real estate
Book: 30-Day Stay
Short-term Rental Long-term Wealth
“Short-term Rental Long-term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties” By Avery carl “You’ll begin by reserching and analyzing factors like the average occupancy rate, price per night, and cost of properties in the area you’re evaluatting to determine whether an investment makes sense.” “Metro markets area major metropolitan areas that attract […]
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“First-Time Landlord: Your Guide to Renting Out a Single-Family Home”By Janet Portman, Ilona Bray, J.D. & Marcia StewartSee: http://www.nolo.com/back-of-book/USFTL.html“The Responsible Hosting section of http://www.airbnb.com has a summary of the legal requirements of more than 50 cities, with links for details. If your city isn’tlisted on the Airbnb site, call your city’s zoning board or local […]
Read more "Book: First-Time Landlord"Book: Every Airbnb Host’s Tax Guide
“Every Airbnb Host’s Tax Guide” by Stephen Fishman, J. D. See also: https://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.htmlSee also: https://legaltemplates.net/resources/real-estate/renting-a-room-in-a-house/See also: https://www.nolo.com/legal-encyclopedia/small-taxpayer-safe-harbor-for-repairs-improvements.html “Any rental expenses paid for by guests are rental income; for example, payments a guest makes to you for repairs, utilities, or other rental costs. These costs are then deductible by you as rental expenses.”“You are entitled to […]
Read more "Book: Every Airbnb Host’s Tax Guide"Book: Every Landlord’s Tax Deduction Guide
“Every Landlord’s Tax Deduction Guide” by Stephen Fishman, J.D. See updates at https://www.nolo.com/companion/every-landlords-tax-deduction-guide-DELL.html See updates at https://www.nolo.com/companion/every-landlords-tax-deduction-guide-DELL.html “When you own residential rental property, you are required to pay thefollowing taxes:• income taxes on rental income and property sales• Social Security and Medicare taxes (for some landlords)• net investment income taxes (for some landlords), and• property […]
Read more "Book: Every Landlord’s Tax Deduction Guide"Book: The Book on Tax Strategies for the Savvy Real Estate Investor
“The Book on Tax Strategies for the Savvy Real Estate Investor” By Amanda Han and Matthew MacFarland “A common necessary expense in the real estate world would behomeowners association (HOA) fees. This expense is necessary, because if you didn’t pay the fees, you could be subject to hefty fines and penalties from your HOA board. […]
Read more "Book: The Book on Tax Strategies for the Savvy Real Estate Investor"Book: The House Hacking Strategy
“The House Hacking Strategy” By Craig Curelop House hacking: “To summarize, it is when you purchase a one- to four-unit property, live in one part, and rent out the others so that the rent from your tenant is fully covering your mortgage.” “The most common amongst house hackers seems to be the 3.5 percent Federal […]
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“The Book on Managing Rental Properties” by Brandon Turner and Heather Turner “Landlording, also known as property management, is defined for the purpose of this book as the business of protecting and growing one’s real estate investment through the careful placement and oversight of tenants.” “Good property management seeks to continually improve both the condition […]
Read more "Book: The Book on Managing Rental Properties"Book: The Book on Rental Property Investing
“The Book on Rental Property Investing: How to create wealth and passive income through smart buy & hold real estate investing” by Brandon Turner “However, I would encourage you to start with six months of expenses for each unit you have. For example, if you own a single-family home that costs you $800 per month […]
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