All Forum Posts by: Neil Henderson

When I've dreamed of splitting a huge lottery with family, I've always wondered how that would work with taxes. If you didn't jointly buy the ticket, all the winnings go to you. Then, isn't any money you give them subject to a gift tax above a certain amount?

Wouldn't you just view it as an additional source of income that increases the NOI? I know value add multi family investors who add value by charging for garages, enclosed patios, parking spaces, etc. There certainly might be a buyer who tries to carve it off and say they don't want it factored into the calculation but that's part of the negotiation.

Las Vegas City Council is also meeting this coming Monday, May 15, to discuss further regulations on short term rentals. Be aware of whether the subject property is in the City of Las Vegas (legal with a license for now) or Clark County (illegal to rent anything under 30 days). Much of the Las Vegas valley is in the county. I suspect the casino lobby has been quietly lobbying to shut down short term rentals. That and there have been some irresponsible operators renting large homes in nice neighborhoods as party houses.

I'm having a really hard time finding how to submit a job for Upwork. I used it back when it was eLance, now that it's changed, the only option I'm getting is to search FOR a job instead of create one.

My wife and I have been doing very well listing a guest house at the front of our home on AirBnB for three years now. I've found AirBnB to be VERY easy to manage and their fees are low. But I've reached a point where I don't want to be too dependent on just one medium for bookings. 

I know there are a myriad of tools now for managing and syncing the two calendars but I was wondering if anyone can share some experiences, positive or negative of using the two sites.

Great! Thanks Erik!

I'm using Proper Insurance as well.

All great replies all. Definitely food for thought. 

If you are setting up a Roku, Amazon Fire, etc., obviously it's connected to your account. Any issues locking the Guest account down?

Probably a great short-term rental market if it's legal. Like most municipalities popular with AirBnB these days, the regulatory landscape can be tenuous. Also keep in mind if the home is in an HOA they can change the rules with the stroke of a pen.

Do your due diligence on what the city allows and beware the HOA board.

http://www.sandiegouniontribune.com/business/touri...

We have a vacation rental property in Las Vegas, NV. Studio unit at the front of our home. It currently has a 35 inch HDTV with Directv. I'm contemplating taking the Directv received out of the unit and replacing it with a Roku/AppleTV/Google Chrome, etc. to offer streaming services, or maybe a DVD player with access to those streaming services. 

I'm curious if anyone else has done anything like this. My chief concern is over complicating the TV for guests.