To avoid unnecessary liabilities, delaying acceptance or exploring a cash alternative may be the safest financial option.This post does not create a CPA-Client relationship.

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

Hi Danielle, As a property manager, if you were my client, I would recommend that you incorporate a monthly flat rate utility fee into that tenants lease.

We've helped lots of clients with house hacking around the Austin metro.

The tech industry and manufacturing growth in Reno also provides for a different client for short term rentals, something to look into.

Firstly, do you manage your own property or do manage mix of your own plus clients' property?

This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.

@Arthur Savery, Many of our clients are taking a similar route. 

Quote from @Frank Pyle: My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental.

@Andrew Slezak we're pretty aggressive about rent increases for our clients, but some of them won't approve us to pursue.So, don't automatically blame the PMC!