@Anonymous_ wrote:Nevertheless, I still question the inability to meet the safe harbor minimum based upon the facts stated in the posts. With more than one rental property and handling all of the management functions, tenant services, leases, hiring (and perhaps supervising) contractors, et al., I would think 250/yr would not be a reach.
It obviously can vary tremendously, but if you have a decent, long-term tenant, here are some random estimates:
- Open envelope to rent check, make deposit slip, go to bank for deposit. Maybe an hour a month? So 12 hours a year?
- Tenant calls with a problem three times a year. Hour of your time and 3 hours for a contractor. So 12 hours per year?
- Major problem, significant inspection and/or significant maintenance on the home. MAYBE once a year? So maybe 4 hours of your time and 20 hours for a contractor?
- Renew lease. One hour.
In that grossly simplified example, that is about 50 hours a year. And I suspect that in many cases, it would be noticeably less than that. Yes, of course there are definitely circumstances that could be significantly more than that (especially if you are getting new tenants often), but I suspect the 'average' hours per rental is fairly low. But perhaps I am wrong.
