We launched some paid advertising, however the results were bad.About 6 weeks ago I started doing deeper research on his particular business model and I began putting the pieces together to help generate some leads and get him and my sister back to making money again.Fast forward to just over a week ago since I completed his setup, and so far he’s had 5 appointments to view job sites so he may submit bids, and he’s locked up 2 contracts worth $15,500 and $31,500 totaling $46,000 in new business.This case study serves to support any REI professionals seeking inbound leads including…

Contractors of all types (Roof, Foundation, Electrician, Plumbing, Painting, Etc...)


I think you underestimated the monthly expense, and overestimate your income.Two, don't include utility into the monthly rent.

The property includes a small house with a detached garage, offering significant potential.

I would consider hiring a structural engineer to provide you with a report as well.

General considerations include:Income Taxes- Report rental income, distinguishing between short-term and long-term rentals.- Utilize depreciation deductions to reduce taxable income.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Do I include all this in the emails or only in the emails of interested investors?

If you have 2.1mil in long term capital gains, and you take it in 2 halves, you'll still be taxed at 20% with today's tax code (good of you to include NIIT). 

You can't blame your preparer they are simply reporting a transaction and I'm guessing you didn't consult with anybody before you sold the property?   

Our also list includes: WifiWifi enabled keypad and back up lock box on the property Starter supplies (toilet paper, paper towel, soap, trash bags)Linens24/7/365 answering serviceInstructions on only the most important things (if we overwhelm the house with signs, they don't read them)We don't have a dishwasher in a number of our properties and it hasn't impacted us. 

I view our Insurance agent as a strategic team member--anytime we start to get serious about a deal they will run reports, even help us pull comps and get creative about what the right coverage is.