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30 September 2024 | 11 replies
I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!
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30 September 2024 | 24 replies
The goal is to capture a buyer’s attention within the first 20-40 seconds, as they walk from their car to the front door, creating a positive impression before they even step inside.In this case, it’s crucial to ensure your home stands out without clashing with its surroundings.
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2 October 2024 | 38 replies
AS for building 3 mil more homes that will cause price rises again in lumber and other items for the house not to mention man power ..
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27 September 2024 | 15 replies
But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.
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29 September 2024 | 6 replies
So if there is an item that we really want to purchase then we will save up for that big purchase.
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27 September 2024 | 0 replies
We are not finding the answers we seek on the exact best way to set up the accounting side of things, a couple gaps in the flow from adding inventory items on a Work Order to the billing phase, etc.
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27 September 2024 | 9 replies
I do have great cleaners and they will drop items off or handle some small items (for a charge). luckily that doesnt happen that often.
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28 September 2024 | 12 replies
These are just a few items that may not necessarily jump out to you in your excel spreadsheet but are often realities of owning a condo.
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27 September 2024 | 6 replies
The only other move in charges that we have are for pets, remote controls, and some other odd items that come up.
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27 September 2024 | 11 replies
Hopefully, your lease says the tenants cannot modify the property without your permission.Some of the other items could be ordinary maintenance requests or something you are just stuck with.