Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Blair Russell

Blair Russell has started 2 posts and replied 273 times.

Post: Airbnb Rental Advice?

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

@Andrew McConnell I've never heard of this 45 minute rule. What's the reasoning? 

Post: Best door lock for vacation rental

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

I use Kwikset for my Locks, Radio Thermostat Company of America for my Thermos, and any Alarm.com supplier will give you a lot of options. I even get fire alarm alerts to my cellphone. 

Post: Short Term Renting Primary Residence

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

@Blake Brose is right but don't forget Insurance, and the IRS.

Post: Best door lock for vacation rental

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

I would look into locks incorporated into home control systems, so your thermostats, locks, lights, and security are linked. 

Post: Expenses by property - an accounting question

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

Expensify has Quickbooks integration but I don't use it. I don't really see the need for accounting software yet in my life, things are still relatively simple. 

Post: Expenses by property - an accounting question

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

Vacation Rentals here too, it can be a headache with different bills coming in and supplies and all that. I use Evernote and Expensify to help reduce the strain. 

Evernote - Has a built in scanner you can use on your smartphone that takes excellent clear scans  of receipts from anywhere (No carrying around paper). These can also become searchable text if you need to find and reference them later. You can quickly, scan, label, categorize and tag these. 

Expensify - Automatically imports your credit card or bank account data. It also has a receipt scanner that automatically fills out all the information (Date, time,  store, amount) and then can match it to the data. It also creates an ereceipt if your charges are less than $75 so you don't even have to bother scanning a receipt. (I normally don't use it as I prefer Evernote for my receipt storage as I reference them often and it is much easier to search. But it's personal preference). I can then categorize them (accoriding to IRS rules) and tag with different houses or even send them to separate house expense reports. At the end of the year I can just print these reports with all the attached receipts and send to my accountant, or myself if I'm doing it. 

Once you set your workflows up which is maybe an hours work total, it works really well. On Mondays all I have to do is see what expenses have flown in to Expensify and attach any necessary receipts. Send them to the separate house expense reports, and add in any charges that weren't on my business CC or from my business account. 

Post: Which insurance for hosts?

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

@Matt Smith No Idea as I haven't filed a claim yet, but I'm sure it does. I don't really use this for minor breakages or anything like that. Just the cost of doing business really, plus that's what security deposits are for. 

Post: Air BNB or Homeaway/VRBO for a vacation rental/ski condo

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

@James Carlson Thank you for the grammar catch too. A lot of posts today...must be fatigued! 

Post: Vacation rental business

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

Post: Vacation rental business

Blair RussellPosted
  • Investor
  • Las Vegas, NV
  • Posts 273
  • Votes 217

Hi @Christina Morin The beginning is so exciting! There is tons of information here do a search and you will find many similar threads looking for VR strategies. Not to mention the blogs and podcasts. James Carlson has a great response on This Thread.