All Forum Posts by: Trish Mccoy

I'm sure this have may been discussed before, but I missed it. I currently use Excel to track all my rev and expenses - I have 11 doors - mostly STR and a few LT. I need something better to keep track of things. Any input on Accounting Software that is easy and kinda of tailored to STR - or rentals? A couple that I have heard of is Freshbooks, Quickbooks, Zoho, Xero....anybody have experience with any of these or others? Looking for something easy to use and economical. Thanks in advance.

0 Votes

Same as a Long Term Rental agreement but either to a shorter lease time frame or structure as a month to month. I use CAR - California Assoc of Realtors form - and then I include an addendum with that. I also have them fill out a short application.

5 Votes

Cleveland, Ohio

Yes, I do have that currently. All l do is verbally let LT know the other house is an STR. I put in my check in instructions and descriptions in Airbnb etc.. I usually tell the STR where to park as to not block other guest. It has never been a problem for the STR or the LTR

1 Vote

No way do I allow any events - primarily because of stress on a septic system, liability, permits required in my county, neighbor/noise impact.

If you decide to allow I would definitely charge a premium

2 Votes

Quote from @Tom Dempsey:

Hey All -

I am starting the buying process to look into getting my first short term rental property soon and have a few questions that hopefully some of you experienced vets can touch on.

1) What are some extra expenses that I may not be considering going into getting my first STR? Obviously the closing costs, furnishing costs, and utilities all come to mind when first thinking about it but I was curious if anybody has ran into any other issues or unexpected expenses out of the gate.

2) I am curious to know what you guys did for furnishing your rental units? Is this something you outsource or mainly handle yourself?

3) Looking for recommendations for mattresses that you get. I have gotten the memory foam ones in the past but feel they aren't the top quality that is needed for good reviews. (Not sure if this matters as much as I'm making it out to be)

4) Any recommendations for making the space unique? I know the typical game room and cozy fire pit is and will always be a hit, but I want something even more exciting than that.

I appreciate the help in advance! Thanks BP Fam!

1. there is a lot to furnishing and STR... not only furniture but all the dishes, small appliances, linens, glasses, wine glasses etc..

2. I handled all my furnishings myself - shopped at various places, Ikea, Ashley, etc

3. I get my at Ikea - guest love them

4. People alway love hot tubs - it kinds of depends on your area - maybe have some bikes or something that does with your area.

1 Vote

Looks clean and inviting. Good job.

1 Vote

No that is not accurate. Many cities and counties allow for STR, and some do not. You'll have to check with your local city or county, as it all varies.

1 Vote

I will always advise my guest during winter months they should drive a 4 wheel drive car as it may snow. I will have the road plow if snow is significant and people are unable to get out or in .

1 Vote

Minneapolis, Minnesota

I usually make them pay for a cleaner every 2-4 weeks.

1 Vote

Louisville, Kentucky

Sorry, I don't know anyone in that area. I would either google electricians or establish a relationship with a local Realtor and I'm sure they would have someone.

0 Votes

All Forum Posts by: Trish Mccoy

Trish Mccoy has started 9 posts and replied 183 times.

Post: STR accounting software

Post: Need a Mid-Term Lease Agreement

Post: Long Term Tenant on Short Term Rental Property

Post: Do you allow events such as weddings?

Post: Locking up first short term rental

Post: First STR Listing; Looking For Feedback

Post: Airbnb in CA short term law, accurate???

Post: How do you address snow removal for your STR?

Post: 30-day rental ... cleaning question

Post: Electrician in the Bay Area