Annie Balagot
Short term rental as an active activity
Hi,a little confused about the short term rental loophole. Seems i can use my paper losses on my STR against active income if my avg stays are less than 7 days and I pass the materially participation test. Here's my ...
Glenn Espinosa
Materials Processing Systems and Overall Tips
Hello guys! I'm working on increasing the efficiency of my company's materials processing and am looking for ideas. How are you guys managing materials processing? What issues have you experienced in the past and how ...
John Bernardo
Pass through expenses for STR - active or passive designation?
I'm working with a CPA who is arguing that STR should be considered a passive designation and therefore losses in our holding LLC cannot be applied to my W2 wages (which are > $150k). My spouse and I will be alloca...
Jason Smith
STR Operating Model for Tax Benefits
Hello All,
I wanted to get some feedback based on a recent discussion with my CPA. I have a STR property that is in a FL land trust and I set up an LLC to property manage this property (collect rents, etc). I self m...
Stephen Lynch
Advice on managing out of state rehab
Hi all,I'm curious to get everyone's lessons learned / best practices regarding managing out-of-state rehabs. To start....- How are you allowing contractors in/out of the property & securing materials?- Do you hav...
Annie Anson
How to meet material participation hours for out of state investors
My husband and I are ready to invest in our first vacation property, likely in Florida. We hope to eventually have multiple properties, but want to take our time to learn and make the right decisions with our first re...
Steve Rhine
General Contractor or Manage your own Sub-contractors
Hello, I'm an investor from Tulsa Ok and I have a question for the rehabbers out there. Does it work better for you to hire a GC to oversee the project or do you have better luck hiring subs and managing it all yours...
Richard Snyder
Active versus Passive Realestate losses
I bought 5 single family rental homes this year so I have a lot of negative cash flow to report on taxes. I'd like to declare myself a "real estate professional" as I'm on sabbatical from my W2 job this year and coul...
Bob Lett
Time and material, pros/cons
Working on a whole house remodel that we are going to use as a second home and STR/AirBnB. With our contract purchase price + contractor quotes we have little to no wiggle room for intangibles based upon ARV. This is ...
Liam ONeill
Propert management renovation fee
Is it industry standard for a property manager to charge 10% of renovation cost over 10,000 because typically there will be attention needed from them. I should mention the pm hired a general contractor who gave us a ...