Can remote STR help us to qualify STR tax benefit. STR in Florida and owner lives in VA. Managing remotely from VA after initial 2 weeks of onsite hours in furnishing property (~80 hrs) after closing in june.And 20+ ...
Has anyone ever seen this? I'm getting bids for a project now and there is no management fee. The other ones I am getting have contractor fees of $20-30k. Is it that he has low overhead? Thanks! Amanda
Hey everyone,
I’m closing on a deal at the end of this month, this will be my first time going through a rehab for a property and hiring out the work. I’m hiring a handyman because most of the work is things like pai...
Hey everyone, I have a sfr split like a vertical duplex. The basement has a separate entrance and is doing well on Airbnb. The rest of the home has 4 (potentially 5) bedrooms that I want to rent as individual rooms me...
Hey, I am in the process of buying a true duplex house hack and I was curious if anyone finds the Bigger Pockets Rehab Estimator tool to be accurate. The property has a small kitchen 212 sqft, I want to redo the tile ...
Good morning all!
I have a few questions for you guys. I am the project manager on a family project at the moment and we are getting started. We are converting a restaurant into a family clinic. I have pulled the demo...
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I recently bought a 1925 quadplex out of state... it has a lot of deferred maintenance including ‘some’ wood siding repair. Turns out the studs on the back wall of the building were all damaged by termite. My contract...
How long do you have to use your property as an STR before you can use the depreciation for the property against your nonpassive income?Can I buy a property on Dec 15, STR it for the last 16 days of the year, material...
I'm trying to set up my accounting General Ledger (GL) for my rental company (I manage / operate a 4-unit apartment building). Could some other folks here give me some feedback and let me know how you set up your cha...