If they are not paying (I imagine that is the issue), will you go through the whole eviction process over the next few months versus giving them a few hundred bucks?

And if they have one of those schmucky lawyers (free for the tenant btw….while you’re paying $400 per hour for yours :( you’ll be paying that tenant a lot of money to leave.

Also curious how others navigate our short term rental laws (seems like many property owners are advertising for periods shorter than the 14 day minimum) Also curious if many owners are actually paying hotel taxes to the county or waiting for more clarity on the law

One thing to consider though, that most people don't realize, when you higher and pay for an architect/engineer to do drawings you get to count that money spend as improvements to the building when it comes time to get your commercial loan.

The reason cities are spending millions of tax $$s to reopen dead hotels and take over community centers in poorer neighborhoods is to force housing space at any cost.

That is why your landscape company is structured as an S corp... to lower the amount of SE tax you have to pay.

Early distribution from a retirement account will result in penalties plus taxes.

Remember there are 4 main avenues to make money in real estate: appreciation, debt pay down, tax benefits and of course cash flow.

If a tenant comes in to pay multiple charges with one payment, my office manager has to get out the pen and pad to figure and place individual payments instead of something similar to Quickbooks where you enter an amount paid and select which invoices you want it to apply to. 3.

It is hard to pay the price of a ready to rent property and get it to cash flow.