All Forum Posts by: Ben Bradley

Hi All,

I am under contract for my first STR property. The existing owners asked to transfer the bookings over (and I believe chapter 42 of the NC laws state I have to accommodate that). However, I am curious if anyone has done this and has tips on how to best do it. From what I took away in the Avery Carl STR book said - we should have the existing owners tell people they are canceling their bookings and that they need to rebook with me and provide my URL. This way refunds are issues on the platforms and everything stays clean.

Is that the best/smoothest way? 

Would this impact my future search rankings, if I come out of the gates with a summer's worth of bookings immediately? 

Tips, hints, and suggestions are welcome! 

Hi All,

I too recently moved to the Wilmington Area (I am in Ogden on Middle Sound Loop) - wanted to say Hi, and looking forward to meeting some of you in person! 

-Ben

@Ronald Allen Barney Thanks so much. So you use software to manage this? I was thinking of hiring and person. Someone who can help me navigate how to set up the structure. IE leverage every tax incentive possible. Does the software help in this way?  

I am Hyped and ready to start making moves. I have been absorbing as many of the BP podcasts as I can and reading all the books I can on this. I need to build my Core 4 (well actually I think a core 6) I need. I have a real estate contact (and lender likely). The gaps I have are with the Underwritter, and Property Manager (which I likely will do to start this process). However, I see 2 other critical roles missing one is a rock star CPA - to help guide me on the best way to move and frame out this company/money structure. I am at ground zero, but want to know the best way to set up/build with the best foundation possible to take advantage of any tax incentives possible. The second is a lawyer for the closings/contracts.  

If anyone has suggestions on who to use, or how to find these people, please do share!