Hello @Jay Moore Renting out a room can be an excellent way to bring in some extra money, but I’ve found that there are a few key steps you’ll want to follow to make the process smooth and successful. 1.

But the Subto team excels in guiding you.

However if the host elects to pay the entire fee then that would make the host fee 15%, which would need to be subtracted instead of 3%.On that screen there is a button to export the report via Excel. 

Real estate is an excellent way to leverage deductions and reduce taxable income.

@Samuel M.I have an excel spreadsheet that you can plug in principal payments and see how much interest you can save.

As others have mentioned you start on Form 4562, but in my opinion you should have a simple google sheet or excel to track all of this for your properties.

You need to master the art of doing a few and then take on multiple projects once you have systems down.

And after moving from excel, I also used rentredi, quickbook, avail, zillow rental manager, and a few others i cant remember. 

This is an excellent opportunity in today’s market, and we will be able to provide you with more details in approximately one week.Just remember 90% of 0 is still zero.

Propstream was too expensive for me, but for my needs and for any new investors I would say Propwire is excellent - and FREE.