All Forum Posts by: Paul Stewart

Thanks Andrew 

Yes we are in ACNJ most of our properties are in AC but do have a handful in Ventnor and other shore towns. I'd have to ask my wife who handles the accounting etc about the fee question. 

30 to 45min a month for 62 properties Not bad. I guess they are the same Taxes so it makes it easier. With different municipalities I am expecting this to be a bit more lengthy for us. 

 Oh absolutely it would not be free just as most integrations in this business are not free. How much I would be willing to spend? I don't know exactly but some kind of % would be fine. For example Hospitable has a option for this through there direct bookings payout sections but it is only for specific states. The fee for this service is basically passed down to the guest one way or another. I am just surprised it seems Hospitable is the only PMS that has dived into taking on this specific situation. We manage between 80 and 100 listings it varies winter to summer but the processing of manually Remitting and paying out the property taxes takes much longer than 10 min. Though lets say 10 minutes times 100 properties is about 17hrs. I'd say each property on average has at least 2 bookings a week ( more during the on season) so that's about 34 hours a week average. Not the easiest or streamlined system. Even if it was 8 hours a week that is pretty crazy. We have AI that can answer specific questions why not a easy integration to remit and pay taxes directly? Just thinking out loud here. 

 I see Avalara but from looking at their site it is not clear if they are actually making the payments or are they just helping you figure out the amounts to remit? I did just reach out to them to ask specifically. 

STR Life- Remitting Tax

I got a good question for the BP fam. If you are a STR operator how do you deal with remitting and paying tax? Now, if you do not use a PMS and only have a few properties or only operate on Airbnb that's a non-issue. For those of us that operate many properties or use a PMS where you are the merchant of sale for VRBO bookings and any direct booking I'm curious how everyone does it? I am guessing most are paying those remitted tax manually. I am wondering if there is an easier option or app that literally will remit and pay said takes for you. I feel like in today's day in age there are so many tools for STR operations and I cannot believe there is no integration for a merchant of sale transaction or some kind of financial app/ software that can take the remitted taxes and pay them to the government automatically. Wondering if anyone knows a software that does that or is our only course manually pay remitted taxes…

Hey BP World,

I’ve been a bit quiet here for a while, but I’m ready to change that. When I first dove into real estate about seven years ago, I was devouring the forums and reading every BiggerPockets book I could get my hands on. As my portfolio grew, I became laser-focused on the work in front of me.

My wife and I own Cozy Co-Host LLC, a short-term rental management company based in Atlantic City, NJ. Between growing our business into one of the largest STR management companies in South Jersey, building our personal portfolio, and starting a family, my time for forums and reading on platforms like BiggerPockets fell by the wayside.

But I’m ready to get back into it—sharing, learning, and connecting with this amazing community. I’m no polished writer, and my grammar might not be perfect, but I hope to find some fun and value in posting here regularly. Let’s chop it up and talk real estate!

What’s the Goal?

Over the past seven years, I've gone from being a novice investor to owning 28 investment properties. Some are in partnerships, while others are owned solely by my wife and me. On top of that, our STR management company now oversees more than 90 listings under the Cozy Co-Host banner.

My wife and I have transitioned from the typical 9-to-5 grind to achieving financial freedom as business owners and real estate investors. I’m incredibly grateful for everything real estate has brought us. That said, it wasn’t an overnight success story. Scaling was slow, and we reinvested almost all of our profits into new deals to keep building.

At this point, I feel like we’ve found our niche, but I keep asking myself, What’s next? What’s the next big goal?

I’d love to hear from others who have reached a comfortable place in real estate:

• What’s your next step once you’ve “made it”?
• Do you stay in your lane, or explore something new?

For me, the thrill is no longer just about profits—it’s the excitement of hunting for the next deal and learning something new along the way. I think stepping into development and new construction could be an exciting path to explore.

What’s your take? What’s your next big real estate goal? Let’s hear it!

Hey BP World,

I’ve been a bit quiet here for a while, but I’m ready to change that. When I first dove into real estate about seven years ago, I was devouring the forums and reading every BiggerPockets book I could get my hands on. As my portfolio grew, I became laser-focused on the work in front of me.

My wife and I own Cozy Co-Host LLC, a short-term rental management company based in Atlantic City, NJ. Between growing our business into one of the largest STR management companies in South Jersey, building our personal portfolio, and starting a family, my time for forums and reading on platforms like BiggerPockets fell by the wayside.

But I’m ready to get back into it—sharing, learning, and connecting with this amazing community. I’m no polished writer, and my grammar might not be perfect, but I hope to find some fun and value in posting here regularly. Let’s chop it up and talk real estate!

What’s the Goal?

Over the past seven years, I've gone from being a novice investor to owning 28 investment properties. Some are in partnerships, while others are owned solely by my wife and me. On top of that, our STR management company now oversees more than 90 listings under the Cozy Co-Host banner.

My wife and I have transitioned from the typical 9-to-5 grind to achieving financial freedom as business owners and real estate investors. I’m incredibly grateful for everything real estate has brought us. That said, it wasn’t an overnight success story. Scaling was slow, and we reinvested almost all of our profits into new deals to keep building.

At this point, I feel like we’ve found our niche, but I keep asking myself, What’s next? What’s the next big goal?

I’d love to hear from others who have reached a comfortable place in real estate:

• What’s your next step once you’ve “made it”?
• Do you stay in your lane, or explore something new?

For me, the thrill is no longer just about profits—it’s the excitement of hunting for the next deal and learning something new along the way. I think stepping into development and new construction could be an exciting path to explore.

What’s your take? What’s your next big real estate goal? Let’s hear it!

Yes I did upvote it. I really hope you guys will consider it. I think it would help bring in more larger scale managers to hospitable. I feel like hospitable is known for more small scale managers or those with only a few listings. I have had others mention that to me and try to swing me to other PMS. I really like Hospitable though and know other larger scale managers would favor hospitable over other PMS if there were some more channel integrations. Hopefully it is something will we see in the future. 

I have been with Hospitable since they were "smartbnb" have 92 listings on their software. Overall I am very happy with them. The API to VRBO sometimes is a issue but since most my business is on Airbnb its not a huge game changer. We were going to switch to Hostaway last year since they have direct API connection to VRBO. The day we were set to switch over I was told with their direct API, VRBO no longer will process payment and for our business model I was not setting up 90 plus listing stripe accounts or doing the accounting for that process. We ended up staying with Hospitable and have been fine with it. I do like Hospitable direct booking options and that they can process payments, tax etc. on their end and each DB site can have a different pay out options for different clients. MY only issue now is we are looking to partner with Marriot Home and Villa's but Hospitable does not have a partnership for API connection to Marriot so looks like I am most likely looking to either go to Hostaway or Hostfully. For direct bookings does Hostaway or Hostfully over payment processing?