Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked. I'd love to utilize their expertise when assessing a property since they are local bu...

Also, I'd lease out the other bedrooms for additional income as well as practice screening, leasing, and interpersonal comms.  

Practically speaking, it’s going to be quite challenging unless you spend significant time.

For most single-state investors, a local LLC is the practical choice. 

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

As a CPA and real estate investor who is a general partner in two syndications, I want to share some practical advice to set realistic expectations.

Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked. I'd love to utilize their expertise when assessing a property since they are local bu...

Unfortunately it's not practical in a rental unit.

What's common practice?

I need a suggestion here to handle maintenance and cleaningTURNO for automated cleaner payment and scheduling along with inventory trackingQuickbooks / Bookkeeper to keep my PM business in alignmentChase bank & trust accountI'd like a better method for managing linens (bulk order) and distribution.I'd love to compare property management / cohosting agreements with someone to share best practices.