.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

A Property Manager can also assist with understanding local regulations and the practical aspects of property management, ensuring you make a well-informed decision.Feel free to share more about your specific needs.

One of the other factors that kept me from pulling the trigger is that the city has never passed any real STR regulation.

Hi Jemini, I would start by doing research in the markets you're interested in to see what the rents vs. purchase prices are along with looking at the supply and demand of the market. 

Consult a CPA to ensure compliance with tax regulations and explore strategies that align with your goals, such as providing for your mom while managing tax implications effectively.This post does not create a CPA-Client relationship.

Great idea, but check your local regulations.

There is a $200 cancellation fee to cover the extensive materials and supplies we give you when you join. 

One thing to take note of is that a lot of places that are established STR markets have regulations stating that you have to honor future bookings.

The only thing propping them up and forcing them higher is our monetary system and governmental regulations that limit competition in the market place. 

Those types of conversations or tactics are now going to be regulated.