Hello All, I purchased my first rental property in Houston on August 2017. I listed it for rent right after closing. House required painting and many small repairs (not improvements/capex from what I read from IRS rul...
HelloDoes anyone know if the short term rental tax depreciation against w2 income has an income limit?I know there is 150k income limit for long term rentals. Does this apply to short term rentals?Regards mike
Hello Tax pros,I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months (already had call with IPX) and had a question relating to my taxe...
BP Community, as a newbie investor in Rental Single Family properties what is something I should be starting as a foundation to my future rentals. I hear that if you wait until after a few rentals to contact a CPA and...
I’m finally in the position to actually take action and purchase my first rental property after I close on my primary later this week. I’ve got the process down of running my numbers, finding an agent and finding a de...
We have had our duplex for one year now, and aren't looking to acquire any more properties.Maybe this is a dumb question, but do I need accounting software (Quickbooks, etc.) or can I just do our taxes with Turbo Tax ...
Can anyone recommend good software for commercial and multi-family property management.I am a Realtor from Canada, looking to get into property management.
Hello, I'm looking for recommendations for accounting software I can use for my property management business. I exclusively manage STR & MTR that are managed through Hostaway. I'm looking just for an accounting so...
Hello, I just finished The Self-Managing Landlord by Grace and Amelia. In the tech stack section they break down options for property management, bookkeeping, and project management. I'm currently on the fence as to w...