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13 January 2021 | 31 replies
I say treat the agent and the contractor simply as they are, 3rd-party professionals.
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23 December 2020 | 8 replies
Even if it is your only home treat it like a real business and get software that does this for you.
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26 December 2020 | 25 replies
Treat every lead like a warm lead.
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23 December 2020 | 3 replies
When you are speaking to potential tenants, treat it like a job interview.
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1 January 2021 | 3 replies
@Christian HatchHouse hacking makes your tax situation more complex.You purchased a property that is treated as both an investment property and a personal residence.
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22 December 2020 | 11 replies
@Steve Totino, this is only slightly helpful where you are, but my mother-in-law, who spent her career in HR always says: "You teach others how to treat you"In this scenario, with you comment of multiple lease violations, you let those slip so now they think they can let others slip, like paying rent.
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19 December 2021 | 10 replies
So, the IRS treats any distributions in excess of your basis as a capital gain.Also, if you are living in one of the units owned by your company, then that is considered a taxable fringe benefit.And, if your S-Corp owns your rentals, then you cannot move them to another entity without paying capital gains tax including depreciation recapture.
22 December 2020 | 1 reply
Why not treat it like a deal?
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20 January 2021 | 3 replies
I treat it like a loan, because it is one.
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18 October 2020 | 11 replies
Most short term guests (Air bnb, VRBO) treat the property with respect and leave it in good condition.