All Forum Posts by: Luke Carl

I didn't mean to talk bad about my tax man he's a super nice guy and does research whenever I ask a question. I guess I'm asking too much for specialized answers.

Natalie Kolodij and believe me I have tried. I can't even come close to affording them. Different league. So I'm stuck with people who have dealt with a house or two here and there. I'm well organized everything is on google sheets every dollar.

@Natalie Kolodij how do I find an accountant that will talk to me? I'm way too small for The Brandon halls and the Amanda Hans. 

@Natalie Kolodij how do I handle this as far as self employment tax? I'd hate to be doing all this extra work on these Vacation rentals as opposed to having a lease only to pay it all back to Uncle Sam. 

Lisa Graesser I'm not sure I follow you. How does this pertain to schedule C vs E? I've purchased 4 vacation rentals so far this year.

Brandon Hall My accountant says I need to do schedule E because I don't offer daily services like maid service and breakfast. Now I'm even more confused. Which leads me back to the ever popular LLC situation. I currently do not have one nor do I understand them. If I'm schedule E do I just get an LLC and put my vacation rentals in that LLC? What the hell is an S corp or a C corp anyway? It's all very confusing. @averyacarl

Lisa Graesser the VR are in the dame area. I have other long term rentals elsewhere. I figure in the cost to get them ready after we've closed and add it to that property. If you're talking about plates linens furniture etc.

Do you have a contract wth your cleaning crew? If so where did you find it? Thanks!!

Craig Curelop forgive me for intruding but I think what Brandon Hall is saying is neither one of those scenarios are true. Also.... if I'm not netting cash why would I bother?

Brandon Hall Dan Schwartz wife is realtor. Can she be a real estate professional? What does that get me?? We self manage everything and manage for other people. Business is scaling fast will have 6 VR properties within a few weeks all within a year.