All Forum Posts by: Valerie Neng

My husband and I own a short term vacation rental cabin in rural Washington State that gets rave reviews and generates about $40K in revenue per year (about $20K profit).

Using our own experiences as urban dwellers who love nature and excellent design sensibilities, we're really good at creating unique, memorable experiences with high quality design.

We'd like to buy more existing vacation properties to rehab and hold for 3-6 years.  Also considering buying rural vacant land to build prefab new construction.  

We're looking into conventional and hard money lenders, but wondering if there we could take out a small business loan since we're basically running a hospitality business through Airbnb?

Thanks for any ideas!

@Timoteo Guy Similar to Grant, I've also outsourced laundry for my apartment buildings to a third party vendor.  We've had good customer service with a local company called Hainsworth.  They install, maintain and collect money from their own machines.  Residents call their 800 number with any issues.  We provide the laundry room/space and split the revenue.  Hope this helps!

Hi!  We've been using CBIZ for our Airbnb listing in Washington State.  I believe they specialize in Airbnb and VRBO short term rentals.  It's covered as a commercial property and the premium is 20% higher than my homeowners insurance.