO on here I was resistant at first too but I gave in and after I saw all the webinars and info I knew I was in the right place.
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20 September 2024 | 24 replies
There are companies that are vertically integrated that can walk you from start to finish with the investment so naturally the interests will be mutually aligned.
16 September 2024 | 9 replies
A lot of this is based on human nature.
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15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
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13 September 2024 | 4 replies
They could have come in with the moving boxes, which is the most likely culprit, but they could have snuck in some other way.My lease says I will deliver the home pest-free and handle any pest treatment for the first two weeks in case we miss something.
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13 September 2024 | 4 replies
Here we have an example of unspoken assumptions and changes in classifications and/or treatment of classifications.
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17 September 2024 | 14 replies
Quote from @Jonathan Dempsey: 10 Best Pocono HOAs for STRIntroduction to the PoconosThe Pocono market has long been a popular vacation rental market due to the area's many natural attractions and the region's proximity to major metros Philadelphia and New York City.
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14 September 2024 | 9 replies
Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.