Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
What property management software or tools would you recommend for tracking rent payments, leases, and maintenance requests?
Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
8 January 2025 | 38 replies
Quote from @Jarret Jarvis: @James Wise well the PM should have been auditing the electric every month if they have it in their names and are paying for it.
Jp Coghill
Appfolio On Boarding
11 January 2025 | 1 reply
I’m struggling to understand why all of this is necessary just to use their property management software.
Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
As this approach uses very little documentation, it is the least reliable methodology in preparing a cost segregation study.To see all of the steps included within each method, refer to Chapter 3 of the IRS Cost Segregation Audit Techniques Guide.What methodology has your company utilized?
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.
Eric Helena
1031 exchange with relative
31 December 2024 | 2 replies
Just leaving it sit without any investment use might not be enough to establish your intent in an audit.
Alec Dressler
How to Determine Public Interest in a Potential Airbnb Property?
13 January 2025 | 15 replies
Does anyone have any good ways or software to get better data?
Sherylyn Holden
New Short Term Rental Rules in San Antonio, TX
30 December 2024 | 13 replies
Here is the email received"An internal audit has been completed for STR permits and our records indicate that your STR permit was issued in error due to exceeding the maximum 12.5% blockface density.
Mitchel Johnson
College Senior Getting Into Multifamily properties
30 December 2024 | 4 replies
Leverage the CPA path: Your auditing and financial background will give you an edge when scaling.
Allison Littman
"Church" Purchase Creative Financing
11 January 2025 | 7 replies
Looking for any creative input on how something like this could be structured.Taking part of the purchase price of real estate as a charitable donation and using said deduction to lower your taxes is tantamount to sending a cover letter to the IRS with your return requesting an audit.