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6 June 2024 | 5 replies
I netted enough to make a decent profit AND my guests and I got personalized attention that is critical to STR success.
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6 June 2024 | 4 replies
I personally am a STR manager and know two STR managers in AZ (websites below) and happy to answer question about the process or what to look for in a good manager if you'd like!
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6 June 2024 | 6 replies
I haven't had any experience with it personally, but I have some contacts at Bee Safe, a brand based in Greensboro, NC and focused on climate-controlled storage facilities in retail locations.
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4 June 2024 | 4 replies
it actually does, at least for VRBO. because if you are API connected, then you collect the money for VRBO stays and pay taxes on it. if you are not API connected, then VRBO acts like Airbnb and handles all payments, etc.
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6 June 2024 | 4 replies
Sure, having a personal mentor is awesome for getting targeted advice, but being part of a mastermind takes it up a notch.
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5 June 2024 | 14 replies
Consider hiring the VAs to handle cold calling, freeing up your schedule to interact exclusively with motivated sellers in real-time, and look at other channels like direct mail, text, SEO, and boots on the ground networking.
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4 June 2024 | 1 reply
I also handled “servicing” the note for a 1% annual fee, decreasing the investors yield to 10% (they were still VERY happy with the yield and increasing my yield to 16%.
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1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?
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7 June 2024 | 24 replies
He specializes in fix/flips/builds, buy and holds (STR/MTR/Section , Creative Finance, and various commercial asset classes.Meetups are the #1 way to get started or grow your real estate business.The next person you meet just might become your business partner.
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7 June 2024 | 14 replies
There are so many great resorts to choose from - happy to chat and discuss the pros and cons from your personal perspective and also revenue potential.