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20 November 2024 | 14 replies
Now, I think the best exit strategy to avoid recapture tax continue to build on your portfolio would be to do a 1031 exchange.
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19 November 2024 | 1 reply
Be upfront with tenants about lease terms to avoid surprises, and those summer STR rates?
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19 November 2024 | 5 replies
A channel manager like Hospitable syncs bookings across all platforms, avoiding embarrassing overlaps and keeping all communications centralized.Automated Cleaning Schedules: After each guest checks out, cleaning schedules can be synced automatically with the cleaning crew—eliminating missed cleanings or the need for last-minute arrangements.Automating these aspects of STR management isn’t just about making life easier—it’s about maximizing profits, improving guest satisfaction, and bringing back valuable personal time.Have you tried automating your STR?
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18 November 2024 | 3 replies
Suggestion: AVOID LIKE THE PLAGUE.I never received my order, no eta, and the only response I received was dated 10/21 saying they’d contact the manufacturer for a status.
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19 November 2024 | 23 replies
Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.
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18 November 2024 | 47 replies
It is the IRS rules around short term rentals.Loophole - A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.
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18 November 2024 | 27 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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20 November 2024 | 12 replies
Airbnb & VRBO can be synced through the calendar to make it easy & avoid double bookings.
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20 November 2024 | 15 replies
If you’re tackling major work like a full bathroom gut, expect it to stretch out, but with a solid plan, you'll stay organized and avoid delays.
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20 November 2024 | 45 replies
We don't need to "make homes cheaper", we just gotta remove the barriers and special interests that support monopolies, limited competition, centralization, corporate over private, and take things back to middle America, small business, main street over wall street.