David K.
Lead Paint Issues and the Market
In the North East, and really any older Amercian town or city, the majority of rental buildings are lead painted. For the most part, Government has turned a blind eye towards helping rental owners in spite of the true...
Tiffany Colter
Found good Lead Paint Tester for Toledo Lead Safe Ordinance
Toledo, OH investors-I hope this is allowed here, but since I've asked so many questions I wanted to share something I found. I am getting lead tested for my rental before I put tenants in there and I found a great le...
Johathan Casell
Client complains of HVAC allergies
Our tenant of 2 months is complaining about allergies that he says seem to be triggered by having the HVAC on. He mentioned thoughts of dust or mold being the issue. When we turned the place around, we didn't notice a...
Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Joe Spinelli
Real Estate Professional - 750 hour question
Hello everyone! I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job. My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense. H...
Brian Morgan
Me big W2, spouse RE pro. How write off 1/3 LLC losses?
Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
Chetan P.
Plumbing company asking $1800 for hydrostatic testing
Hello - Folks I am remote property owner of SFH in Austin area. I own a home relatively new (5 years) and there was a major leak in the house that I had to get fixed and a lot of restoration work is needed. I believe ...
Brandon Warren
STR taxes with material participation on a previous primary residence
I converted my primary residence to an STR around June after living in it for a year. The title and mortgage are still in my name and not transferred to my LLC. I meet all the criteria for material participation and a...
Account Closed
Tax considerations you MAY NOT KNOW about short term rentals
In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations. According to passive activity loss rules, every business is obli...
Account Closed
World's first personality test for screening tenants
I'm looking for feedback to help improve a new service that I created.
[Disclaimer: this will be a commercial service from which I stand to benefit.]
I am an assessment scientist with a Ph.D. in Psychol...