Jesus Canales
I need a savy Real estate accountant that knows 1031 exchanges
5 August 2017 | 4 replies
I am located in jacksonville in jacksonville florida and am also an avid real estate investor with more than a 30 property portfolio consisting of primarily self storage, Carwash's and eve a 400 acre hunting lodge.
Andy Basler
Anyone combine business trips with personal trips?
9 May 2017 | 3 replies
I assume I can count these trips as business trips if I have the proper documentation showing what I've done at that location, and only the portion of the trip (transportation and lodging being the biggest) can be counted towards the business expense.Not asking for tax advice per se, just curious if others do this or any personal experience. thanks in advance
Anthony Lentini
Regular Checkins on Property
22 June 2017 | 7 replies
If the place was not habitable, then securing lodging for them at a hotel (paid by you) would have been a viable option.I'm curious.... when did their tenancy begin?
Becky Fischer
Upcoming MA State meetings regarding short-term rental tax
23 June 2017 | 1 reply
Beacon Hill lawmakers seem poised to bring the lodging tax to fruition, although the details have yet to be decided upon.
Account Closed
Hotel Valuation: Price-to-Sales, Coke Can & Room Rate multiplier
12 July 2017 | 20 replies
The Coke Can Multiplier seems to suggest the value of the hotel property = Number of rooms * $100,000 * Price of can of coke at on-site vending machine.I happen to be looking to buy a hotel with these numbers:# of rooms = 200;Median nightly rent (area specific median) = $109Number of days per year = 365;Occupancy rate (national average)=65%Revenue per year = 200 * 109 * 365 * .65 = $5,172,050Revenue per door = $5,172,050/200 = $25,860Estimated net profit = $478,932Hotel/Lodging industry data (see table below)median net profit margin = 9.26% median price-to-sales=2.13median price-to-earnings=29.59So if the Coke Can Multiplier were correct, it appears the hotel is worth (based on the price of coke at a nearby commercial facility): 200 rooms * $100,000 * $1 or $20,000,000.
Nicholas LaGatta
Guesthouses, In-Law Suites, and Other Vague Ares of the Municode
2 May 2017 | 3 replies
Is there any reason I can't have 2 "Guest houses, servant quarters, or lodging facilities for caretakers or watchmen" (R-4 zoning rules I am referencing) in a single structure with separate entrances not connected to the largest unit?
Justin Luedeke
Can I pay for Investment Club fees with SDIRA
12 June 2017 | 6 replies
It is out of state so you incur expenses: flight, car rental, lodging, meals, etc.
Account Closed
Is it a Motel or an Apartment Building?
16 June 2017 | 10 replies
I would also have to charge motel visitors the applicable lodging tax for their stay.
Mihir Bhimaraju
House hacking through Airbnb
28 September 2017 | 75 replies
@Robert J Carlson Airbnb is where you list either an entire home or private rooms for lodging.
Alex Grimes
Financing a rehab
16 November 2016 | 4 replies
I would have to line up weekday lodging...