All Forum Posts by: Account Closed

@Michael Baum this is going to be a home where we rent two of the rooms. I will definitely be contacting a CPA. Thanks for your advise and help.

Thanks,

Nick 

Hello,

Will I find any tax advantages / benefit by creating an LLC for my live-in Airbnb?

What are some of the upfront processes that I should be aware of that will affect profit and/ or taxation pertaining to this Airbnb?

Thanks,

Nick

@Gio Corpus thanks for the reply. I’m not sure that I understand your last idea about suspending the account.

@Mark Miles great wisdom! A lot of good information. Thank you.

@John Dean thanks for the input. I am using AirDNA, and you can tell the ones that are staged correctly with good photos are bribing in more revenue by a long shot. Thanks :)

@Armand Khatri thank you! I can really appreciate not having an obnoxiously long manual.. Short and sweet.

Thanks

@Donna Chazanov how insightful! This is why I love BP. I appreciate your time and thoughtful response. Thank you :)

@Paul Cox I can definitely appreciate your suggestions. Thank you very much for the advice. You’re right about the cost of management... We will give it a go.

Best of luck on your 2nd!

Hello,

My girlfriend and I have put in an offer on a 3 bed / 2.5 bath house just 4 minutes drive from the heart of the Bishop Arts District in the Oak Cliff neighborhood of Dallas. This property has been rehabbed 100% from pier and beam to roof structure, and everything in between. Spectacular rehab. We want to rent our space full time on Airbnb, but also live in. 2 bedrooms and 1.5 baths will be dedicated to the Airbnb.

I want to hire a 3rd party property management company to run the business. I am not trying to buy my way into another job outside of my 9-5.

If the offer is accepted, we are ready to purchase all necessary furniture / etc that would make our home as comfortable as possible.

I have personally used Airbnb on 11 different occasions, and never use hotels anymore. I love feeling at home when I am in another city, state, or county.

What advice can you share to make this experience top notch for our guests? What amenities, pieces of furniture should we include? Do you know of any good management companies? What should we be aware of or avoid? What have you enjoyed most about your Airbnb experiences? What is a non-negotiable?

Thanks in advance,

Nick

@Steve Morris thanks for your input!

@Jeremy Stanfield

I appreciate the feedback and information.

Thanks for your time!

Nick

How creative are you getting with your yellow letter marketing?

Do you include a photo of you and your family / dog?

Have you included a link to visit with a short video about yourself?

Are you using jokes or unusual / unexpected language?

What out of the box ideas have you found aided in your yellow letter marketing success?