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Sean Pyles

👤 Person
7131 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

The thing about being a homeowner is that whether you like it or not, it ends up making you a handier person than you were before you were a homeowner.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'm counting myself among those people.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'm counting myself among those people.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'm counting myself among those people.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

In this case, difficult is going to be relative because what doesn't seem difficult to you, to me, I'm thinking there's no way in heck I'm going to be messing with that at all because when I hear water damage, I think where else has it gone? Is there mold? Do you have to remediate anything like that?

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

In this case, difficult is going to be relative because what doesn't seem difficult to you, to me, I'm thinking there's no way in heck I'm going to be messing with that at all because when I hear water damage, I think where else has it gone? Is there mold? Do you have to remediate anything like that?

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

In this case, difficult is going to be relative because what doesn't seem difficult to you, to me, I'm thinking there's no way in heck I'm going to be messing with that at all because when I hear water damage, I think where else has it gone? Is there mold? Do you have to remediate anything like that?

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

When in doubt, hire someone.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

When in doubt, hire someone.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

When in doubt, hire someone.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'm hoping to spend almost no time maintaining my house because the whole thing is I want to get away from that for a place that's a few hours away from where I'm actually living.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'm hoping to spend almost no time maintaining my house because the whole thing is I want to get away from that for a place that's a few hours away from where I'm actually living.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'm hoping to spend almost no time maintaining my house because the whole thing is I want to get away from that for a place that's a few hours away from where I'm actually living.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

But I want to go more into taxes because that's a concern that I have is that having this new stream of income, even though it's not going to be tremendous, it will basically cover my mortgage and maybe a couple hundred bucks more than that. I'm a little worried that it's going to completely throw my tax situation into a tailspin.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

But I want to go more into taxes because that's a concern that I have is that having this new stream of income, even though it's not going to be tremendous, it will basically cover my mortgage and maybe a couple hundred bucks more than that. I'm a little worried that it's going to completely throw my tax situation into a tailspin.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

But I want to go more into taxes because that's a concern that I have is that having this new stream of income, even though it's not going to be tremendous, it will basically cover my mortgage and maybe a couple hundred bucks more than that. I'm a little worried that it's going to completely throw my tax situation into a tailspin.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'll end up owing a bunch of money and I might have to keep even more meticulous records than I already have. How do you manage the taxes on your properties? Because I'm considering hiring a CPA who's a pro in rental properties just to make my life a little easier on this front.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'll end up owing a bunch of money and I might have to keep even more meticulous records than I already have. How do you manage the taxes on your properties? Because I'm considering hiring a CPA who's a pro in rental properties just to make my life a little easier on this front.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

I'll end up owing a bunch of money and I might have to keep even more meticulous records than I already have. How do you manage the taxes on your properties? Because I'm considering hiring a CPA who's a pro in rental properties just to make my life a little easier on this front.

NerdWallet's Smart Money Podcast
Recover from Vacation Overspending and Avoid Costly Rental Property Management Mistakes

The trade-off there would be that if and when you go to sell the property, if you have been depreciating it, you would have a lower basis and you may not be able to get as much in the sale, correct?