7 things we've NEVER told you about short term rentals
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- Опубліковано 9 жов 2023
- October Prime Big Deals Day Picks:
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As a cleaner (and soon to be STR property manager myself) I do appreciate tip #1! Also, I’m VERY interested in what tax info your guy has to say about hiring kids. I’ve had one CPA say do it and another CPA say don’t. It makes sense to me to hire the kids (who do legitimately work in mine and my hubby’s businesses) and stow away that money and use it as a tax deduction. We both operate as Multi Member LLC’s
I would love to know how you screen potential guests and what sort of red flags to look out for. It's the one factor stopping me from managing the house myself. You two are wonderful. I really appreciate all of the helpful information you provide, and it's also a lot of fun to follow along on your journey 😊
Nicely done. Love you guys and your videos! Expiration dates are more like guidelines anyway (insert pirates of the Caribbean meme here)
Yes!!! #2 is fantastic. ❤ love your practical tips.
You guys are amazing ❤
Thanks for watching!
Guys, I’ve got a question that I haven’t seen anyone ask before - when adding photos to your listing, do you include the local activities as well? I mean if its a mountain apartment and there are amazing horse riding and hiking and etc, do you add pretty pictures of horse riding and beautiful mountain views to the listing or you just keep the photos of the apartment itself?
How many tvs can you have on one UA-cam TV subscription?
Do you have a vid on channel management software? You mentioned email capture in this vid, and direct marketing + OTAs is my next high season strategy.. so keen to hear about your back office tools
Looking forward to the collaboration with Ryan. Q - does he have knowledge/tips on Canadian taxes relating to LTR's & STR's?
Yes, don't skimp on live TV... we learned that one the hard way! We're interested in any tax advice or tips for foreign rental properties! 🇧🇸
How is replacing the electric keypad door handle batteries? I manage mostly remotely with in person every 4/5 months
Hi, I love your videos. I have a tax question. I started airbnb at my primary home this fall (while I'm traveling). I booked for 11 nights in 2023 so it isn't taxable. However, can I deduct what I bought to prep the home for guests? And if not deductible in 2023, can I deduct the purchases I made in 2023 for my 2024 taxes when I book over 14 nights?
Thank you for always sharing tips. Do you restock paper towels, toilet paper , etc if they extend their stay for over a month ? TIA!
Good question! We don’t typically restock after the first month if they extend, but we honestly probably overstock for that first month anyway. We wouldn’t be opposed to it, but no one has ever asked. The cost to restock is such a small percentage of our management fee on a monthly stay.
Edit: Actually, one person asked for coffee so we did drop another Costco box but that’s it that I can remember.
@@kyleeandsteven thank you for responding. It’s our first year doing Airbnb. We are doing everything on our own. One property is doing great and the other is not moving (beach). Btw we homeschool too!! Saw in your last video.
Could you please ask your tax guy if he has any advice for someone building a small glamping site on owner occupied property?
And tax strategies for owner operators?? Currently reading Rich Dad Poor Dad's book on this it's pretty digestible but actioning and approaching this discussion with my cpa has been confusing.