Kyle Jacques
What is the best STR Guest Guide Book?
19 November 2024 | 12 replies
We have our Guide Book on the counter in the kitchen.People like to have something to look through, plus other guests leave flyers from places where they ate etc. with notes like, "Great food" etc. written on them.
Madelyn Felix
Remote property access and cameras for self-guided tours?
20 November 2024 | 23 replies
I think the evictions are a tenant screening issue more than an issue with self-guided tours vs in-person.
Michael Calvey
Automate Your Short-Term Rental and Get Your Life Back: A Step-by-Step Guide
19 November 2024 | 5 replies
Managing a short-term rental (STR) can feel like a full-time job. Constantly juggling guest messages, cleaning schedules, and last-minute bookings can turn the dream of passive income into a daily grind.
But with the...
Audrey Scott
First-Time Home-buying Guide
25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!
James E.
Real Estate professional logbook example
26 November 2024 | 186 replies
@Clive Smith I have a sample log in format that follows the IRS Audit Techniques Guides (ATGs).
Melanie Baldridge
"Does the IRS require site visits for cost segregation studies?"
13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
Isuf Aruci
Land development & Spec building
22 November 2024 | 7 replies
Quote from @Isuf Aruci: Hello all, Is there anyone that is familiar or can guide me to the process of land development ?
Robin Cloud
Three Applications...who to choose??
22 November 2024 | 12 replies
Here's a detailed guide on how to screen applicants: Application Screening Guide
Ryan Leake
Navigating STR Loophole Tax Strategy: Success Stories and Cautionary Tales
18 November 2024 | 47 replies
I made a tracker based on the IRS audit guide.
Minnina Smith
Just Starting Out & Have Questions
20 November 2024 | 19 replies
Is there a beginners guide I can reference?