I recently purchased a second investment property in SW FL that is listed as a rental with a professional property management firm. I am researching insurance options and looking for suggestions / referrals.
I would like to start a consulting business where I would advise first time owners of SFR to enable them to manage their property independently. I would offer suggestions on how maximize rent. This would include sugge...
Tax question. I am not a real estate professional. However, I accumulate a good amount of passive activity losses from rental properties. An opportunity has come along to partner or JV with a company that does a nu...
I have 20+ years as licensed real estate professional (and beyond that in real estate consulting), 16 years in property management SF/MF, 90+ units, 97%+ occupancy and collection rate. I had taken a break in the busi...
What is Real Estate Professional Status?
Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other typ...
Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...
Do you share rental history for past or current tenants? Is it a hassle?
Hey guys,My property is near Lackland AFB in San Antonio, listed on Airbnb and VRBO. I have been trying to get longer term stays but nothing. I have it listed on FF for almost a year, Zillow, through rent redi, ALE, h...
Hi all-I was reading one of the blog posts on the Short Term Shop blog about Schedule E vs C, passive vs non-passive. In the blog, they reference, "According to Treasury regulations, vacation rental owners who rent th...
So Ive got some written contracts, Im wondering if i could sell these ?! Is it legal ?Examples include applications to rent, lease options.. etc