How do people who acquire and manage STR's track the time for their Active Material Participation activities?  Can someone share with me a template or something that I can use to track these activities?

Boy, time flies! It was just a few short years ago I was reaching out to flippers, asking as many questions as I could until I ran out of questions to ask! I've been in business rehabbing single family houses in centr...

So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...

Material Participation Activities:
Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.
Contractor Management: Oversee the hiring and coordination of con...

Can you still be considered a real estate professional while using a management company for AirBnB? I want to use the losses to offset my W2 income. Thanks

Assume that (in a given year) I'm a Real Estate Professional, and I've passed both the 750 hour test for my real estate activity and the 500 hour material participation test for a rental property I own and manage. Ass...

In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...

Should I hire a general contractor and do all the work? Or is it better to hire different contractors to do different work (painting, kitchen rehab, bathroom rehab, etc)? Also, should I buy materials from store or use...

I have some questions about the material participation rules for the STR tax loophole. I would appreciate any insights.
1- In a partnership or LLC, can both partners benefit from this strategy if they invest in the s...

I'm about to go into contract on a property I want to use as an STR. I’ll likely close on the property around early November and it will need small cosmetic updates, maybe a new deck, and of course new furniture set u...