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How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

On the other hand, activities like communicating with tenants, overseeing contractors, and performing repairs are generally eligible. Supporting evidence like receipts, emails, and contractor invoices adds another layer of credibility to your claim. For example, education, investor hours, and certain travel time are excluded.

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How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

On the other hand, activities like communicating with tenants, overseeing contractors, and performing repairs are generally eligible. Supporting evidence like receipts, emails, and contractor invoices adds another layer of credibility to your claim. For example, education, investor hours, and certain travel time are excluded.

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Best Passive Real Estate Investments: The Lazy Investor’s Guide

SparkRental

and I never field a phone call or negotiate with contractors. It takes enormous amounts of work: work to find good deals on properties , work to find financing, work to oversee and negotiate with contractors, work to advertise vacant units and screen tenants , sign leases and collect rents, and maintain units over time.