Anthony Dray
Vacation Rental Owners and Tax Classification of STR's
I've owned a vacation rental for about a year and a half now and it has been operating full time as a vacation rental but I want to maintain a steady income stream by renting it out for medium terms stays (3-4 months ...
Raj A.
Standard classifications for areas A through D?
I've read a lot about "classes" e.g. "this unit is in a Class A area" or "this duplex is in a Class B neighborhood" etc. Is there any standard for how areas are classified i.e. does the NAR have a standard classificat...
Stephanie Dupuis
Property Management W-9 Tax Form Question
I recently decided to try using a property management company - interviewed them, will try one on a property and see how this goes.
I'm filling out the paperwork and...
1. W-9 Form. My property is an LL...
Tj Hines
Class A, B, C, Apt Buildings
BP family,I'm having just a small hangup on classifying apartment buildings. I've been taught and learning that:Class A apt buildings are 10 years older from today's current yearClass B apt buildings are 20 years old...
Andy Winningham
Classifying as a rental property vs. classifying as a second home
Hello. Question for the community. I'm a financial planner in Dallas, TX and I've got a client who is considering the following decision and I'd love to hear some wisdom about how to advise him to proceed. Situation. ...
Christine Garnier
Several Different Land Use Code For Same Land Lot
I purchased a land lot lately and thought it was a residential land lot in Fultondale AL.
After ordering a title search, I found out that the lot was classified as "vacant commercial lot" on the title search report. ...
Paul Hernaez
Buying a place downtown Boston for Airbnb
Hello,I was looking to buy a apartment downtown Boston and rent it on Airbnb.Do you think it would be a good investment even though a nice apartment downtown Boston is around 600 thousand ?It would rent extremely well...
Jerry N.
Clasisfication of class A, B, C, D ... MFH and apartments?
I think I use to know what the classification of class A, B and C apartments meant but recently that knowledge has been challenged so here is my question.
Could this very from market to market or even investor to inve...
Julio Gonzalez
What is Considered a Quality Cost Segregation Study?
As most of you know, as part of the IRA, the IRS was allocated significant funds to hire new employees. With that comes an increased audit risk. One of the things that IRS auditors look for when auditing a cost segreg...
Robert Perea-Martinez
"Dealer" classification while doing Lease Option Assignments?
Hey all, quick question. When doing lease option assignments or when assigning subject-to contracts, are those situations in which you'd have to worry about the "dealer" classification tax-wise? I know it can be a com...