Am interested in a copy of a professional log book as well...thank you...

Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

From updated tenant rights laws to shifting zoning regulations, staying compliant can feel like a moving target.

Check with your trusted tax professional. 

New Jersey is town by town with regulations. 

Any recommendations on the most efficient way to track your time when classified as a real estate professional?

Many carriers are including exclusions for GC commercial general liability coverage and professional liability coverage for engagements involving condos and even stricter exclusions when dealing with conversions.

To my knowledge, STRs do not qualify for the real estate professional status as they are seen as a business venture and not real estate activities (this is why it is a "loophole").

@Clifford Pereira You can claim Real Estate Professional (REP) status on federal taxes but not in California, as the state does not recognize REP benefits.

Everyone has said, "go talk to a professional," because that’s the only real advice any professional on BP can give.