air bnb str and cost segregation ????

[Jay Hinrichs]

those of you experienced in this asset class. have you used cost seg and how does it work for this type of asset.
Other than the normal things you would include in any real estate..  wondering since its a bizz if you can add
other items to the deprecation that are needed..  Also what about a expensive boat dock.. IE 100k or so value.

[Luke G.]

@Jay Hinrichs it's tough when you have a unicorn to accurately price it, Pricelabs helps (only 20 bucks/month).  I have a monstrous cabin on Lake superior that can sleep 18 and there were no real "comps" to compare prices to.  I'm through my first year and I was low on what I could charge, but Pricelabs let's you tweek it pretty efficiently by season.  They give a rough "base" price what they think it should be and it changes accordingly with the season's and demand for the area.  When I ran my analysis I was about 200/night lower than what I probably should have been so the first booking with pricelabs paid for about 3 years worth of its subscription.

Everything else can be pretty well automated, it takes me about 10 minutes a week to manage mine now that everything is set up.  There are others on here who probably have it more efficient than mine, but I use a couple different apps that make my life easier.  Feel free to PM with any specific questions.   

You'll draw from Seattle, I've had people stay from a couple different countries and about a dozen different states, but most are from Minneapolis/St.Paul which is a 3.5 hour drive.