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8 January 2025 | 14 replies
You might even want to setup a C-Corp (for tax and liability reasons as well) to manage the business with the guests and pay rent to your LLC.
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28 January 2025 | 9 replies
I have a few rentals with section 8, and they are professionally managed.
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25 January 2025 | 1 reply
I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties).
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20 January 2025 | 14 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
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25 January 2025 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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18 January 2025 | 15 replies
Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow.
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23 January 2025 | 14 replies
I also wonder if some hosts only list during football season and then transition to mid-term rentals (MTRs) the rest of the year.New Tax Changes Coming in January 2025Starting January 2025, Airbnb will automatically collect and remit the 5% tourist tax for Gainesville.
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1 February 2025 | 9 replies
However college kids or young professionals will most likely not care.In Danbury you have to look out for hidden gems.
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7 February 2025 | 13 replies
It is a tax write off.
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20 January 2025 | 7 replies
If you can rent it for $2,000/month, after fees, taxes, and potential maintenance costs, you’d still make a decent passive income.