For those who have done a base rent + percentage of wedding event operator revenue, what percentage did you use and how did you determine it?

I’m starting with just 1 listing but plan to recruit neighbors in my beach market to list on my custom website tailored to our community / market so I hope to be at 10+ listings soon even though I only own & operate 1 right now.Guesty’s pricing did not appear to be competitive and for someone starting with fewer than 4 units but planning to scale up behind that, Guesty does not offer a migration path from their “for hosts” product to their “for pros” version - it would have been a complete redo on setting everything up.

They are very tech savvy and very progressive in how they operate. 

The level of fixed costs to operate has gotten so strong, while demand has diminished and is a fraction(depending upon what business) compared to 21-22.

This raises the operational costs for hosts.Compliance with Hotel Occupancy Tax (HOT): STR operators must collect and remit the city’s HOT (9% for San Antonio and 1.75% for Bexar County)​. 

If you're ever looking for assistance, I have owned and operated multiple sober living programs for about 6 years now and also have been in the investor/landlord position.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

You might not be aware of the amount of money invested in marketing for a wholesaling operation.

Find a good property being totally mismanaged - offer to purchase 60% and take operational control selling your property management expertise and future profitability, providing property owner/seller with enough cash to pay off his pressing debts keeping current loan in place. 

The Flock only operates portfolio of SFR.