All Forum Posts by: Kayla Utley

I have someone interested in staying 8 weeks at my STR during my slow period for a traveling CNA position. I am considering having him book in 1-2 weeks at a time. He is 38 years old and has no reviews.

Two questions:

Anything I need to consider or protocols I should put in place?

What is the typical way to price something like this? I was thinking $100/night when I’d generally charge $125-$155. Is $100/night way overkill with this length?

Hello! We have just one STR that we manage 💯 on our own. My husband has a high paying W-2 job. I am looking for an affordable CPA who is well versed in STR and offsetting W-2 income.

Anyone using a CPA doing a great job for them who doesn’t work for clients with millions to billions invested in real estate?

My husband and I are fairly new to real estate investments but do have one short term rental so we are looking for a CPA that is well versed specifically in short term rental tax strategies and someone willing to provide knowledge on how we can change/add/grow to help us keep as much of our W2 income as possible! Any recommendations appreciated!

Quote from @Kayla Utley:

Quote from @Chris Webb:

What type of units are they? How did you come about your income? I get a 21% CoC return using your income number at a 7.5% interest rate and accounting for vacancy and repairs at 5%.
   I used the income they are currently getting listed on the realtor website. I put in a 6% interest rate, 3% vacancy, 8% repairs

Quote from @Chris Webb:

What type of units are they? How did you come about your income? I get a 21% CoC return using your income number at a 7.5% interest rate and accounting for vacancy and repairs at 5%.

Quote from @Greg R.:

Do you have any specific questions about the deal? What are your goals here, are you intending to hold long-term & cash flow?

My goals are to hold long term, use as a long term rental for appreciation and cash flow. I have yet to land a multi family deal. The analysis looks promising. Anything I am missing or should consider? With a 4 plex a commercial loan is an option, correct? 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Bruce Woodruff

Thanks!

@Kenneth Garrett. Thanks!

When purchasing a vacant LTR, do you furnish the house for renters? Also, do you arrange snow plowing in the winter or do you leave that up to the tenant?