Legal matters & taxes are an important part of the real estate investing business. From buying an investment property, through renting it out and maintaining it, to dealing with tenants, all the aspects of a real estate investment are guided by the federal, state, and local laws and regulations as well as taxes and fees. As a property investor and a landlord, you have to always assure full compliance with the relevant law. Specifically, if you are planning to invest in Airbnb rentals, you have to assure compliance with the ever-changing short-term rentals regulations in various US markets. Moreover, you have to factor property, income, and other taxes into your real estate investment property analysis and calculations for a positive cash flow business. This section of our Investor Blogs has all the guides that beginner and experienced real estate investors need in terms of legal matters & taxes.
Owning short term rental properties comes with different benefits as well as various costs to consider. To capitalize on the pros and maximize your profit, it’s important to apply all possible business expense reductions without compromising the condition of your property and the quality of services that you provide to guests. One of the most efficient ways to do that is to use applicable short term rental tax deductions.