All Forum Posts by: Rebecca Cramer

 Ive heard the prices are at an all time low but you think it will still go down?

 It is popular but apparently not popular enough. Calendars were so sparse for airbnb homes there. Thats why Im a little worried it wouldnt get booked. 

I am looking at buying real estate in Puerto Rico and renting it out on Airbnb. I looked at other airbnb rentals and even the superhosts in popular vacation town called Rincon that have calendars that are WIDE OPEN! Like a few sparse weekend and weeks but mostly NOT BOOKED! Im wondering if its a good investment because not only can you only ask $65-$125/night (vs my rental in Ocean City, Maryland when I can get up to $700/night) but it seems no one is renting down there period. Is this just because of the hurricane and people aren't going there as much or is Airbnb not big in Puerto Rico or is this just the short term rental situation in Puerto Rico period?

I have heard of the great tax benefits for Puerto Rico so I wanted to take advantage..and if anyone knows those advantages and wants to break that down for a short term rentals business through airbnb that would be great too! Thanks everyone!

 I have a friend I might partner with that has a home town close to Rincon which is a popular vacation spot for American's for its surfing. So that is where I am looking. 

I am looking at buying real estate in Puerto Rico and renting it out on Airbnb. I looked at other airbnb rentals and even the superhosts have calendars that are WIDE OPEN! Like a few sparse weekend and weeks but mostly NOT BOOKED! Im wondering if its a good investment because not only can you only ask $65-$125/night (vs my rental in Ocean City, Maryland when I can get up to $700/night) but it seems no one is renting down there. Is this just because of the hurricane and people aren't going there as much or is Airbnb not big in Puerto Rico or is this just the short term rental situation in Puerto Rico period? 

I have heard of the great tax benefits for Puerto Rico so I wanted to take advantage..and if anyone knows those advantages and wants to break that down for a short term rentals business through airbnb that would be great too! Thanks everyone!

Thanks everyone! I decided to give a full refund for the night. It stinks it was a weekend and the amount was so much but the truth is, I would prob leave a bad review if I wasnt given a refund for the night so I need to "do unto others.." Thanks for all the advice!

I had a guest stay this weekend for two nights. $500/night. First night AC was broken. It was just fixed and they will have the second night in AC. Should I give them a full refund for the first night? Or partial? What would you do? HELP!

Thanks!

I just went to my first bigger pockets meet ups! The people there were not into short-term rentals/vacation rentals but into the fix and flip stuff. So, they all said I should get a LLC...in MONTANA! Apparently there is a benefit to having an LLC in Montana vs Maryland where I live. Anyone able to tell me why? So another question in, is this legit advice or is it unethical? THey were saying you pay a little money a month to have mail sent there and then forwarded to your regular address. Do people do this? It sounds sketchy to me..but maybe its all good? Please tell me what you think of this AND please tell me if doing an LLC is even a good idea as an investor in the short term rental business. Im thinking of buying a second vacation home in the same area..does this change the need for an LLC? Does an LLC take away the tax benefits at all? Im just starting this business and really just trying to wrap my head around it all. Thanks for any help and thoughts on all these matters!

So I just started an airbnb business with a vacation home we bought this past January in Ocean City Maryland. I wanted to find out if it is important to get a CPA that is local or if it matters if they are out of state and why. We live in Catonsville Maryland so I guess I should find a CPA in Catonsville where we live full time? 

Also, can I trust a CPA that is a good general CPA or do I need one that specifically is an expert in real estate. Even more, someone that specializes in Vacation Short Term rental businesses? How do I know they specialize in those areas? Because I know a lot of people will say "oh yeah I do vacation rental businesses.." but how do you really know they are GOOD and an EXPERT in all those loop holes and tax benefits I can get as a real estate investor, small business owner, vacation rental business owner, ect...

Any help and direction would be great!

Thank you!

My husband and I want to take the plunge and try our hand at real Estate. We want to buy a few hours away in Ocean City, Maryland, where we grew up vacationing. We want a Mobile Home on the bay but still a close walk to the beach because we want water front but cant afford Ocean front. I just don't know if OC is too saturated with rentals for the summer and we would not bring in positive cash flow to make money off the rental. Can anyone give me some indication? We are thinking of doing Air BnB to rent it out and I have looked at what's out there on Air BnB, HomeAway, FlipKey and other sites to see if similar homes are rented out yet for summer 2018 and it appears they are all still not rented out yet. Anyone know about how much we can expect to rent it out next summer or in general?  Thanks!!!