All Forum Posts by: Andrew Steffens

Hey Ariel -

PM of 50+ units in Tampa here.  We have quite a bit of experience in this, and we have found (at least in our experience) that doing the larger single listing always nets more money and less headache (i.e. guest of one unit pissing off guests of another).  I highly suggest that route!

Hey Alex - I am in FL and not an accountant at in any state but this really is a question not just for any CPA but a CPA with real estate experience and in CA (or very well versed in CA law and practices). We do have clients who have out of state LLC's owning property here in FL if that info is of any use to you.

 I agree with the other comments above, but if you really want to know average annual occupancy rate as well as average nightly rate, we (as a 60 unit management company) use AirDNA.  Analyze the comps and weigh the ones most like the subject property heavier.

Hey Matt - Im not a lending professional but have some experience in this. Did you purchase it with a FHA, Conventional, VA or other loan?

We use Streamline which is designed for Property Management Companies.  They, as well as other software, handle this and more.  If you are only listing one to a few properties it likely is not necessary, or there are lighter software designed for smaller portfolios.

We use Streamline - which is designed for medium to large Property Managers.  However, they do have an app for cleaning and maintenance which integrates reservations and can incorporate checklists and work orders etc.  Hope that helps!

 Thanks Luke!

Hey Michael congrats! We own a local STR company in Tampa/Cleatwater/Saint Pete. We do STR and Mid Term Rentals. I am going to shoot you a PM now. I look forward to hearing from you!

Tampa Bay Area (Clearwater/Saint Pete)