that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

That way you can run separate reports for each business and by rental property. 

Inexpensive, intuitive, and has a lot of good features, including the late fee penalty.

All of my rentals fall in the 1% to 1.5% rule, including a newly built 8 unit complex in Barboursville, WV.

I agree though, I'm really leaning towards keeping it as a rental for at least a year or until I need to maybe include it in a 1031 deal. 

If you have it fully renovated, including mechanicals, roof, etc.

I've seen conflicting information on when/whether these costs are deductible — most, including Pub. 536, seem to apply to the *purchase* of a rental property, and resources that deal with sales have focused heavily on either straight-up sales with capital gains taxes or on 1031 exchanges with deferred gains.

For investors, property managers, and construction professionals, the message is clear: the future of real estate lies in innovation and sustainability.Here are a few tips for incorporating technology and sustainability into your real estate strategy:Stay Informed: Keep up with the latest technological advancements and sustainable practices in the real estate sector.Evaluate the ROI: Consider the return on investment for implementing new technologies and sustainable features in your properties.Think Long-Term: Investments in technology and sustainability may require upfront costs but can lead to significant long-term benefits, including increased property value, reduced operating costs, and a positive environmental impact.