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24 January 2025 | 4 replies
If the guest feels slighted, there is no fact checking service provided by AirBnB to confirm their claims, so it is up to you to let future guests know the level of professionalism you provide.If you are able, I would recommend editing your response to the 1-star review.
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20 January 2025 | 1 reply
Who do you recommend?"
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22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!
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24 January 2025 | 36 replies
I have a separate short term rental insurance policy (insurance agent recommended short term policy over long term since it's ultimately being used as a short term rental) Curious if that is the same as the Airbnb $1M liability insurance or if they have a separate one
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26 January 2025 | 7 replies
Here’s what I recommend instead:Offer Value Beyond Price: Rather than just lowering your rates, focus on adding value to the guest experience.
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21 January 2025 | 10 replies
Start by asking for recommendations from local real estate groups, Facebook community pages, or other landlords in the area—they’re often the best source.What do you think about getting a good referral from a good property manager?
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26 February 2025 | 27 replies
I would recommend that you start with buying a primary residence using a low down payment loan, like a 5% down conventional loan, live in it for a year or two and then keep it as a rental when you go and buy your next primary residence using another 5% down conventional loan.
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22 January 2025 | 2 replies
I highly recommend finding a broker and have them find a policy that meets your specific requirements.
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18 January 2025 | 8 replies
Make it your business practice to post the notice to pay or quit precisely on the day after the grace period ends, every time.
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24 January 2025 | 2 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?