I hold two properties in an LLC, one property is currently a STR with less than 7 night rental on average and I provide hotel-like hospitality services and materially participate.

A percentage makes sense also because a more expensive rental has more expensive things in it and likely is more expensive to repair/maintain. 4.

Hi Bigger Pockets Investors,My wife and I purchased a rental property in Bend, Oregon 1.5 years ago for $480k and put another 30k into rehabbing it.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $38,000

Cash invested: $48,000

Single family,
Home in an older established neighborhood needing complete updating....

If your long term goal is to own rental properties, it might be worth keeping and pulling equity out for a down payment on the next house.

depreciation from my rental properties

If you have money that you want to invest, then consider the rentals and pushing for the income stream.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

In this case, where they NEED to secure a new rental vs a case where they merely WANT to move, they’re expectations will become realistic VERY quickly.If a property owner could net the same amount of money doing a long term rental, then that’s what they’d do so to avoid the more work and less uncertainty of 30-90 day rentals.

Hi Adriana,I run a short term rental property management company in Austin, TX which manages about 40 properties.