Chad Prescott
What type of expenses can I expect on a first time rental?
20 years old living in Panama City, Florida. I am trying to get my first rental property. The home cost is going to be around 100,000 and I was going to get a loan and put 20% down. What expenses should I generally ex...
William Bucklin
What Is the first task you would outsource in your REI business?
There is always that one thing that you dread dealing with. Is it eviction notices, cleaning a trashed apartment, screening tenants or just the book keeping. Whats the one thing that would make your Real Estate Busine...
Erik Kubec
SHST, routine maintenance, de minimis example
Hello BP folks,Here is a real scenario for one of my properties with regard to how to use the Safe Harbor for Small Taxpayers, Routine Maintenance, and/or De Minimis options.Property LCT has an original basis (just th...
Cory S.
Scheduled Maintenance Choices
So what is everybody's opinion on being more proactive with your property and having scheduled services done throughout the year. Which ones would you do?EXAMPLESFall & Spring Landscape Target Date: March/April an...
Robert Love
House Hacking and Roommate Questions
Hello, BP friends,I am new to real estate investing, and I am going to house hack a 4/2. I am looking for 2 roommates. I am also looking for additional roommates for a 4/3 home that I own. Currently, one person is ...
Ramsey Blankenship
What is your morning routine?
I have heard nearly all successful people such as Tony Robbins, Grant Cardon, Timothy Ferris etc. describe their morning routine. Most of them do something along the lines of "Mind, Body, and Spirit" so I wrote down a...
Chris B.
General holdover question
I have read several posts here on the topic of holdovers as well as researched the idea elsewhere. Based on your advice (Nathan) I think I'll be adding the criteria that holdovers will be charged at 4X normal prorate...
Salvatore Ross
Deposits and Fees
Is anyone charging a security deposit for guests? If so, how much and why? Is anyone charging a fee for pets? Or baking it into the nightly rate and/or cleaning fee?
Jeffrey Dylan Levy
Accounting Software for STRs?
I am about to buy my second AirBNB property and want to keep my expenses in line a bit more.
Does anyone have any experience with short term rentals accounting on one of the following softwares:
Quickbooks Sel...
Rebecca B.
Can I get into the STR market with $50k?
Hi all,I'm at a crossroads and thought I'd reach out here to other STR investors. I will be cash-out refinancing my LTR next spring, I can expect about $50k to fund my next investment and I'd like to buy my first STR....