I'm in the process of buying a second home in Big Bear, CA that I plan to use for personal use but primarily as a STR. I have a few questions about liability protection, insurance I should purchase, and the tax implications of purchasing my home in my name. Before listing my property on Airbnb, I want to make sure I have my team lined up.
Anyone have any good recommendations for an accountant/RE agent in the LA area? Thanks!
Investor · Los Angeles · Member since 2021 · 94 posts · 29 votes
3y
Hey Devin, I'm a commercial agent here in LA, but I often dabble in the outside tourist markets like Big Bear, Joshua Tree, etc. for short term rentals. I can connect you with a local CPA who can help with the tax questions, while we gameplan your purchase.
Investor · Los Angeles · Member since 2021 · 94 posts · 29 votes
3y
Hey Devin, I'm a commercial agent here in LA, but I often dabble in the outside tourist markets like Big Bear, Joshua Tree, etc. for short term rentals. I can connect you with a local CPA who can help with the tax questions, while we gameplan your purchase.
I know a bunch of CPAs in the San Diego area if you're willing to work remotely. Note that generally liability protection is more in the attorney realm than CPA realm. You'll also likely want to consider an estate plan if you don't have one in place yet.
I'm in the process of buying a second home in Big Bear, CA that I plan to use for personal use but primarily as a STR. I have a few questions about liability protection, insurance I should purchase, and the tax implications of purchasing my home in my name. Before listing my property on Airbnb, I want to make sure I have my team lined up.
Anyone have any good recommendations for an accountant/RE agent in the LA area? Thanks!
Sounds like you need a good insurance agent too, if you need one I can connect you with Kady on my team.
I know a bunch of CPAs in the San Diego area if you're willing to work remotely. Note that generally liability protection is more in the attorney realm than CPA realm. You'll also likely want to consider an estate plan if you don't have one in place yet.
@Katie Balatbat Thanks for the reply! I'm very open to working remotely with a CPY. I'll shoot you a dm!