Patrick Britton
Assumptions of occupancy and expenses for Airbnb
Hey Folks,I am curious to know what typical assumptions are made with respect to the occupancy rate for an Airbnb. I've heard and seen some at 50%, others at 70%. As well, what other expenses should be assumed with ...
Reid Mathews
Can I Write Off Expenses Through LLC
Hey friends, this may be a silly question. But if I set up an LLC (to buy rentals in the future of course), can you buy anything in the name of the LLC if it is business related? The exact example, could I set up an L...
Matt McCue
Expenses incurred finding a rental property deductible?
Hi all, are expenses incurred searching for and/or purchasing (going to the closing) rental property tax deductible...whether that be mileage, or airfare to another state?
Gaston Ledford
Capital Expense Budget for Single Family Rental????
Hey y'all, wondering what percentage to budget for capex on a 3000 SF, 4/2 that's been completely renovated over the years (not expecting any huge projects to come up). I was thinking anywhere between 5-10% of gross,...
Jeremy S.
When to deduct expenses for flip (taxes)
I'm trying to get and idea of how this situation will effect my tax bill for 2015.
I purchased and renovated a house in fall of 2015 with cash from a heloc on another property. I have had several showings but I am n...
John Warren
Rehabbing first house in an expensive area?
I am looking for general advice on how to handle a first flip. I have a very interesting off-market opportunity in an "A+" neighborhood. It would be a fairly expensive flip, but the upside is also pretty amazing. Is i...
Andrew Syrios
Expense Ratios for Office and Industrial Properties
Hey there seasoned commercial investors. I'm looking at a few industrial and office buildings that look very interesting but the owner doesn't have much in the way of a P&L. There's the old 50% rule for apartments...
Greg Hoffmann
Require Tenants Make a Relocation Expenses Claim?
Hi FolksI have a duplex in CA and the lease requires the tenants carry a renter's policy. Recently there were some maintenance issues that required they vacate the premises and stay in a hotel. I've agreed in principl...
Christian G Leone
FHA Loan House Hack in Expensive Area?
Hello all, I live in Bergen County New Jersey which is a pretty expensive market. Any decent multifamily is going between $450k-$500k. I make $70k and have a 760 credit score so that should help with interest rates an...
George Habator
How to classify property management income/ expense
Hi, all. I manage a few properties for others using an LLC and have a few tax questions. All answers are appreciated. I'll use one property with round numbers as an example. The tenants pay rent to my LLC and my LLC p...