This is the first end of tax year for my STR business.   I've done my own taxes for years, but this will be my first time with an LLC & small business.Any advice regarding taxes or accounting?

I am trying to get my barrings straight on taxes, fees, etc. associated with short-term rentals.  In my state short-term is considered less than 30 days.  According to my reading once classified as a short-term stay I...

I'm in process of switching accountants, and my old accountant had always put all my long term rentals under Schedule "C" when filing. However, my new accountant is telling me that all the long term rentals should hav...

Hi all, I wanted to get some specific advice as I am planning for my sons (and future children's) future, and am trying to decide on what type of account to open for my son to start investing
I originally was drawn t...

Hi,We are closing on Friday on a property upstate that I would like to use as a vacation home and rent regularly through VRBO/Airbnb.I've read of the importance of keeping a separate bank account for our rental proper...

Hello Folks!Got a newbie question.  I recently closed on my first rental apartment here in NY. The seller is renting it back from me for the first year at least. My question is do you have a separate account where you...

Hello Everyone,
I'm preparing to purchase my first investment property in the new year, which I plan to house hack. I already have an LLC that I originally set up as a business entity to facilitate managing, overseei...

LLC/vacation rental property jointly own with another couple. Where do we complete business taxes? Property is in another state than where we reside. Just purchased the property in Oct. Recommendations for someone in ...

Morning,
            My current accountant charges me $725 to do my taxes for my three properties. Is that normal? Or should I go somewhere else?
Thanks. 

Checking accounts...do you have a separate checking account for each property/LLC or 1 main account that all of the properties run through? This is a question for everyone that manages their own properties, as well as...