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The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

For example, San Jose updated the rent control ordinance June 17 of this year.What is the PM's philosophy in handling tenant relations? 

Sounds like you're doing a smooth transition from a 1BD to a 2BD co-op, congrats!

My lender is requiring this and I need to find it ASAP.

This ensures you accurately reflect your active involvement in managing the STR.

Hello anyone and everyone, I am new to the real estate scene but I have been reading books and learning through podcasts for the past year in my free time.

I’m new to the world of real estate investing but excited to continue to learn more!

My P&L from QBO has the properties listed under each LLC.

This one will require moving several walls to reconfigure the space.