All Forum Posts by: Alexandre Campino

Hi all,

I currently house hack my Southern California townhome. Renting a room to a friend. Unfortunately, the living situation has degraded to a point that I asked him to move out. He is not complying, so I am thinking of doing a 60 day notice to vacate. 

We never had a written contract, so under California law, he is month-to-month. I was reading under  Tenant Protection Act of 2019 that landlords and tenants that shared a kitchen or bathroom, residential homes built in the last 15 years and SFR or Condos not owned by corporations are exempt from these laws. Which means, I can rent increase as much as I would like and not have just cause for eviction. I also checked local city ordinances, and there are none.

I would like to ask the experts if my evaluation is correct and also if you have been in similar situation, what did you guys do?

Thank you,

Alex

@Jake Wiley

Thank you, Jake! On the second link you sent, section: "Make Sure Your Rental Activities Qualify as a Business"

Would my rental situation qualify as a business?

Additionally, any references for good CPAs?

H all,

Question on house hacking, I bought my current property November 2020, at that point I purchased all appliances for the house along other necessities. Quite large expenses.

Since January 2021 I have been renting out 3 out of 4 rooms (75%). Now taxes come due, and I was wondering if I could use those large expenses of 2020 for my rental business that started in 2021, of course I never used those expenses as write-offs in my 2021 returns. 

If not, can I just use the accelerated depreciation of those assets? (fridge, washer, drier, etc).

Bonus question, I have a Gym in my home that my guests can make use of. When I posted the ad I included it as a perk and it was a major attractive for my current guests (corona and restrictions). I spent almost 20k in equipment for that gym. How can I use that as a Tax Write off?

Best, 

Alex