Dom Radcliffe
W9 or not for AirBNB cleaners?
Do we need our cleaners to complete W9 if they are independent contractors and prefer payment electronically via Venmo or Paypal? I read that for payments processed electronically (credit cards, bank transfers), we do...
Joe S.
Is refinancing TK an option?
So to be clear I understand the BRRR, but Turn Keys are another story. Let’s say you buy a TK at full retail plus. Your down payment is locked up for a longtime. Am I missing something? Is there away to keep recycling...
Account Closed
Looking for a part-time property manager
Looking for a part-time property manager / project manager. hourly pay is anywhere between $15 per hour to $25 per hour depending upon experience. the following are the key responsibilities:1 -working with vendors and...
Matt Jamieson
Capital Gains Tax Exemption on 2 Homes?
Hi All!Google Search came back with, "When does capital gains tax not apply? If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,...
Account Closed
Mid-Term Rental - Insurance Adjuster Booking for Guests
I have an Airbnb and an insurance adjuster who wants to book the place off Airbnb for two months. I'm curious if anyone has any recommendations or experience with this.
I plan to use my standard lease and add furth...
Jon Fletcher
Depreciation and Passive Losses
I read a lot here about people having passive losses or paper losses once depreciation is factored in. But depreciation for a residential property is only 3.636% each year (27.5 years). I know this is a good problem t...
Preet Oberoi
Tax benefit of STR/Tiny home - Will it work ?
Hello everyone, I am looking into buying my first Airbnb and the sole driver for this choice is to be able to take depreciation of my two LTR properties against my W2. Can anyone poke a hole in this approach ? Also, w...
Chris Hicks
General Excise Tax on Rental Income Hawaii
Hello All, Just trying to get some clarification on why HI has a GET (General Excise Tax) on gross rent. I have searched around with no answers. I understand that you have to pay taxes on rental PROFIT. But HI char...
Pedro Leal
Is it illegal?
So I have a tenant who hasn't payed rent for two months. I could evict her but, it's a long process. Do I have the right to take away the appliances I own in that apartment,from her? To make her life more complicated....
Ben M.
Tenant pay renewal fee
Is it standard for property management to charge renewal fees to tenants if they want to renew their lease?