Up-to-Date Airline and Hotel Policies, Plus How to Cash in

Travel brands are updating their policies amid passenger fears and travel bans related to the COVID-19 outbreak. If you were planning personal or business-related travel in the near future, it's important to consider the circumstances, remain flexible, and be …


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Travel Will Never Be The Same Post Covid-19

The means of travel, accommodation types and travel destinations will all be measured with personal space in mind. Road trips with personal vehicles or RVs will become preferred to a crowded flight with mask requirements and temperature checks.


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How to Maximize Your Write-Offs of Travel Expenses

In short, here are some common travel expenses that can be deductible when traveling for business purposes: Car expenses. Train and airfare tickets, plus any baggage fees you incur. Taxi, subway, and bus expenses. Real estate and educational meetings. Overnight lodging (room service, Wi-Fi, tips, valet parking fees, even the cost of sending


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How to Earn Free Vacations With Travel Rewards Credit

Free Travel Rewards Credit Cards: 3 Rules to Know. 1. Reap rewards at sign-up. I first learned about the Pareto’s principle, or the 80/20 rule, from Tim Ferriss, who wrote The 4-Hour Workweek. It means that 80 percent of your effort leads to 20 percent of your results, whereas 20 percent of your effort leads to 80 percent of results.


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The Investor’s Complete Guide to Deducting Travel Expenses

Travel costs incurred as a result of a successful trip (meaning you bought a property as a result) are added to the basis of the property and depreciated over the life of the property. Travel costs incurred as a result of unsuccessful trips will accumulate and be deducted via start-up expenses (limited to $5,000) once you are actually in business.


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Deducting Travel While Searching for Properties

Specific travel days are Business days and are deductible no matter what time you arrive. Meals on the business days are deductable. Weekend sandwitch Strategy. Google it. Make sure to predetermine business activities, meetings or event setup. If you work from hotel during vacation- you can deduct internet, faxes, or business book to read on


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Traveling Nurse Rentals

Travel nurses already go through background checks and drug tests so you know you're getting a reliable tenant. They get paid really well AND get a housing stipend so getting rent paid on time is never a problem. The demand for travel nurses is only increasing with baby boomers retiring, so you'll always have a stream of tenants.


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Renting to Travel Nurses

Travel nurses balk at paying $250/week for a 2 bedroom place all to themself. $250/week is less than a local motel, plus they can cook and do laundry. That's why they are one level above psychotic mutts (scaffold builders, firewatch) and 2 levels above homeless people.


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Pros and Cons of renting to traveling nurses

We cater specifically to travel nurses with three of our SFHs. Pros: Quality tenants - There's a tremendous amount of vetting for a nurse and other traveling medical professionals to get their contracts. A lot of them are homeowners themselves and take great care of the properties. Cashflow - Much higher than our standard 12 month lease rental.


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Real Estate Investing Community & Advice BiggerPockets

Over 2 million people use BiggerPockets to dive into real estate investing. Quotes. Shape. The community here is like my own little personal real estate army that I can depend on to help me through ANY problems I come across". BiggerPockets Member. If you are experiencing issues or have questions regarding our site, don't hesitate to reach out


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How COVID-19 Changed the Property Management Business

Social distancing, shelter-at-home mandates, travel restrictions, rent collection, and property maintenance are just some of the challenges impacting landlords. To overcome these difficulties and avoid spreading the virus, landlords—commercial and residential—had to think outside the box.


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How to Deduct Travel Costs by Investing Where You Vacation

Amanda Han Accountant from Fullerton, CA. Replied almost 6 years ago. Hi Mark: The travel expenses are generally all tax deductible if more than 50% of your time is for pre-determined business purposes. Meals are generally limited to the 50% limitation in most cases.


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9 Steps to Buy a Vacation Rental in Orlando (It Saw 75M

Trey Duling. Trey Duling is the President/CEO of OrlandoVacation.com, a large travel company specializing in Florida getaways.He has over 27 years of experience in the area, owning multiple companies that market to guests looking for an Orlando vacation.


