Luckily, due to the number of items this person had at the home, we added charges for each day beyond the set closing date for them to vacate the property.

Folks forget rates did not drop below 6% until 2009, which was due the nearly collapse of the world economy and of course the rock bottom 4 and under was a result of the world shutting down due to covid.  

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.

Emphasize that this was due to the guest’s actions, not an “act of God.”If escalation doesn’t work, consider sharing your experience in Airbnb host forums or on social media to get their attention.

However, I do not know who this could be beyond a property manager which would not work in my case since I am looking to self manage for both tax (material participation in STR loophole) and profitability reasons. 

Let me explain....Once I learned what others in the group were being fairly compensated (also from Hunter), I quickly realized that I had left 7 figures on the table last year due to my lack of knowledge in this area.

You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

Along with the new tax cuts! 

If you don’t pay the tax when you transfer the stock to them they’re going to owe the taxes on your gain and you haven’t really “paid them back”. 

You need to pay the small bill to mitigate your risk of thousands of dollars of damage due to pipes freezing if the electric was off.