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18 February 2025 | 3 replies
Outside systems like plumbing, sewage, and the water heater should be in good condition, and make sure there are no signs of pests.Additionally, look into property taxes, insurance costs, and zoning laws that could affect future development.
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18 January 2025 | 15 replies
If you go self-employed, youll need two years tax returns.
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2 February 2025 | 2 replies
I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide.
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10 February 2025 | 6 replies
Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)
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7 February 2025 | 2 replies
There are tax benefits to running everything through an LLC, but again, seek advice from a tax professional.
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24 January 2025 | 3 replies
If you are only looking to create a trust to avoid probate, you could probably hire an attorney to make a revocable trust.
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17 February 2025 | 24 replies
Some great options include:Drip Coffee Makers – These are a classic choice, easy to use, and allow guests to brew multiple cups at once.Single-Serve Coffee Makers (non-Keurig) – If you want to avoid the pod waste associated with Keurig, there are many single-serve options that use reusable pods or grounds.French Press – A great option for guests who enjoy a more hands-on brewing experience.Espresso Machines – Ideal for guests who appreciate a high-quality espresso or latte.It’s important to consider your guest demographic and what fits best with your property’s vibe and available space!
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17 February 2025 | 10 replies
@Kristin Vegas- You are going to need those invoices to be able to write off the repair expenses for tax purposes, so if this PM isn't willing to provide them, you should look for a PM that does.
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23 February 2025 | 10 replies
And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc.