Thread: Side Hustle
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Old 07-17-2021 | 12:27 PM
  #859  
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Trip7
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Originally Posted by Gunfighter
There are pros and cons compared to residential rentals. You have 10x the number of tenants for the same $ in rent. We have managers that staff the offices daily and my wife acts as the regional manager. Its a team effort.



Thanks for the input on the crowdsourcing. I'll use my next SC as an opportunity to be productive and check them out. Have you been invested in any syndications long enough to get a K-1 or is this the first year? The 2020 tax year was my first experience with a K-1 from an apartment syndication and the passive losses from cost segregation and bonus depreciation were eye watering. It was MUCH higher than I've seen on self storage.
I received a K1 but no passive losses recorded since construction phase was still in place. The property just opened for business Jun 29th. Managed by Public Storage

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