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Updated over 2 years ago on . Most recent reply

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510
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Trent Reeve
  • Rental Property Investor
  • Atlanta
420
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510
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What is the checklist for starting out in STR

Trent Reeve
  • Rental Property Investor
  • Atlanta
Posted

For people completely new to this

Three seem obvious, purchase property (and ensure staged with furniture, kitchenware, etc, all ready to go), contract with cleaners. list property on platforms

What are next steps?

do you need to apply for a Tax ID? just starting with 1 property, should you look for an accountant?

would real estate agent know about any possible licenses needed?

what else should someone new to the game be doing?

Most Popular Reply

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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,192
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied
Start lifting weights and learn how to fight.  I've encountered 3 intruders in my STRs the last few years.  They went to jail.  If you don't want to lift and fight, CCW.

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