All Forum Posts by: Nancy Bachety

Add it as a line item in your pricing. Along with taxes, cleaning fees, management fees, there's a line item called community fee. We add $5 per stay here and the HOA charges us separately which we pay monthly automatically. If you can't add it per night, raise you nightly but do not nickel and dime guests upon arrival.

It's usually invites trouble and a different kind of usual guest. Don't get me wrong, it can work in some markets and type of place. I've personally tried booking same day as a guest if we're on the road and hotels aren't nearby or convenient and it's been fine accommodations. But not for a STR.
For same day, if you want it worth the trouble, increase your price instead of lowering it. Or keep it empty. You have to ask your cleaners how they feel about it too. You want to keep a good cleaning crew happy and not want to quit working for you.

If your two-pronged approach is causing stress for your cleaners from these problematic guests, it’s actually not working. Try using only one approach, either lower price or no same day check-ins. 

Those metrics are available for similar listings or over time. The “what it means and why it is important” sounds like what you’re asking about. It allows you to single out features and compare to similar listings. 
For some unknown reason, we switched from getting bookings mostly from VRBO and few from Airbnb. Comparing your data on both platforms is probably more revealing despite the unbalanced sources of bookings. 

@Todd Goedeke that’s awesome that it works so well for you. Good luck with this.

 You got it right, the other poster is either wrong or misunderstands this topic.

Owning real estate inside any type of IRA is profitable for the Solo IRA custodial holders. Forget self managing a STR inside an IRA.
Rarely does it make sense for most re investors. 

@Troy P.. @Todd Goedeke good graphic but if you follow it accurately it’ll lead right to schedule e. No substantial services are provided. That’s why you shouldn’t believe everything you read on a forum. Learn to read the irs codes, then evaluate your own specific circumstances. 

Yes and yes @John Carbone

@John Carbone

I finally got an agent assigned and called him. I told him why I was right, it's non passive. He finally understood how the regulations on STR work and asked if I "do Airbnb". Once I told him yes, he asked if I had a guest list showing 7 night or under stays. I faxed him 8 pages worth of our guest lists. This was months after I had submitted to no one in particular my log of 200+ hours of material participation, along with citations from the irs tax code.
It wasn’t an audit per se, it was more like a request for clarification. Maybe it’d be called an audit but it was only about that one issue, they saw this as passive investing, like traditional LTR. 

Noteworthy, every CPA that markets their STR loophole courses, and they are here on BP and on FB and have been mentioned here, they all act as if they have the secret to saving hosts thousands of dollars. It’s no secret, and you don’t need a course. You don’t even need a real estate savvy CPA. You just need to know the so-called STR loophole, ie, the regulations, the law- and tell your CPA. It’s a fairly new regulation and as Airbnb and STR have exploded in recent years, the irs agents simply don’t have enough experience with hosts returns, like they do real estate investor LTR returns. 

No one cares about your money more than you.