Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Joshua Dorkin
WallRX: Fill Those Wall Holes Easy -from the Shark Tank
Ok - I just saw this product on the Shark Tank and thought is was absolutely brilliant (as did the sharks, as seen by the feeding frenzy to back the company): WallRX
You can watch a demo here
Basically,...
Evan Hauler
Tenant want to hire and pay for a plumber themselves
Hello, I just bought, my first ever property/home (woo), and there is an existing in the lower unit. And they have reported a slow clog in their bathtub, the thing is they offered to hire a plumber and pay for it them...
Malik Mo
Abandoned unit in Minnesota
Does anyone know the rules in Minneapolis for abandoning the unit by tenants? Assuming the tenant is gone without paying the rent and no where to be found or called for over a month.Thanks
Adam M.
GP Advice? Maintaining Communication With Passive Partners (When NOT in a deal)
Hello BP,Just curious to hear how other GPs keep LPs in the loop when they are looking for deals/do not have any opportunities currently available for them? I know some like to do newsletters/mailing lists but I was c...
Account Closed
LLC vs. Umbrella Policy
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection.
My lender is trying to determine if that would vio...
Simon Lee
Four Corners STR Resorts -- Cliff Notes?
Hi everyone,
I'm based out of CA and have been considering investing in a Four Corner resort area turn-key STR. I've done a lot of reading and want to make sure I have all my facts lined up before I pitch this idea ...
Marco Ramirez
Las Vegas Rental properties
I have been kicking around the idea of purchasing rental properties in the Las Vegas area. I am a California native so this a new market for me and I do not have experience with out of state real estate. Anyways wante...
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Paint selections when rehabbing?
Howdy,
My wife and I are working on our first rehab and we have some questions about interior paint. Everything I've read about painting when it comes to rehabbing says use high quality paints. With that in mind I ...
Suzie Remilien
Performing Notes - Training advice for Seattle newbie
Hello all,
After reading the BP Beginners Guide, browsing the forums and reading a few titles on the best real estate book list, I've decided that investing in residential performing mortgage notes (1st posit...