If you're looking at this from a distance, connecting with a local property manager could give you a clearer picture of what to expect in terms of tenant demand and property management challenges.Let me know if you need any more info or want to chat further about this.I hope that helps

I have been a superhost on Airbnb with my first rental property that I bought in Warwick back in November 2023 and am looking to network and connect with tax professionals in the Rhode Island area that can help me better understand our tax picture as it relates to our business and STRs in general.

You will get hassled at customs if you  are travelling frequently, as they deem this as doing business and may require you to get one.  

:) Thank you I like your profile picture you look like a beautiful daffodil. 

When you transfer money between two parties such as between a merchant like Walmart and a customer like yourself,  there are about 8-12 private ledgers that must be credited and debited as the funds move through the current financial system which was developed decades ago.  

This will give you a clear picture of any liens or claims that could affect your plan.Consider Subject-To Financing: This gives you more control over the property, simplifies resale (especially if an FHA buyer is involved), and eliminates risks associated with the seller retaining legal title.Weigh the Risks of a Land Contract: If you’re looking to avoid closing costs, a land contract could work, but ensure that the seller is financially stable and cooperative.

And can refine that picture of where, what and at what price something should make sense.

I had an 8 hour surgery that day and my husband and I (mainly him) worked on uploading our custom lease after the surgery and we were going to send it to her that evening.

I  am personally staging the home tomorrow and will have pictures taken on Thursday. 

I'm new to STR's and was wondering, from a big picture view : How do you run the numbers on a potential STR?