Nik Gernhard
SHST, De Minimis, Routine Maintenance Safe Harbors
I have looked through other threads here and elsewhere and still not able to find the answers to my specific questions.We are closing on a property soon and going to use as a short term rental. This is our first and ...
Claudia Becerra
Advertising for rent during renovations for tax deduction purpose
I once read an article here recommending to advertise your property for rent prior/during renovation in order to be able to deduct those expenses during that same tax year. I cannot find it. Can someone please refresh...
Allison Karrels
Mortgage Math Question
I was running the numbers the other day comparing stack vs snowball for my 4 rental property mortgages and I wondered if there was a 3rd option for debt repayment specific to mortgages. For a mortgage your payment...
Devin Lembcke
Security Deposits Return
Hi everyone, I have a tenant who broke their lease agreement less than 1 month into a 6 month agreement. The lease agreement clearly states that the "Security Deposit", and not "Damage Deposit", does not have to be re...
Brian H.
Tax strategies when you start making a bit more...
Howdy everyone. Hope you are all doing great!So, this year, I will make around $140k on paper. I make right over $70k at my day job (with... no benefits, yes I know, moot point) and my rentals will pull in right arou...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?
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...
Amol K.
Timing of next property for interest deduction
I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out f...
Jarred Black
Is rental income taxed?
I know some landlords that manage their own properties and collect their rents personally. I know some that record this income on their taxes and some that don't. Should landlords file rental income on their taxes or ...
Account Closed
Attention Oil and Gas Folks: Investment Opportunity or Scam?
Totally out of my depth on this and interested to learn more. I have an opportunity to invest in the Working Interest through a Participation Agreement on an oil and gas "development". However, no drilling is requir...