Quote from @Andrew Lawlor: I've been actively investing in short-term rental properties for the past three years, managing one live property and another that will go live in two months.

Readers should seek professional advice.

The marketing copy and photo captions, professional photos, and weekly activity on the OTA listing, makes a big difference in bookings.

For those things that require time, ask for amount of time they'll need for an average house in the area given the sales environment you describe for each activity, and agree to a minimum and maximum reimbursement for each item.They'll push for their (ludicrous) 6 percent, and you'll remind them that in Scotland it's done for 1 percent, and that the market in your area is super hot so the house will sell itself with little work.Either you will persuade them, or they will persuade you.You are wrong to think, however, that your preconception of what is involved is relevant to the question of what is "reasonable."

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.

This TDR is a new program that has been in development for 30 years and should ignite into an active free market for credits this coming July 15.

This community and forum have been an absolute treasure trove of information and Id love to actively contribute along the way.cheers! 

We are planning to purchase a home and convert it into a community living space for people in recovery. Has anyone here had experience with this type of project?
It was suggested that we create an operational company...

@Marcus Auerbach How many hours of active management per week would you say it realistically takes to manage 50 units yourself?

I’m A 11th Grader And I’m Committed To Being A Young Real Estate Investor After HighSchool...Just Trying To Seek Advice