Archives

Maximizing Your Vacation Rental Income

July 21, 2021
Real estate investor on beach with laptop managing vacation rental.

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
Poolside chair, towel and drink at a short-term vacation rental

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
Ocean view from balcony of vacation rental.

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
Pen and ledger to represent California tax planning.

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
Bay Bridge at night. Concept to show businesses moving out of California.

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
Field of California poppies - state taxation concept

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
Businessman holding keys to signify business relocation

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
Digital business concept for crypto integration

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
Cubes interconnected to represent blockchain technology

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 >>


How Much Crypto Should Be in Your Portfolio?

May 12, 2021
Stock numbers and charts to represent crypto investment market

Continuing our Illumination Wealth Blog series on cryptocurrency, we want to look at crypto as a legitimate investment opportunity. It has turned into something similar to the stock market with so many new cryptocurrencies and trading platforms available, as well… Read Now >>