All Forum Posts by: Ronit Lodd

 Paul, which software are you moving to?

Hi everyone,

Curious to know if anyone with 10+ listings recommends a property management software that will keep up with scale, as well as could work well with Direct Bookings?

I currently use Hospitable, but the UI is slightly clunky. It's great for now, but not sure if it can keep up with scale as I go over 10 properties. However, I've heard lots of bad experiences online with Guesty, Hostaway, Hostfully, etc. etc. I want to get ahead of things before it becomes too overwhelming to switch PMS.

Any advice and insights would be appreciated. Thank you!

Alternatively, you could continue growing as a personal account and then swap your account to a business account if/when you want to. airbnb.com/account-details allows you to pick if you are an individual, business, or other entity. Then, if you sell the business after you accumulate say 10-20 properties, you can just transfer account information (email & password). Like @Jethro Stoltzfus mentioned, that wouldn't be violating any TOS. If the owner of the AirBnB account is the business, then it DOES NOT violate TOS when you sell the business. Just because whoever "managing" it changes, it doesn't make a difference.

However it does make sense to start building a brand around your company especially if you are looking to do a 7-8 Figure exit after accumulating 10-20+ Properties. VC Firms and buyers would be looking for a portfolio that doesn't just have 1 or 2 streams of income, but rather also having the direct bookings and social media presence.

There may not be many buyers who would purchase a 10-15 property portfolio, but if you scale to 30-50 or even 75-100+ Owned Units, I would think that VC / Private Equity firms may be interested. @Eddie Gonnella Also, when you are at such a scale, you may be able to fetch a valuation based off of cap rates, rather than a rev. multiple.

So it is possible, and it is smart to think ahead in this situation so you don't get stuck with nothing if you want to exit!

Hi everyone,

Anyone have any recommendations for an accounting software that can handle multiple properties across multiple LLCsfor short term rentals? I'd want it to be able to generate P&Ls and Balance sheets for separate properties, and be able to accommodate multiple LLCs on one login. 

I have a few short term rentals across the United States which are in multiple different LLCs. I currently use Quickbooks for accounting but can get tricky when having multiple entities for tax purposes. I don't want to use the classes/locations as it's not exactly good for tax filing on multiple LLCs. 

I've heard of Stessa, AppFolio, Buildium, etc. but a lot of them feel tailored towards LTRs and rent collection.

Thank you in advance.