Hi everyone,
I recently purchased my first single-family property in 09/08/2023 and converted two smaller rooms into rental units while occupying the principal room. I invested approximately $4,000 in furnishing thes...
Hello all,I am very excited to be putting my first two properties on the market in the next several weeks after converting my two family home to condos. I have done an extensive, almost gut-to-the-studs renovations on...
It seems because the new 2018 Tax Reform laws are so new I can't seem to find real answers. I searched here and nothing for 2018 tax year came up. Maybe a CPA can chime in. Scenario:Im renting out rooms in my primary...
Does anyone have experience/ could give me their feedback on my idea? I have the opportunity to turn my 5 unit into an AirBNB. I’ve talked to my tax accessor, code enforcer, and village to make sure we comply with zon...
Hi BPers!
I have an STR we've run for about a year. While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorit...
Has anyone converted their Long term rentals to short term? I have heard of sorties of income significantly increases when done properly?
Are there short term rental managers ( airbnb, vrbo) What is the range in fee...
Hello,I am reaching out to ask for recommendations and advice on how to furnish a rental as I intend to use for Air Bnb. I have seen companies that loan their furniture but I would rather make the one-time purchase of...
Looking to maybe get into my first BRRRR property or flip it if the numbers look right. It is an older house with a radiant heating system. Is it worth it to replace it with a forced air heating system?
Getting my first vacation rental and realizing furnishing it is more expensive than I thought! Any tips for where to get stuff cheap?
Hey folks,I'm shopping for my first property that will be a house hack so I will be an owner occupier with roommates. I know there are exceptions to fair housing when you live in a property since the tenant will be yo...