All Forum Posts by: Lauren Lockett

I'm currently looking for an STR policy as well. I'd get a quote from Steadily as mentioned, but Thimble is another one I read about in an AirDNA article. Hope it helps!

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I've never heard of Kin, but I too am in the market for short term rental insurance. I currently have a homeowners plan with Allstate and plan on asking them if they have something like a short term rental rider plan that I can add in addition to my current plan. On Instagram, I came across Waivo and Steadily. I'd try those 2 as well! Good luck!

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Riverside, California

What a great discussion!

If you don't mind me asking, @Collin Hays and @John Underwood

What methods do you use without dynamic pricing? Do you look up competitor rates? Do you have experience and know the cycles of your market so you know the best price? Just curious, since I'm currently having my STR designed and furnished and my next step was to sign up for dynamic pricing.

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Gatlinburg/Pigeon Forge, Tennessee

These are amazing ideas and what's great is your meetups would be a great place to ask these questions as well! I was watching a Youtube video by Rob Abasolo that you may like to consider called "How I'd make $10,000/month on Airbnb if I lost everything and had to start over". Some ideas were being a virtual assistant for hosts and co-hosting.

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Thanks so much for sharing! This is crazy insightful!

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Thanks for sharing your recap! I think I'll add that to my 2025 calendar to attend!

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Adam,

I'm trying, but unable to tag a realtor from the Short Term Shop @January Johnson. I'm unfamiliar with all the spots in Florida, but I remember her from the Short Term Investor bootcamp and she may be a great resource! Good luck!

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Panama City, Florida

Hey Joel,

I've seen that same playset on Sam's and think that's such a cool idea. I don't have any experience, but thought as a mom of 2 boys and avid traveller, it's something I'd appreciate when we travel. Good luck and happy closing!

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Quote from @Desiree L.:

I have to give a shout out to Bigger Pockets! I am a regular listener to the Bigger Pockets podcasts when I am doing chores around my house and my STR property. A few months ago, I was listening to a podcast (I think it was one of David Green's, but I don't remember which one.) He had a female CPA on who talked about the benefits of an STR Loophole for those of us who have W2 income as a way to take deductions that are normally not permissable when the tax payer makes a certain amount of income. I had a huge amount of expenses in 2022- pool, new windows and doors, that I was unable to use as deductions because of my W2 income.

After hearing about this STR Loophole, I reached out to my tax preparer to see if she was aware of this. She was not. She contacted the IRS to learn more. She just amended my 2022 taxes and I am getting a very large 5 figure refund from the IRS. I have another reason to thank Bigger Pockets for my financial well being.

That's so cool! Congrats on your return and cheers for looking into it!

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Quote from @Sarah Kensinger:

I'm wondering if you posted this in the wrong form.....

Also, you can find vacation markets that cash-flow, but you have to look for the golden nuggets in places that everyone else passes over.

Absolutely finding plenty that cash flow, just looking for something less expensive. Thanks Sarah!

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All Forum Posts by: Lauren Lockett

Lauren Lockett has started 4 posts and replied 41 times.

Post: Aircover vs. Proper

Post: Homeowners Insurance Quotes

Post: I fired dynamic pricing today

Post: How can I help STR investors and learn at the same time?

Post: This ONE Change Can Boost Your Airbnb Ranking

Post: STR Wealth Con Recap - Thank you Nashville, TN!

Post: Short term rental (preferably beachfront condo) investment PCB

Post: Adding a playground for my Airbnb

Post: STR Loophole- Huge return for me

Post: Switching from STR Investing to LTR Investing: Where to start?