All Forum Posts by: Clayton Hucke

I purchased a condo in September of 2018.  Rehabbed the property in one month.  I started marketing the property with availability starting October 12th.  I immediately received three weekend bookings and an inquiry for a longer booking.  I eventually worked out a short-term lease agreement with this lady.  According to the short-term lease, she would be renting the condo for 2.5 months.  She also agreed to let me honor those weekend bookings in addition to allowing further Airbnb rentals while she was back home for Thanksgiving.  Her lease was from October 15th-December 21st.   After December 21st, I had two consecutive 7 day bookings.  

My question is, can I still just report this property on Schedule E, since the vast majority of rental days were under her short-term lease agreement?  The way I saw it, the extra Airbnb days were the icing on the cake.  I'd hate to be subjected to Schedule C, just because I was able to open the property up to make some more money.

Thanks for all input!

@Clay O. Thanks for the local referral! I’ll reach out to them.

Can someone recommend an accountant with RE experience in the Tulsa area (Midtown)? I have four properties. Purchased 2 this year. Started Llc this year and do short term rentals with one property.

Thanks everyone!  I appreciate all the advice!  Looks like there are several options.   I will probably reach out to two or three to get an apples to apples comparison.

Hello Bigger Pockets community!  Does anyone have any recommendations for which lending institution is the best in Tulsa, Ok, for acquiring a conventional mortgage for a rental property?  My wife and I are looking to get pre-approved, so that we can begin the search.  We have a 7-month old daughter, and would like to purchase the property for her college savings.

Prefer to get a 15 year note.  Looking for best cost/terms/customer service.  Any advice is appreciated!  Thanks!