Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Marcin Chojnacki
Another Beautiful Renovation and Beautiful Payday!
Wheeling ILPurchase: $126,100Reno: $44,800SOLD: $231,000PROFIT OVER $45,000!
Stephen DiNanno
Vinyl Plank Flooring
I'm looking to purchase either floating or glue down vinyl plank flooring for a single family home renovation. Anyone know of any good building materials supply companies, or other supply sources that offer similar qu...
Joe Fish
Understanding STR trends
For the experienced STR investors, what insights can you share about occupancy and rate trends? How is 2023 shaping up relative to the past few years?I hear a lot about how over supply is driving down prices and occup...
Barry Belknap
Does the 50% rule hold true for vacation rentals?
I'm considering Hawaii in particular but was wondering in the broad market as well, does the 50% rule hold true for vacation rentals? I know the expenses are different given the nature of the revolving door that vacat...
Katie Hartung
New to STR management for others and seeking your expert input
I was contacted to help manage a STR in my market which is Midwest WI as I already own and manage 3 of my own STRs and am doing well with them. Their property has a TON of potential and I can envision it being a great...
Steve Hannibal
Refrigerator, washers, and dryers...include them or not?
I am about to rehab my first property as a buy and hold rental. It is a 3 bed 3 bath SF home. Part of my rehab will be a new kitchen including new cabinets, range, dishwasher and counter tops, etc. My question ...
Andrew Austin
Are We Headed Towards Another Housing Crash?
Background
Since the start of the Covid pandemic in March 2020, home prices are up a staggering 45% – according to the National Association of Realtors. Sellers have enjoyed a wildly imbalanced market for the past c...
Sean Wilt
Property Management Fee???
So considering a major life move :). I'm new at this STVR biz (about 2 years) but feel I have a good handle on what it takes to make money in this space managing our 2 properties on our own. As we continue to build...
Johann Jells
Refacing laminate cabinets?
I have a kitchen with 70's laminate custom cabinets. It seems worth exploring new doors and refacing the carcasses rather than ripping it all out or just leaving it. Anyone have experience with this kind of job? What...