Collect cleaning fees and put more of the booking fee on the traveler if your rentals are in demand and it's the market isn't overly competitive.

It would be Jan income.He only knows about it, but if an accountant is just running his books on QBO or another platform and only connect with the feeds.

I would like to expand a bit and put some systems and processes in place and generally get a little more serious when it comes to the management side.In Brandon Turner's Book- The Book on Managing Rental Properties, in chapter 3 he talks about creating a company policy binder.

I will mention that a hot tub could really increase the frequency of bookings. 

$6K in taxes and expense vs $17K in Federal and State taxes.Ok so after all this, book a consultation with a tax advisor.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

The tourism authority has had some good information in the past about how many visitors come to each island and, of those visitors, how many book STRs.

The best way to learn about how to really invest in real estate is to read books, listen to good podcasts, and pair that with going to in-person meetups so you can see people just like you, married with 3 kids, who are making it work for them.

James uses the program to market his book that went from $35 down to $5 in a matter of six months.

The reality is a lot harder than some books make it sound like.