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All Forum Posts by: Nick M.

Nick M. has started 19 posts and replied 70 times.

Post: Michigan Sales/lodging tax collection and payment

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Michael Baum

That’s good to know - thanks! We’re excited to get our first booking and while we still have some work to do at the house, we listed it with availability starting in late April. We should be done by then and have everything in place. Do you use a “book” for information or an online service ? That is one of our next projects…

Post: Michigan Sales/lodging tax collection and payment

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Michael Baum

Thanks again Michael.

BTW - Are you using both platforms? Or more than Vrbo and Airbnb ? Any insight into what or how many platforms should be pursued? I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

Post: Michigan Sales/lodging tax collection and payment

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.

I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

Is the tax the 6% sales tax?

Thanks

Post: Looking for a contract to use for STR

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Bruce Woodruff

Thanks for your response and advice. Appreciate you taking the time to provide your insights. Newbe here wondering about how to best navigate theses aspects

Post: Looking for a contract to use for STR

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Michael Baum

Good morning, I sent you a message.

Thanks

Post: Looking for a contract to use for STR

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Bruce Woodruff

Hi and thanks for your response; as I am just starting out, I am probably speaking from a place of ignorance with respect to STRs but in listening to some of the folks speaking about STRs, it was suggested to have a contract that protects us (if needed). Maybe what Brno and the Airbnb have is sufficient but have not seen (yet) what that looks like - I am just setting up my vrbo account now.

Any other feedback/insight is much appreciated. Thank you

Post: Looking for a contract to use for STR

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

Hello - I am just starting out with a short term rental that I am updating currently and planning to have it ready shortly (I’m in Michigan).

Am looking for a contract to use as I’ve heard that vrbo and Airbnb do not have specific contracts.

Anyone have an example I could leverage and not start from scratch?

Thanks in advance

Post: Buying occupied house at foreclosure auction

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Jay Hinrichs

Jay - thank you for your thoughts and I definitely intend to be mindful of the delicate situation this may put the current owners in and handle it appropriately.

Post: Buying occupied house at foreclosure auction

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

@Randall Alan

Hi Randy - thank you so much for your feedback and advice. Your detailed explanations of the potential options are very helpful - my first time at a bank foreclosure auction and as I am going through the process I try to anticipate what all might be coming my way and prepare as best as I can.

Thinking about using it for our family’s summer “vacation home” and short term rental when we are not using it. Thinking vrbo or Airbnb. Have never done this before and will need to start getting up to speed on what all is required to get on vrbo and Airbnb, any local city requirements for this type of use.

Thanks again

Post: Buying occupied house at foreclosure auction

Nick M.Posted
  • Real Estate Investor
  • Sterling Heights, MI
  • Posts 70
  • Votes 14

I bought a house at a foreclosure auction and am in the process of signing contract and preparing for closing in 30 days. The house is currently occupied by the people that the bank foreclosed on. 

From your experiences, what is a good/effective/quick way to have the current occupants move out? 

Thanks in advance for your thoughts!

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