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9 December 2020 | 3 replies
@Andrew SchraderRental income is passive in nature and does not qualify as a business to sponsor a Solo 401(k) or the type of income to contribute to a 401(k).Schedule E passive income is good.
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7 December 2020 | 1 reply
From the rough outline that I have been provided, it appears that a condo complex will be ineligible if any of the following apply:- Is transient in nature, offering hotel type services (including those offered by the HOA or management company) such as registration services, rentals on a daily or short-term basis, daily cleaning, central key systems, etc.- Is professionally managed by a hotel or resort management company that also facilitates short term rentals for unit owners- Has obtained a hotel or resort rating for its hotel, motel, or resort operations through hotel rating providers including, but not limited to, travel agencies, hotel booking websites, and internet search engines.- Projects or HOAs that are licensed, or have a designated licensed agent, have a permit to operate, or are registered, as a type of transient housing for the rental of non-HOA owned units.- The HOA receives revenue from, or pays expenses for, hotel type services including a registration desk/rental registration desk, or an onsite rental operator's desk, or a rental website/hosting platformI would imagine, just like in Destin, FL, that there are plenty of cities across the country where there are front desks and management companies running a large majority of the STRs in their complex.
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7 December 2020 | 0 replies
From the rough outline that I have been provided, it appears that a condo complex will be ineligible if any of the following apply:- Is transient in nature, offering hotel type services (including those offered by the HOA or management company) such as registration services, rentals on a daily or short-term basis, daily cleaning, central key systems, etc.- Is professionally managed by a hotel or resort management company that also facilitates short term rentals for unit owners- Has obtained a hotel or resort rating for its hotel, motel, or resort operations through hotel rating providers including, but not limited to, travel agencies, hotel booking websites, and internet search engines.- Projects or HOAs that are licensed, or have a designated licensed agent, have a permit to operate, or are registered, as a type of transient housing for the rental of non-HOA owned units.- The HOA receives revenue from, or pays expenses for, hotel type services including a registration desk/rental registration desk, or an onsite rental operator's desk, or a rental website/hosting platformI would imagine, just like in Destin, FL, that there are plenty of cities across the country where there are front desks and management companies running a large majority of the STRs in their complex.
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9 December 2020 | 11 replies
We also do not have a yard due to the nature of townhome living.
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16 December 2020 | 46 replies
Do a lot of that for the next couple of months; analyze 2-3 deals a night until it becomes second nature to you.
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10 December 2020 | 22 replies
I am passionate about getting out of the rat race, freedom, and nature.
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11 January 2021 | 3 replies
So there are always risks....just the nature of the game.
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13 September 2021 | 8 replies
Short term profit is about 40-50% more and I usually have guests visiting natural areas around or to do with the students in some capacity.
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9 December 2020 | 4 replies
I chose portable because I could use it at rental properties if needed and it cost way less than installing a natural gas powered stationary generator (that is the ideal setup).Prior to having the panel bypass, we just ran extension cords to the fridge.
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9 December 2020 | 1 reply
Do they utilize consistent, natural lighting?