All Forum Posts by: Angelo Llamas

@JooYung Choi I like that idea a lot thank you for responding 

@Melissa Justice thanks for responding Melissa would love to hear your recommendations definitely want to utilize this for this upcoming year of me owning one 

@Michael Plaks thanks for responding but okay that makes sense at least one of us can get it because yes I plan on doing all the day to day approving guest scheduling repairs, book keeping etc I don't plan on using property management so I'll be pretty heavily involved in the STR

@Jason Malabute would love to talk more about it with you. Thanks for responding 

Hello im going to be closing on a STR with my brother co-signing. Im curios if the STR tax loophole that allows investors to write off up to 25k of active income assuming we have that much to write off but will it allow both of us to do 25k or a total 25k and will be able to do 12.5k each. Hope that makes sense.

@Kenton Guidry  

was wondering if you ever did the alpha host academy I just had a call was wondering if it helped you that much or could you learn the info on your own 

@Kenton Guidry 

What would one of you suggest for a medium term operator whose tenants may be over using a specific utility like gas or electric. Has anyone ever made the tenant have to pay for a single utility and have the others be covered. In Modesto it gets really hot during summer and pretty cold during winter. It can get pretty expensive what would anyone suggest or should I write the lease so that the next tenant depending on time of year should I do not include a specific utility and adjust my rent because of it ? 

My cousin that I have been trying to get on BP has an interesting situation. He bought a home for himself in Lodi California but work in the Bay Area long story short he can’t deal with the commute anymore and decide to stay with a buddy close to work. He’s wondering if he should rent it out but he did purchase the home and live in for months and has an fha loan. So if he were to rent it out wouldn’t that show up on his taxes and say if the bank finds out and is okay with what would he do with it on the tax side of things would he report it as soon as it it’s in service or what would he do for tax purposes. Or just wait until a year passes and he can rent it out  

I’m doing medium term rentals and I’m breaking even cash flow wise. Some months I’ve unfortunately had to pay like $150 out of pocket but I’m Planning on holding long term wise and the let the rental bare fruit later in my life because I’m only 22 and just wanted a base hit or a rental in a great neighborhood. I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season