
11 February 2025 | 11 replies
The only ones that will pay are the same ones that would have paid when you filed for the eviction.

5 February 2025 | 5 replies
You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow.

4 February 2025 | 7 replies
I’m in the Greater Seattle area—would paid ads work for this niche?

7 February 2025 | 4 replies
Best, but expensive and can still be defeated.5) Cameras & alarms - sorry, we're not paid enough to confront a thief in the middle of the night!

4 February 2025 | 5 replies
I paid an estimate of about 25k for each in cash.

31 January 2025 | 7 replies
My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

14 February 2025 | 15 replies
Often little cute items impress as much expensive items.

13 February 2025 | 10 replies
Almost like being paid to live there.

29 January 2025 | 9 replies
To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

7 February 2025 | 7 replies
(replacing the original HELOC debt) However whether the interest for the additional $200kish of loan will be deductible will depend on 2 things: -How were the renovations paid for?