Real Estate

Introduction Rental properties are an excellent source of passive income and long-term wealth-building. Whether you own a single rental asset or an entire portfolio of property rentals, maximizing depreciation is essential to reducing your taxable income and increasing your overall return on investment. But what exactly...

Introduction The world of accommodation has witnessed a significant shift in recent years with the advent of short-term rentals. Defined as renting out a property or a portion thereof for a duration typically shorter than 30 days, short-term rentals have gained immense popularity and transformed how people travel. This...

Understanding the Rental Market The short-term rental market has witnessed tremendous growth in recent years, fueled by the rise of platforms like Airbnb and Vrbo. The popularity of these platforms has made it easier than ever for homeowners to list their properties and for travelers to find unique accommodations.

One of the greatest tax benefits of owning residential rental property or non-residential commercial or investment property is depreciation—a deduction you can take without spending any additional money. Sadly, regular depreciation for real property is slow, taking anywhere from 27.5 years to a whopping 39 years.

Introduction Get ready for an enlightening discussion on the art of scaling your short-term rental business. Prepare to dive deep into this captivating industry as we reveal the secrets that can turn your modest venture into a thriving empire. Join us on an exciting journey as we unveil invaluable...

Introduction Real estate investing has long been a popular way to build wealth and create passive income streams. Whether you're looking to invest in residential properties, commercial buildings, or raw land, there are many benefits to be gained from real estate investment. The Benefits of...

Understanding the Impact of Recession on Short-Term Rentals When it comes to running a short-term rental business, it's crucial for property owners to be aware of how economic downturns, such as recessions, can potentially affect their venture. The impact of a recession on short-term rentals can vary depending on...

Introduction Real estate investors are always on the lookout for opportunities to maximize their returns while minimizing their risks. One such opportunity that has gained traction in recent years is investing in Real Estate Opportunity Zones (OZs). OZs are a relatively new tax incentive program created under the Tax...

Introduction to Mid-Term Rentals When it comes to finding suitable accommodation, many people are familiar with the concept of short-term and long-term rentals. However, there exists a lesser-known but increasingly popular option known as mid-term rentals. So, what exactly are mid-term rentals?

Introduction Depreciation recapture is a tax provision that allows the Internal Revenue Service (IRS) to collect taxes on the profitable sale of a depreciated asset. It's a concept that might seem complex, but it's crucial for property owners and investors to understand. Why? Because it can significantly impact your...