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Updated about 1 year ago on . Most recent reply

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STR with Airbnb or any other platform?

Posted

Hello,
Happy New Year! Hope everyone had a great holiday season. 
I am new to Airbnb. I would like to start out with a 3 bed , 2 bath in Ybor city/Tampa, Florida downtown area. Is anyone doing it already in that area?
I need assistance form the experts on .. 

1. Initial setup related with property preparation.
2. Registration with Airbnb
3. Yearly tax management
4. Individual or LLC or Inc .. Which is better to operate this under?
5. What type of liabilities are expected? How to cover them? 
6. Is there any better platform than Airbnb? if so pros and cons.
7. What is optimum number of bedrooms to have in that area? I mean which type have more demand.

I appreciate your help. 

Thank you,
Sasi M

Most Popular Reply

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518
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Nate Meeker
  • Real Estate CPA | California
242
Votes |
518
Posts
Nate Meeker
  • Real Estate CPA | California
Replied

@Sasidhara Manthena I agree with @Andrew Steffens in regard to your 4th question. As a CPA, I would need to know more information regarding your REI portfolio to give you the best advice. Reach out if you'd like to talk!

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