Minh Lai
Are operating expenses tax-deductible? & Other Tax questions
Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
Austin Smith
Best way to run financial operations for landlord business
Hello BP'ers Just wanted to gain insight on how you run your rental business in regards to finance operations. Do you accept rent payment electronically? Did you open up a separate bank account to track income/expense...
Kelvin He
Is operating with negative cash flow a good move?
Hello, this post is an update to my previous post : To summarize that post: buying a house for ~$250k w/ a 30-yr fixed rate loan, will try to lease it out for ~$2k a month, monthly expenses are ~2.2k a month.The fixed...
Kyle Lauriano
Operating an LLC - Can I Finance my Deal Personally?
Dear Lenders, I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the B...
Kikko Maeyama
Cash reserves, emergency fund, operating acct, security depo acct
Hi. I would like your advice and experience. Does a new one-apartment rental business need all 4 accounts/funds? Can I put a security deposit in the operating account until it is returned to a tenant instead of openi...
Keith C.
City of Clearwater Fines Hosts- Airbnb& HomeAway -sting operation
It appears more cities are beginning to crack down on STR's. Even in once STR Friendly neighborhoods on the Gulf Coast.A Couple in Clearwater FL were fined $35k after Municipal Code Enforcement Board ran a sting ope...
Jesse Turner
For larger operators: do you analyze guest feedback/comms?
Larger operators will get dozens of reviews per month and many more touchpoints in direct communications.Do any of y'all use a vendor, team member, or software to analyze these interactions for insights into areas of ...
Wei Xie
Can I offset capital gain with rental operating loss?
Dear fellow BPers,
I am wondering if I can use accumulated rental operating loss to offset capital gains:
1. Gains from sales of rental properties, either related to the operating loss or not.
2. Gains from sales ...
Jayden Parks
RentRedi - Good for Owner Operators and Property Management Companies?
Currently weighing options for a property management software. I am hearing RentRedi mentioned as a really good option. My understanding is that it is more geared towards owner operators. Has anyone used RentRedi as a...
Jesse Bryant
I want to be come an operator (asset manager)
I have looking for some information on becoming a better operator. Who wrote the book or where should I start?
I want to source the Deal
I want to do the u underwriting
I want to pull the comps
I want to put tog...