William Coet
AI (artificial intelligence) and What Markets Will Benefit
28 January 2025 | 1 reply
For instance, in cities with lots of medical clinics, salons, or hotels, AI automation could help businesses optimize daily operations, reduce costs, and provide better service.
Paul Stewart
STR Life- Remitting and paying Taxes
16 January 2025 | 11 replies
If you are a STR operator how do you deal with remitting and paying tax?
Jeremy Beland
If you’re struggling to get traction in wholesaling or real estate investing..
29 January 2025 | 1 reply
The ones that build out great companies build the skills, then they teach the skills to people to set calls for them, go to appointments for them and they continue to build out their company as a marketing/sales operation that is more fluid to create more revenue.
Kris L.
Agent Conundrum in Dunedin
23 January 2025 | 2 replies
The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?
Brian Fisher
Pocono Short-Term Rental Disaster - Management, Legal, Insurance?
29 January 2025 | 3 replies
It is important to remember you own real estate in the Poconos and you are choosing to operate a STR business.
Alex Silang
Mass deportations: will it affect rental markets?
22 January 2025 | 61 replies
Dr's, Nurses, Electricians, heavy equipment operators etc etc..
Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
Each should be able to operate on its own.
Tomoko Hale
A possible first STR property?
28 January 2025 | 29 replies
If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.
Jerry Zigounakis
First STR Advice
28 January 2025 | 10 replies
I will say that even though you get the boost from VRBO and AirBNB, the first year of operation is usually lean as you build up the rep.Offering a discount on the stay is a way to be more attractive but don't go crazy.