For an AirBNB / VRBO business is it better to have plain LLC or should I go with LLC to be taxed as an S-Corp so I can pay myself as an employee and potentially save on employment taxes.

like
Posting as :
works at
You are currently posting as works at

Rental income isn’t subject to employment taxes. Don’t ever use an S Corp. to hold real property.

Related Posts

I recently sign a lease. The apartment will put my security deposit into an interest-bearing account and requires me to fill out a form W9. I will join EY this June and just wondering if this is ok in terms of the independence rule. I guess the apartment will put my deposit in some sort of funds. Anyone with EY has experience? Reading the independence brochure, looks like it does not specify something related to this scenario but just wanted to confirm . TIA!

like

Can anyone recommend good investment options in Bank of America HSA account? I feel their funds are very limited compared to what I have seen from 401k and IRA. Anyone recommends your HSA account?

like

Best way to use Amex Concierge? First time with so not sure what best practices are (do I need to do research ahead of time or are they basically like a personalized travel agency)

like

A financial advise to all the students and youngsters buy a term life insurance before starting to invest in other instruments. A sample illustration will help you understand that it has a financial benefit plus a security to all your dependents incase of any unforeseen event in life.

DM me for more details.

Post Photo
like

Is there a way to Pay rent via Credit Card without paying the convenience fee?

like

so every single major dip the last 4 months have been magnified by the use of leverage. If btc drops “naturally” by 5%, but liquidations are in the billions (which they have been), then that 5% drop turns into 15%. Over leveraged apes are literally screwing it up for all of us more than just themselves. Frustrating but also somewhat positive news that onchain analytics, fundamentals, and general TA are still in play. We’ll see what happens because I don’t think these levered traders will stop

like

Thinking of dipping my toes into real estate and wanted to see if anyone has any books/ podcasts/ courses or even any tips or advice that you wish you had when you got started?

Goal is to diversify my investments past the stock market. Any help is appreciated!

likeuplifting

If I had a traditional IRA before being employed in a 401k eligible role, can / must I roll that IRA into the 401k or can I leave the accounts separate without deleterious tax consequences?

like

Need some advice. Currently 32 YO with $23.7k in student loans, $60k in retirement, and $54k in cash. Want to pay off loans by end of year, max out 401k, and save for a house. Does it make sense to use $10k from pension to pay down loans and the rest from cash? How much should I have in my 401k by this point?

like

30 July was special.
Salary credited. Tax debited.
Both were equal.
Ab pura August daal-chawal khaake!

funnylike

Zscalar . Is ESPP mandatory to choose if mentioned in offer letter?

Any of you using TikTok to display your properties? I see it's working for some realtors and I am tempted to try.

like

I’m an Air Force veteran and a realtor the Atlanta and the nearby areas. I would like to be of assistance in any of your real estate needs. I specialize in VA, investment properties as well as residential and commercial properties. If you need a lender I have a lot of those too. How can I be of assistance?

Post Photo
like

What is the *prime* amount of money to bring you happiness?

like

FYI Amex offer for Allen Edmonds. Spend $300 get $90

like

Not sure if this is the right place to post this but who do you all use for financial management/financial advisors? My stuff is getting a little complex with some real estate and retirement accounts.

like

Do you think house prices in NJ will go down/up? Thinking of buying a house in 9-12 months and saving. What % is a good down payment? (First time home buyer here)

like

My realtor looked at a unit for me, and shared the video w me. I’m interested. The unit is on MLS. Then he posted on his IG story seeking buyer. I’m kinda annoyed because now I may have competitions since he is my realtor OR should I be ok for him to do that since it’s equal playing field on MLS?

likefunny

Can anyone tell me how to invest in gold or silver? I'm going to sell my home and need a profitable and somewhat safe method to invest the money.

like

More Posts

My home had some water damage last year (water heater was leaking), so I had to do some repairs and took care of most of the work myself. If I refi, will my home have to pass an inspection?

like

Job opening for multiple profiles. C++, AWS Devops, Java spring, JAVA BED spring boot, React JS.
DM your name along with your email address if interested.

Post Photo

TBWA NY recruiter?

like

I’m currently interviewing with a few top 10 firms and a couple top 100 firms for a mostly remote experienced associate/new senior role. Does anyone have any tips on virtual interviews and how to gauge the culture of the firm and if it really will be a good fit for you? I’m struggling to figure out that out because I used to gauge it on the feeling I got while in their office during interviews. Any suggestions would be helpful :)

like

Larsen & Toubro Infotech How is LTI in Bangalore? Do they have enough projects in Bangalore? I could see most of the requirements in Mumbai, Pune?Larsen & Toubro Infotech

like

Any Walmart ASM(Assistant Store Manager) here? Current or ex? Want to move forward but feels stuck in retail.

