All Forum Posts by: George P.

 Yes, thank you, I am familiar with the policy. But....

One owner recently (it's all over the news) declined to rent a room in her home to an activist transgender person who (before securing the reservation) "warned her" of his/her gender challenge. She politely declined, referring to a teenage boy in the household who she didn't want to get exposed to this issue. The transgender started PR campaign against airbnb (many say it was the original intention of the reservation) and airbnb cancelled the host for, I guess, discrimination issues.

Hence my question - shouldn't the owner be able to decide who stays in his personal home? Again, political issues aside......

Having been to Orlando, I must say the abundance of new constructions and existing home listings, and myriad of VRBO listing would excite me as a renter. Not as a buyer.....

I am very familiar with Fells Point. The closest hospital is The Johns Hopkins Hospital, which is 5 min ride away. I would not suggest walking since you'd have to walk through shady areas (yeah, it's Baltimore).

Hoping this thread will NOT get political....

Since the airbnb host is hosting people in his/her own personal home, shouldn't he/she be able to refuse service to people he/she is not comfortable with? Its not Hilton hotel, its sleepover in the personal residence where the host (and his/her family) sleep next door....

Thoughts?...

as a VR renter, Sat-Sat works better for me for I like to have a day-worth break on the day after the vacation.... before I go to work on Monday. Laundry, cleaning, putting things back in place, lunches for kids etc. 

From what I have seen on VRBO, Sat-Sat is the most common option (probably for a reason)

Has the seller indicated why she wants to carry a note? Is it the income stream or inability to sell the conventional way - I think this is very important to know when you present your offer.

Thank you.

Schedule E allows entering up to three properties (A,B,C) and on the bottom are the sums for all the properties. So yes, assuming active participation req's are met, the passive loss on one property will offset the passive income of the other.

Regarding business income/vacation rental comment.. I looked into it - it'd be applicable if I did the room cleaning, provided maid services etc. (my understanding of it, anyway).

Thank you everybody!

Patrick, thank you.

let me look into this....

trying to find the answer but cannot find anything useful.... 

* I have a rental property that produces 7k rental income/yr.

* I want buy a (vacation) rental property that will produce 9k of rental loss/yr.

* our MAGI exceeds 150k.

* We are materially / actively participating in both properties, but we are not RE professionals.

The question is - can we offset the 7k of rental income that we currently pay taxes on with the 9k rental loss so that we pay $0income tax between the two properties, and carry forward the 2k (a year) loss until the day we sell vacation rental property?

Or - do we have to pay the income tax on 7k rental income without ability to deduct a penny from the 9k rental loss (due to MAGI>150k) ?

Thank you in advance!

 Jerry - it seem to be the reason. What would you suggest the solution is? I suppose the damn roofer installed the ice shield (3ft) but do not know for sure. We always get the ice dam on the side after the heavy snow. All help is appreciated! 

Thank you!