To prevent this from happening again, we do a six month lease during winter and re-sign a new one-year lease by mid next year so that we don't have this issue in the future.3.

@Michael OverallQBI number is not some "loss" that you can benefit from.It's simply an FYI number that prevents you from taking a QBI deduction in the future because you had multiple years of prior losses.Short story: you're not missing on anything.

Clear communication upfront and practical solutions for hauling will help prevent issues down the line.

I'd have preventative treatments with a licensed vendor consistently, as often as it takes to mitigate the issue regardless of cost.

In other words, the IRS taxes the portion of your gain equal to depreciation taken (or allowable) to prevent “double-dipping.”To clarify:Expenses are not repaid at sale.

Purchase the real estate in an LLC to reduce the chances you are personally listed in a claim but most importantly understand the risks most likely to impact your real estate business and take the proactive steps on a daily basis to prevent those liability event from occurring. 

For landlords, understanding how to respond to suspected mold and how to educate tenants about prevention is essential to protecting both your investment and your reputation.Avoid Using the Word “Mold” PrematurelyWhen a tenant reports dark spots or moisture issues, it’s important not to refer to the substance as “mold” unless it has been professionally tested and confirmed by a certified mold inspector or remediator.Until testing is complete, landlords should refer to the issue as “black stains,” “discoloration,” or “moisture-related staining.”

San Antonio, Texas has clear permit categories and designated STR zones, reducing uncertainty.In these markets, compliance is a normal operating cost, not a constant fight for survival.Markets Where STRs Face Increasing ResistanceThese are markets where regulations have already tightened, and the political momentum suggests they could continue to tighten further, making long-term STR operations uncertain.1.

With rentals, you have opportunities like depreciation, deductible expenses, and passive loss offsets that could help reduce your taxes while building equity.

That’s to prevent you from living in a 3200sf unit with an 800sf rental unit and writing off 50 or 100%.