Anyone else just absolutely despise Kryterion and their service reps? They are so rude and I just can’t stand it

likefunny
like

3L with mostly A’s and B’s. I am having the worst luck trying to find work for after school and my experience working with lawyers has left me completely dejected. I cannot get an interview to save my life. I was so excited to get an externship summer after 2L with a small business and IP firm only to get yelled at on the phone a few times for not doing an assignment correctly. Mind you, I was working FOR FREE as it was a school connected externship. That made me never want to work in the law.

like

Quick question

expected CTS for 3.6 YOE as front end (react) developer?

like

Hi Sharks,

Globant or nagarro
YOE 3.8
Java microservices stack
Offering same package of 22 lakhs

Please help me asap !!

Globant India Pvt. Ltd.
Nagarro software

like

What's your commute time to work?

like

Currently renting for ~ $1500/mo in a low COL city. My lease ends in Dec and am looking to purchase a property and get into rental game. I have $40K in bank, but I’m not sure what my max investment should be or will be approved for. Would it be feasible to keep renting and also try to rent out a purchased rental property given my liquid cash?

like

Why is 6 afraid of 7?

Bain & Company Any H1B sponsoring jobs for Dynamics 365 F&O functionals? Deloitte KPMG EY PwC Accenture Microsoft McKinsey & CompanyBain & Company

like

I’ve been at Golin for a while and interested in what the outside opinion is of our agency. What are people saying about us?

like

Any CLT,NC businesses looking to hire for a Junior level Full stack developer / Junior Front-End Developer/ Technology Associate /Systems Engineer entry level / IT Support Engineer??

like

I have a deadline to respond to a Motion for SMJ in 1 1/2 weeks. I just found out that my grandparents who I haven’t seen since the start of the pandemic will visit this week. I want to spend as much time as possible with them but it will be hard with my response due. I really don’t want to tell the Court that I am seeking an extension for personal reason, what would be a good reason to provide? I clearly don’t want to misstate anything but is there some general, vague language that can be used?

like

Have an opportunity to finally get out of insurance defense. But not really sold on the firm. Could finally get out of ID, but then could also end up at another place I really don't like. Def want my next firm to be long term as I've jumped around.

like

Hi All,

Anyone have a recommendation for a good headhunter? I am currently a 2nd year associate (many years paralegaling before that) at a mid-sized firm in NY and am looking for a change.

Also, any cons of working with a headhunter?

like

Additional Posts in Real Estate Professionals

How to prepare for a real estate investiny case study / memo interview? Apparently the case is light on financial modeling. Thanks!!

like

is real estate appraisal/valuation a joke? is the average appraiser capable of doing, or doing technical valuation work? genuinely trying to understand how technical the work is as i am graduating from real estate and finance program and considering my job options.

funny

Good morning everyone!
I am currently looking into switching careers and going into real estate. Does anyone have any advice/tips on the best way to start the process? Thank you!

like

Hi experts, in a multiple offer situation for my property with all contingencies waived. I want to add a ‘no repair by seller’ clause to ensure buyers don’t negotiate during their short due diligence. Pls advise on what to ask from their realtors?

like

What's the quickest way to market a property for rent other than listing it on MLS and all the websites? Should I list on Craigslist and marketplace too? Anything else I can do?

like

My Redfin agent recently quit with one day notice to start his own firm. He was the one behind my deal and did a lot of work and help with negotiation. However Redfin called me and said they put their top regional lead on transaction which is set to close in 10 days. I’m conflicted with what to do. As a buyer I know I can switch firms with seller’s consent and it won’t impact the deal, or will it? The agent said if I went with him he’s throw me an additional incentive to close with him.

like

Any experiences with ResiCap? Thoughts on the company?

like

Currently interviewing at CBRE for an analyst position… looking on Glassdoor it seems like the salaries are quite low. Anyone in the Vancouver office could confirm or deny? I am currently making 65k and would be looking for an offer around 75k.

like

You all here of any openings?

Has anyone done a PCNA assessment before for a job interview? Pretty much I ace this, the job is mine. Stressing because I’ve never done one before 😰

likehelpful

I am taking the MA RE salesperson exam soon. Can anyone share their experience- any tips or tricks? Any practice material you would recommend?

like

How is work life balance at REPE firms?

like

Considering getting my license and starting off as a real estate agent. I've always loved real estate, house flipping, interior design. What can I expect as income and time commitment as a brand new agent with no book of business? How hard is it to get established and become well known in my area? I'm in the Bay Area. Anything else I should know before I quit my job and persue this dream?

like

Does anyone have a fair idea what the salary range for a Director of Acquisitions in San Diego would be?

like

Looking to buy my first property by 2024, and I am going to start researching now. What are the initial steps that people would recommend?

For reference I have very little knowledge and am in between air bnb and buying a duplex then renting out the other side. Open to suggestions/what others have had success with.

like
like

Hello all,

Can you change real estate agents after going under contract ?

Context: We want to put earnest money on a house, I am still working on getting my real estate license. Can I put a friends name as the buyers agent and change it to my name Right before closing ? We are based in TX

like

Anyone in the Real Estate Practice at EY?

like

Any advice on which career path would lead to better lifestyle work wise and earning potential… starting out as a CBRE Investment Banking Associate vs Investment Sales Associate. Thanks for input
CBRE

like

Hello,
Does anyone have advice for someone looking to purchase their first investment property? Maybe something you wish you knew before buying yours etc. I’m looking at single families

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal