Yippy made some money in my first year flipping...now time to figure out my taxes. I'll preface by saying I'm a CPA but don't let that fool you as I was just a former auditor with probably no more expertise in taxati...
What are the metrics you use to analyze your short-term rentals?
I've been analyzing my 4 short-term rentals from Kissimmee / Orlando (Disney area) and over the past few years they've grossed consistently around 18-...
Hey STR friends!! I have a question for all STR owners that post mountain cabins on AirBnB and VRBO. I was practicing the Enemy method @Avery Carl in the Pocono mountains. For fun, I compared two properties with th...
Hi All,I’ve got a cabin under contract in the smoky mountains that needs about 40k of work. I had planned to use a renovation loan to fund the remodel, but then talked to another lender who scared me out of it.I’m now...
Hi guys,
Been lurking here for quite awhile and I thought it was time to tap the collective BP wisdom. I'm currently trying to find a method/platform of accounting for my 5 rental units. I've been using Quicken, bu...
Hello,
Do I have to report my bird dog fees that I collect to the IRS?
Thanks
I list one side of a duplex in North Austin on Airbnb as a medium term rental (30+ days). I found there are 3 ways to increase revenue on a medium-term rental:1. The most obvious one is increasing your nightly rate. I...
I am getting ready to start my first rehab project and wanted to know if any STL investors use certain banks for business lines of credit? If so what are some of the requirements and what are the benefits?
Hey everyone!
For those Pennsylvania based investors and legal experts out there I was wondering if you can provide some guidance on the situation below:
If I purchased a multi-family property in my name, then trans...
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