Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

As part of his investment of capital into scaling, he hired a marketing firm specializing in SEO, SEM, social media, direct email, etc.  

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

The frameworks others have presented of viewing the site as a lead-generation tool where you, as the host, are handling all the payment processing and screening is pretty accurate. 

You can get the Bigger Pockets paid membership and use their Find a Market Tool to analyze.

What tools can we use to analyze the rental potential in other neighborhoods?

Believe me, I’ve seen my share of ups and downs: from navigating interest rate spikes to figuring out out-of-state managment back when online tools weren’t half as good as they are now.

If you’re positive you can get in and out fast or refinance smoothly, maybe it’s a tool worth considering.