I remember him mentioning it multiple times in the podcast, but I can't remember the specific book, can anyone help me out here?

.- Platform Fees: Airbnb and Vrbo charge around 3% per booking.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).

Honestly, as sexy as it sounds to be active and go after them on your own, as a rookie, even with some book education, the real world can knock you on your azz so I would suggest going with a very experienced and proven sponsor.

Some do 200k a year or more.No way will I believe that unless someone shows me their audited books.

Then all you realistically can do is manage bookings, delegate to handymen for repairs and hire cleaning service.

@Tim Delaney you asked what the return on equity would be and I'm not sure--I don't have that formula in any of the books I've purchased.

My favorite way to collect rent, bar none, is still waiting on my porch for my tenants go come by and hand me wads of cash.

Here's what we do for direct bookings, our booking flow is different for Airbnb bookings.1.

If you chose to do the tenant a favor, its beyond me why he expects you to pay relocation also.

I tried to book it on ShowingTime but the agent said I needed to give a 24 hour notice.