Jon R.
Blue Ridge experience?
18 September 2024 | 29 replies
.- Your experience with your properties which do or don't have acreage / views / streams / ponds- Your experience with access to good labor (cleaning & handyfolks)- Your experience with the renters.
Alecia Loveless
Disposing of a Tenants Possessions
16 September 2024 | 3 replies
Just evict them with damages, clean it all up, and rent it out again.
Marc Shin
Property management for STR in Indianapolis
16 September 2024 | 6 replies
Evolve Vacation Rental:Evolve is known for being hands-on with STRs, providing everything from marketing to booking management, guest communications, and cleaning coordination.
Robert Mitchell
The Impact of getting a Building permit in the City of Atlanta
16 September 2024 | 12 replies
They recently cleaned house of a lot of the corrupt people and for now the wait times are worse than before.I had one project in a historic district- remember that the historic district department has a different intake deadline than the regular permit department.
Raja Shine
Tenant moved out breaking lease; default on rent since move out.
15 September 2024 | 7 replies
The reletting charge doesn’t release Tenant from continued liability for future or past-due rent; charges for cleaning, repairing, repainting, or dealing with unreturned keys; or other sums due.
Rachel Leonard
Purchasing a house without an agent
16 September 2024 | 10 replies
Appraisal comes back clean and not 'subject to' (your lender can help here).
Account Closed
Middletown CT, fight a 40 percent tax increase 2023
16 September 2024 | 9 replies
Hi all,I have a single family home I purchased in June 2021 for 200k.Aside from cleaning up the yard, painting, and new water heater there have been no improvements.I recently got a letter that my taxes are going up as they believe the property to be worth 225k as of June 2022.
Cali Skier
Clean, paying early tenant, got a cat, we found e-cigarettes
10 September 2024 | 12 replies
They are friendly tenants, They call us immediately when there is a problem, and every time either of us is over there, the house is very clean and there are no odors...
Davin Pauline
CPA or financial advisor for tax advise and which house to pay off sooner
16 September 2024 | 12 replies
One leaves and it’s $10,000 to clean up?
Marc Shin
STR bonus depreciation when purchasing with an LLC?
15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.