Investor · New York city, NY · Member since 2015 · 21 posts · 12 votes
Hello,
I'm trying to sort my liabilities in order based on my properties..
2 family which I House hack in the Bronx.. - under a 1 million Dollar umbrella policy.. which I believe is good enough..
I have a 1 bedroom condo in Puerto Rico in Airbnb.. - s Corp based out of nyc .. with this property set up as an asset.
A 2 bedroom condo in Puerto Rico in Airbnb... - separate s Corp based out of nyc . With a 50/50 partnership/shares between myself and my boyfriend . with this property set up as an asset.
Any advice or suggestions different from what I'm doing?
Would love to connect with others that have experience investing in condos or homes in Puerto Rico that are also in the home sharing economy..
@Adianice C. I do not have any experience with that but wanted to see if you could share how your STR’s are doing on AirBnb in PR? I’m interested in setting up a corporation in PR due to all the tax breaks the island just annouced. Any advice/guidance on investing on the island would be greatly appreciated.
I built myself up to bring a superhost.. and when I started I made sure to read every week reviewed Kindle etc on being successful.. took the strategies and went with it.. it's a pain in my *** when it comes to my guests calling or texting at weird times but I think about the end goal..
Be mindful.. they're beachfront.. I maximize my nightly rates.. and I have complete trust in my cleaning lady that is her thirties.. tech savvy and is bilingual..
Both are paying for themselves.. and cashflow is around 400-600/ month on high season.. (winter months).. 200-400.. low season..
Winter months you get the expats/tourists etc
Summer months it's locals from the East coast..
I'm in Rincón.. West coast.. surfer town.. I get to come to my Paradise whenever I block the dates.. and love it!