it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

I see why they say, never go into business with family.

I signed up for Baselane today after switching from Mercury for my business account (LLC).

The program has been great for my own STR investments and my co-hosting business.

My motto, "Honesty, Integrity, and Accountability," has always been my guiding principle—not just in business, but in my personal life as well.

We exclusively travel during non-peak seasons, so we would be looking to rent out completely during busy/peak seasons, and would stay at the place during slow seasonsQuestions for the experts out there:1. which development(s) tends to be the best for ROI/have the best occupancy rates?

Here are some top amenities that have proven to offer excellent ROI:High-Speed Wi-Fi: This is essential for both leisure and business travelers, especially in today’s remote work culture.

I'm a retired engineer and have been successfully using income from these houses to support my retirement without dipping into retirement savings.I'm transitioning my business from rentals to a franchise and would consider selling one of my houses (5 br/4 ba - the other houses my son while he's still attending).

If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landlord policy or similar name) or a commercial policy such as a Business Qwners or Package policy.Most homeowners or dwelling/fire policies include:1.