All Forum Posts by: Amar P.

Hey all

We are starting strs with Airbnb being our primary income source currently.

For you airbnbers, when does airbnb pay the owner or the rental property? At time of booking, some other in the middle or when they stay?

That ties into my bookkeeping question. For all you bookkeeping aficionados, do you keep books on an accrual or cash basis and what's the justification for either or?

great thoughts.  What exactly does into bookkeeper and how is it different than accounting and things such as P and L statements?

Hey all

Wanted to get some advice on startup costs and cash flow breakdown for 2-bedroom STR condos in the midwest demographic where most of your cash flow comes in the warm months. Specifically, we are in traverse city Michigan market. The reason I ask is we are pitching this model to friends that may want to invest and get involved and I want to build an accurate performa.

That being said, do you all have insight on what the original startup cost is for furnishings, small appliances such as coffee machines and first round of consumables (ie coffee, cleaning supplies, toilet paper etc)?

Also, any advice on how to explain how cash flow would work?  Should I break it down into seasonal cash flow?  If people are specifically in the TC market would love to hear what you see for cashflows in summer vs winter.

Thanks again!

Thanks everyone for the great differing experiences and the advice.  This is a great group!

Hey everyone.

We are trying to figure out if there is another more cost-effective way to have TV options for our short term rentals rather than traditional cable.  Netflix would be awesome but they don't have options for tons of accounts.  Any other ideas or things you all do instead of an expensive basic cable package?

Thanks

Thanks Anthony.   Very good advice/insight and thanks for the short term lead.  Will check it out.

Hello everyone. I am a relative newbie to BP.com and have been reading a lot on how to identify and analyze a good deal for rental real estate properties.  My question has to do with how those of you more seasoned in short term rental properties analyze these deals differently than more traditional rental properties.  Is cash flow less important?  Do you have to anticipate and expect more seasoning time due to more up front costs like furniture and other disposables?  Just trying to figure out how to analyze this type of deal as we are getting started with STRs in traverse city michigan.  Thanks in advance

Hello everyone. I am a relative newbie to BP.com and have been reading a lot on how to identify and analyze a good deal for rental real estate properties.  My question has to do with how those of you more seasoned in short term rental properties analyze these deals differently than more traditional rental properties.  Is cash flow less important?  Do you have to anticipate and expect more seasoning time due to more up front costs like furniture and other disposables?  Just trying to figure out how to analyze this type of deal as we are getting started with STRs in traverse city michigan.  Thanks in advance