Archives
Long-Term vs. Short-Term Vacation Rental—Which is Better?
July 28, 2021
With online platforms like Vrbo and AirBnB gaining so much popularity, short-term vacation rentals have become all the rage. Rental property owners used to seek out long-term tenants to rent their homes and condos for entire seasons. They preferred the… Read Now >>
Maximizing Your Vacation Rental Income
July 21, 2021
If you own a short-term vacation rental property, you’ll want to do everything you can to maximize your profitability. Here are 10 simple tips we recommend to help you improve your ROI and increase your vacation rental income: 1. Keep… Read Now >>
The Cost Structure of Having a Short-Term Rental
July 14, 2021
It is an enticing prospect to use an extra room in your house, dedicated guest space or a second home as a short-term vacation rental, especially if you own property in a desirable travel destination. You just have to remember… Read Now >>
Costs and Benefits of a Vacation Rental
July 7, 2021
Real estate is almost always a sound long-term investment. Within the larger field of real estate investing, vacation properties are a unique subset. What you choose to do with your vacation home may determine how lucrative an investment it can… Read Now >>
Do You Need California Residency or Business Tax Planning?
June 23, 2021
We’ve been focusing on California business owners lately on the Illumination Wealth Blog. There has been an uptick in interest for people to move their businesses—or at least themselves—out of California’s high-tax environment and relocate to a lower-tax state like… Read Now >>
When Does it Make Sense to Move Your Business Out of California?
June 16, 2021
Our last couple of blog articles have been geared toward business owners who are thinking about moving their business out of California. Today, I would like to present a couple relatable scenarios and how each situation may affect a decision… Read Now >>
Understanding California Residency Taxation Laws
June 9, 2021
Last week, we discussed how and why many business owners are considering leaving California to lower-tax states. There are many logistics and laws that need to be reviewed before making such a drastic move. First, you must understand the rules… Read Now >>
Are You Relocating Your Business Out of California?
June 2, 2021
There has been a lot of talk lately about the “mass exodus” of residents and businesses leaving California. Some news would have you believe that everyone is running from our state’s high income, sales and property taxes and fleeing to… Read Now >>
How to Use Crypto for Your Business
May 26, 2021
We’ve been talking about how to incorporate cryptocurrency in your personal investment strategy, but we haven’t really addressed how to utilize crypto and blockchain technology in your business. Businesses big and small have been incorporating digital currencies like Bitcoin, and… Read Now >>
What is Blockchain and How is it Different from Bitcoin?
May 19, 2021
I’ve been diving deep into some cryptocurrency investment topics on the Illumination Wealth Blog this month. Today, I would like to go back and cover one of the most basic questions people have about crypto. Those who are less initiated… Read Now >>
