
16 October 2024 | 25 replies
This is one of their biggest advantages as they often bypass the personal liability and credit reporting of traditional loans.

7 October 2024 | 4 replies
Deeper Dive into Rental Demand:Here are a few alternative ways to gauge rental demand:Local Property Managers: Reach out to property managers in the area for insights on vacancy rates, tenant demand, and how long it typically takes to rent similar properties.Vacancy Rates: Research the average vacancy rates in that zipcode through local real estate reports or rental listing platforms like Zumper or Rentometer.Rent Growth Trends: Check whether rents have been rising, stagnating, or falling in that market over the past few years.

9 October 2024 | 10 replies
Establish some "safeguards" to keep them honest and consistently check their work.
10 October 2024 | 0 replies
For example, the National Association of Realtors (NAR) reports that around 10% of home sales occur without being listed on the MLS.

8 October 2024 | 22 replies
Most of what they are asking is consistent with what I already do (I may have to change some of my timing) but boy, it makes me wonder what other hosts are doing out there that they have to make this a policy.Answering critical questionsYou must answer critical questions from guests in accordance with the timeline below:5+ days pre-stay: answer within 24 hours2 - 4 days pre-stay: answer within 12 hoursOn the guest’s check-in day and during their stay: answer within 1 hour (for messages received between 8 am and 9 pm in the property’s time zone).Access or Check-in instructionsYou must inform guests how to check in or access your property at least 72 hours before their scheduled check-in time.

9 October 2024 | 10 replies
I say biased, because it seems fair and unbiased reporting is a thing of the past.

9 October 2024 | 9 replies
Frank - Love this report!!!

7 October 2024 | 7 replies
Then I sent them local updates consistently.

8 October 2024 | 4 replies
However, the exact treatment may depend on your accounting method (cash vs. accrual basis), but most individual taxpayers use the cash method, meaning they typically report expenses when paid.

7 October 2024 | 3 replies
This is how the rental income is reported on their personal tax return."