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Renting to travel nurses

The travel nurses I know usually do airbnb for a week or two when they first get to the area until they can find something more solid. Sometimes this is through word of mouth, sometimes through their agencies. There are also a lot of travel nurse fb groups for housing.


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Owning Rental Properties as a Travel Nurse

Hi all, I am currently a Travel Nurse in San Diego, CA. I'm 24 and I've learned quickly that I don't want to be tied down to an hourly job much longerHi all, I am currently a Travel Nurse in San Diego, CA. I'm 24 and I've learned quickly that I don't want to be tied down to an hourly job much longer


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Deducting travel expenses in property searches

The deduction criteria are 1) business is at least half of the time during travel; 2) business affairs arranged previous to the travel. Yet, I still have a question. I think it generally makes sense to deduct travel and search for properties, if you have a LLC or corp. Intuitively, if you do not have a LLC or corp, it is hard to justify the


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How to Use Airbnb to Travel and Live for Free in Retirement

How to Travel and Live for Free. Soon after all of this happened, I took a vacation with my wife to New England to visit the Boston and Cape Cod areas. We had already booked our hotels, but we quickly realized that we had made a huge mistake. We could have used Airbnb or another similar service and had a much nicer place for about half the money.


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5 Tips for Making Your Summer Vacation a Real Estate Tax

If you want to deduct all of your travel expenses (i.e., flight or driving costs), then you need to be traveling primarily for business. You can deduct 100 percent of your travel expenses according to the IRS as long as more than 50 percent of your trip was business-related. Example: Judy was traveling on a five day trip. For her, three out of


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How Your Regular Monthly Spending Can Earn You $1,500 in

The travel rewards points can be much higher return for specific types of travel, especially flights. You can get 3-5x with travel rewards, and sometimes monster upside with int'l business class flights. The int'l business class flight might be cost $6,000+ in cash, but only $800 - 1,000 worth of travel rewards points.


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Ways to write off prospecting trips

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Short Term Rentals to Traveling Nurses

posted over 1 year ago. Hey guys, Looking for advise. I recently turned one of my SFH into a house for transient workers (traveling nurses, ect). I've found great demand for the product, but everyone backs out when I ask them to do the following. Fill out an applicant. Go through the background/credit check. Pay a security deposit or move in fee.


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Best Travel Rewards Credit Card Real Estate Investing Blog

Travel credit cards provide a way to harness spending for use toward airfare credit, perks, and more! You can even reduce or eliminate travel expenses altogether through points. Best of all, this is possible by simply using the cards to pay for your regular expenses. …


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House Hacking Travel Nurse

Can you travel nurse while rehabbing a small multi-family using a 3% down conventional loanHere's an interesting scenario that I would love to get people's opinions/thoughts on. My fiance and I are planning on travel nursing for a year. We k


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How To Get More from Your Travel Rewards Credit Card Podcast

I think it’s just a great tip that will help you reduce your travel expenses on things you either want to do or have to do. Mindy: Yes, and you reduce your travel expenses so now you can do more travelling. Scott: Exactly. Mindy: All right, from Episode 27 of the BiggerPockets Money podcast, this is Mindy Jensen, over and out.


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Southwest Airlines Companion Pass Is Now More Difficult to

Zac is the founder of Travel Freely, a free web app that helps people travel for free.He and his wife Virginia are from Nashville but have lived in Denver since 2012. They have used their credit as a tool to turn everyday spending into free trips to South …


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Large supply of Travel Nurses in need of short-term housing

Hi BP Friends, My wife and I work for one of the largest travel nursing companies in the nation. We make a dynamic duo for 2 reasons: 1) My wife is a Recruiter and has access to travelers looking to go to specific areas and are in need of furnished rentals spanning from 3 to 6 months.


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Don't get the big following around travel rewards on

If you don't have the time to travel, then cash back cards are probably the best. Especially since the airlines / hotels are known to devalue their awards charts. However, if you love or even like travel, the points cards are a no-brainer: Free travel, food, lounges, booze, concierge service, companion passes, car / trip insurance, etc.


