All Forum Posts by: Krishnan Iyer

@Josh Ball .. Howdy .. wanted to follow up on this older thread. How is the new 15% addon pricing working out for you? I am contemplating this one now and wanted to check on your setup. Thanks.

2nd question first … indicators are pointing to 100% bonus depreciation to be back based on current budget status. Still needs ratification etc. etc.

The STR loophole does not depend on the number of properties. It's about WHEN your 2nd property will be put into service - i.e it's furnished and ready and advertised as available for reservations. After that you need to meet the requirements for qualifying for Material Participation.

@William Blaker - are you planning on setting this up as a Short Term Rental? If so the 14-day limit has some implications. Just checking.

@Patricia Andriolo-Bull - thank you!

Collin, Wanted to follow-up - for your direct booking website, do you have damage protection (something like AirCover from Airbnb?), what do you use for payment processing? I am guessing you remit your county/city taxes yourself? what is your vetting process for guests - do you use a 3rd party software? I am just starting off on Direct booking and had these questions. Thank you.

Thank you - will definitely give it a shot.

In the meantime, anyone with Hospitable Direct Premium experience, please chime in. Thank you!

@Michael Baum - good question! They don't do too well in my area and I have been dragging my feet and need to learn a bit more about VRBO. 

About Direct Booking Websites - My 3 STR's are currently on Airbnb only and I use Hospitable as my PMS. Want to venture into Direct Bookings - anyone here using Hospitable's Direct Premium website option? If so, could you share your experiences please - pros/cons, likes/dislikes, how has it helped with your STR reservations, etc. etc.? Thank you!

Krishnan

I would opt for transparency and show the breakdown of all fees. One less question to answer. 

BTW, all STRs in California are required to reveal all mandatory costs up front. That means all fees that must be paid as part of the booking — including cleaning fees, host fees, service fees, and more — must be visible to prospective guests.

Others have good comments on location, price etc. From a tax/IRS perspective, for your property to be considered an STR, the average stay for the year should be 7 days or less. If. You don't meet this criteria then it will not be considered an STR and you cannot get the tax benefits. Just a thought.