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12 May 2024 | 12 replies
It needed a new roof, new septic tank, water heater, well pump, hardwood floor refinishing, light reno in kitchen (paint cabinets, replace countertops, 1 new appliance), full bathroom renovation on 2 bathrooms cleaning up wood rot on siding, painting exterior.
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14 May 2024 | 12 replies
Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.
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13 May 2024 | 11 replies
Quartz is actually stronger than granite, it doesn't require sealing and is easier to clean, it has more color options, and likely cheaper than granite.
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13 May 2024 | 8 replies
That means no repairs or cleaning needed.
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11 May 2024 | 14 replies
For example, cleaning fees will now need to be included in the nightly rate shown to travelers.
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13 May 2024 | 16 replies
Hi as Steve and Jason pointed out it is very important to keep funds seperate.You will need an escrow account, if it's required by law, your account will need to be titled XYZ ESCROW ACCOUNT, if not so required, it can be any account but ONLY deposits and funds held in trust should ever be depoisited to this account and any withdrawl should be well noted on the check and on your books.If you comingle you accounts and you need paper towels to clean units, the IRS can simply disallow your deduction saying it was used at home since it was paid from a personal account or one of comingled funds.I too would suggest you formalize a business entity, an LLC probably.
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11 May 2024 | 8 replies
I just like to know when there is a pet in the place, so the cleaners do a little extra cleaning afterwards for any future guest with possible pet allergies. his response"I really don’t recall a block even being available to even list a pet, as an ABB host I’m pretty attune to those details."
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12 May 2024 | 9 replies
While I've done some research on the topic, I feel that hearing from those with firsthand experience could provide invaluable insights.From what I gather, co-hosting involves assisting Airbnb hosts with various tasks, ranging from guest communication and check-ins to cleaning and maintenance.
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12 May 2024 | 2 replies
Tell them they can put “clean fill” in the low spot or they can buy dirt from the high spot.
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11 May 2024 | 4 replies
Your responsibility ends with providing a clean and safe place to live.