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Mortgage Loans For Travel Nurses

@Nathaniel Crawford most travel nurses can qualify for most loans out there. The "Doctor" programs are designed for "Jumbo" loans ($454,200+ loan amounts) and in general just carry a lower down payment (jumbos require 20% down in generaland the doctor ones are 10% or so down).


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How to write off your trip to Disney

Of course travel expenses to vacation destinations are always highly scrutinized. Make sure you always keep a log of what you did as rental real estate activites meetings with professionals and any documentation of those meetings. But just because their scrutinized doesnt mean you shouldn't take a legitimate expense.


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Eviction process for travel trailer/rv on a rented lot

Rachel H.from San Antonio, TX. replied almost 3 years ago. @Sara Hopson Inquire at your local landlord/tenant court regarding the process of eviction. Be sure to go over your paperwork and follow the rules in the lease. Usually, you'll have to send a certified notice to the tenant before you can file.


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broken lease-need to travel to show-can I deduct from

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10 Fun Facts You Didn't Know About Airbnb BiggerPockets

Domestic travel quickly rebounded on Airbnb around the world as millions of guests took trips closer to home. Stays of longer than a few days started increasing as work-from-home became work-from-any-home on Airbnb. We believe that the lines between travel and living are blurring, and the global pandemic has accelerated the ability to live


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Amanda Han, Author at The BiggerPockets Blog Real Estate

Amanda Han. Amanda Han has been a CPA specializing in tax strategies for real estate, self-directed investing, and individual tax planning for over 18 years. She’s been investing in real estate herself for over 10 years with a focus on long-term hold residential and multifamily assets across multiple states. Experience.


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Travel nurse niche in Concord/Kannapolis

Sometimes, the agency rents the housing. Other times, the travel nurse rents the property. Typically, this choice is left to the travel nurse. Overall, this is what travel nurses typically look for in housing: Provide lease terms of 3 months or less. Month-to-month lease terms are highly desirable. Furnish your property.


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Is Renting Out a Room in Your Home Worth It

The rise of Airbnb has taken renting to a whole new level. Extra income, real estate opportunities, and the luxury of travel is now all wrapped into the ease of a phone app. While the majority of real estate owners tend to rent out their enti r e property, renting a room, finished basement, or detached guest house can have the same financial


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On VRBO, have you chosen damage protection or deposit

Kevin Lefeuvrefrom Los Angeles, California. posted almost 4 years ago. My thoughts: Damage Protection: Goods: The total cash paid by the guest at the time of the booking is less. Makes your property more accessible (at least on the surface). Bad: Has a cost which is not used most of the time. I have setup the $59 for $1500.


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9 Tips for Cleaning Your Rental Between Tenants Blog

What’s more, cleaning the property thoroughly between tenants adds longevity to each unit. To reap the rewards, try some of the following tips. 1. Require Tenants to Clean Thoroughly. Give your tenants a detailed checklist covering both the major items and …


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Can You Save on Taxes by Paying Your LLC a Property

The answer is no. Things like rental expenses, the business use of car, travel, marketing, and BiggerPockets subscription fees can all be written off against rental income with or without a legal entity. So, the management LLC in Jim’s situation did not allow for “additional deductions” or for him to “save more on taxes.”


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STR Management Turnkey vs Evolve vs Vacasa

BiggerPockets Wealth Magazine. Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate!


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7 Profitable Side Hustles in the Real Estate Field Blog

Scott Smith. Scott Royal Smith is an asset protection attorney and long-time real estate investor. His law firm, Royal Legal Solutions, helps thousands of real estate investors and entrepreneurs in all 50 states protect more than $1.2 billion in assets.Since 2014, he has published over 1,000 posts and articles on BiggerPockets and has appeared on hundreds of podcasts.


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Real Estate Investing Forums All REI Categories & Topics

BiggerPockets Wealth Magazine. Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate!


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