Giselle Garcia
STINKY! Who is responsible?
19 April 2024 | 2 replies
If it is a multi-unit property, and you are the tenant without the cat, your agreement is with the landlord and it is their problem.IF you are either the landlord or the person with the cat, its the tenant with the cats problem.
Jing Tan
Do you pay buyer's agent fee now
19 April 2024 | 6 replies
Your paying for expertise, guidance and with the right person you will potentially save thousands in other ways.
Liran Afergan
Traveling Nurses Rental
19 April 2024 | 10 replies
I am personally staying away from STR‘s and MTR‘s because of its inconsistency.
Walter Parker
Intelligent Investor - Philosophy
19 April 2024 | 3 replies
You have code enforcement issue in one of those cities and they do not know you, your life is not going to be easy meanwhile the person who has been there for 10 years and knows the inspectors families name will have a very different outcome than yours.
Brendan Simpkins
Taxes for Rent by the Room House Hack (Can I take a PAL?)
19 April 2024 | 4 replies
My 2 cents would be that since it is your personal property that your CPA is right but im far from a tax professional!
Ashley Piccirilli
General Contractor working on my Two Family
19 April 2024 | 2 replies
Sometimes people who are comfortable managing the details of a job will hire a less skilled person to do it knowing they can get a MUCH better price and a "decent" job IF they themselves stay on top of how the work is being done.
Hannah Joy
Overextending? Need advice from the old timers
18 April 2024 | 26 replies
I personally like to manage the risk and take it slow and true.
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
18 April 2024 | 3 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
Jon Steffen
Out of State - Ski Property - Short Term Rental
19 April 2024 | 6 replies
Either A) you need to want a ski Airbnb/VRBO for the personal use of it but not the investment aspect of it or B) you need to be okay with some of the areas within 45 minutes of the ski areas that are totally open to short-term rentals and where the numbers are better.
Hannah Potter
When to hire a CPA?
19 April 2024 | 15 replies
@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.