This week's post goes out to the data-driven folk...First, let's talk about two key metrics: Average Daily Rate (ADR) and Occupancy Rate (%).Understanding ADR: Maximizing Rental IncomeThe Average Daily Rate (ADR) is a key metric in the short-term rental (STR) industry.

Market selection, value offering, pricing strategies and marketing all play key roles in a successful short term rental performance in todays competitive market.  

We are about to enter into a few more escrows today.

Since today is the deadline to file 1099s with the IRS for all contract workers, I thought I'd share a simple "best practice" for getting the paperwork done.Print out a short stack of W9 forms to keep in your car or bag, and hand one to EACH vendor upon your first meeting (or at least before you pay them). 

Or $2000 for a separate basement if you're short-term renting it on Airbnb.I'm not saying buy anything, but find a solid home in a solid location and buy it.

If you're only keeping the PM for a short time, I would only ask what the process is for terminating management and determine if you will have to pay any penalties.I would also consider keeping the PM.

Located near the University of Notre Dame, while I lived there for two years, I would short-term rent it for games and events and then stay at a family member's house.

For instance, multi-family turnkey cash flowing acquisitions, fix and flip with bank owned properties, setting up short term rentals, and wholesale properties.  

Short term, for properties held under a year, and long term for properties held over a year.

I stumbled on some information about short term rental tax benefits as it pertains to lowering W-2 Income.