Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 10 replies
Warm-up: FAQs that are often answered wrongQ1: I pay less than $600 for my AirBnB cleaning.
Tod DuBois
Many leads but not bookings on Furnished Finder - to to resolve
14 January 2025 | 19 replies
Leases are signed electronically (esign.com), and I set them up with RentRedi for deposit, cleaning fee, and rent payments.
Stuart Udis
What language was added to your lease in 2024?
30 December 2024 | 7 replies
When they move out, I can access their account to charge for cleaning and repairs.
Ryan McKay
The Next Deal...
29 December 2024 | 24 replies
I take a percent off of total top line (including cleaning fees) that is 5-10% less than what a local "hands on" operator would charge.
Marc Shin
STR - pets vs no pets
16 December 2024 | 21 replies
I've allowed pets in my STR for five years and haven't had any problems except some extra cleaning a couple times, which was paid for by the guest.
Rajesh Kasturi
Best Places to invest for Mid Term Rentals with cash flow and appreciation
24 December 2024 | 8 replies
MTR brought in 75% of the gross and more of the net due to lower cleaning fees for turning over the STR.For gross numbers we brought in about 1.2% of the ARV value in monthly rent this year which is decent based on the rules of thumb at least.
Chris Lu
New BP member looking for STR budget feedback!
22 December 2024 | 5 replies
If you do outsource, some management companies will cover various things like cleaning, supplies, etc. so look into that as well.
Jewell Arceneaux
BRRRR- My first home investment
11 December 2024 | 6 replies
Stick to a budget, align with local trends, and consider DIY projects to maximize your ROI.Good luck!
Steven Catudal
Investing in Alabama as out of state investor with a partner
15 January 2025 | 12 replies
Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.