All Forum Posts by: Mike Aharonian
Mike Aharonian has started 1 posts and replied 5 times.
Quote from @Drago Stanimirovic:
Welcome, Mike and congrats on your first rental! That’s a big milestone. Your background in home security is a real asset in this space, safety and smart systems are top of mind for tenants and investors alike.
Excited to see you grow and contribute. You’re in the right place.
Thank you for the warm welcome Drago. Happy to be here to learn as much as I can and give advise if anyone has questions about their properties protection. This experience was a bit of a headache at first but this community has already brought some ease and piece of mind.
Quote from @Jason Malabute:
Congrats on your first rental property, Mike! That’s a big milestone.
Since you mentioned you’re just getting started, one thing worth knowing is that if your income is under $150k, the IRS allows up to a $25,000 deduction for passive activity losses (PALs) from rental real estate against your regular income. It’s a great benefit for newer rental owners who might be showing paper losses early on due to depreciation and expenses.
Looking forward to seeing your journey here and learning alongside you!
Thank you for the info Jason. I'll definitely look into it. We hired a property management company to oversee the property and they had to make some repairs to the place before the tenants moved in. Thank you for the great advise.
When we purchased, we we're going back and forth if we should put it for rent or turn it into an AirBnB...we ended up going the rental route because we don't live near our rental but decided to visit the idea when the tenants move out. What are your thoughts about Airbnb's? I've read good and bad things about it.
And the best security system is the one you hopefully never have to use. Whether its the fire alarm or a break in...Best tip I can give is talk to your security advisor about your lifestyle and make the security system work around your family. Its not just the home to consider but who lives there. The same system in a home doesn't always work with every families dynamics and lifestyle.
Thank you all for the warm welcome. I'm happy to be part of the community and even more so now that I have this place as a resource for anything!!
Hey everyone,
I recently purchased my first rental property and was referred to this site—excited to be a part of the community and start connecting with you all. I work in home security, so if you ever have questions about keeping your properties safe, I’m always happy to help.
Looking forward to learning from you and share what I can!