When paired with a cost segregation study on a property you intend to hold long term, this strategy can significantly accelerate depreciation deductions and enhance your overall tax benefits.

Should I use the comprehensive lease agreement or should I use an addendum simply describing the tenant names, rent increase and for which period, etc.?

For a more comprehensive look at the Las Vegas investment market, please DM me for a link to our blog.

Do not need umbrella policy just increase liability coverage or can add additional riders that may enhance the areas you are most worried about. 

Embrace technology and innovative tools that can streamline your processes and enhance your efficiency.

On top of that, there were always unexpected things that came up, but they were taken care of and we're now almost 100% stabilized and continue to enhance property value through building upgrades!

As soon as possible after getting a booking, day or night, I call that number and personally thank them for booking with me and answer any questions and ask if there is anything that I can do to prepare for their visit to enhance their stay.  

Some park owners implement tiered pricing and even install cameras or access gates to reduce problem behavior and enhance security.Zoning and regulatory issues can also present major roadblocks, especially if you’re buying in a jurisdiction unfamiliar with or unsupportive of RV parks.

By reaching out to owners, connecting with developers, utilizing LinkedIn, exploring micro-markets, and learning from experience, you can enhance your chances of success in real estate investment.

It is highly recommended to consult with a legal and tax professional before proceeding.Pros of deeding your STR to an LLC     - Liability protection     - Asset Protection     - Separation of Finances     - Tax Flexibility     - Enhanced Credibility     - Privacy and anonymity     - Easier ownership transfer     - Simplified estate planningCons of deeding your STR to an LLC     - "Due-on-sale" clause     - Increased costs and administration     - Potential tax consequences     - Need for separate finances     - Loss of homestead exemptionGiven the complexities involved, especially with potential lender issues ("Due-on-sale" clause), tax consequences, and the necessity of maintaining corporate formalities, it's highly advisable to consult with an attorney and a tax professional before making the transfer.