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All Forum Posts by: Bob V.

Bob V. has started 2 posts and replied 2 times.

Post: Any STR owners in the Austin area

Bob V.Posted
  • Austin, TX
  • Posts 2
  • Votes 1

I'm in the early stages of considering a venture into the short-term rental business in Austin. I'm keen to connect with fellow STR owners in the area to gather insights on the ease of finding cleaning services and associated running costs. Additionally, I'm interested in understanding typical STR fees to help estimate cash flow.

If anyone is willing to share their experiences or offer advice, I would greatly appreciate it. Looking forward to connecting with this vibrant community!

My wife and I own a home that we are renting to another family. I have a property manager who manages the renter and we pay him more than $600 per year for his services. Since the payment is over $600, IRS requires us to furnish a 1099 MISC/NEC to the property manager. My question - can I issue a 1099 NEC/MISC to my realtor as a sole proprietor (using my name as Company name ) or do I need to incorporate/form an LLC first? Thanks for your input in advance.