All Forum Posts by: Tim Schroeder

@Ken Latchers it's not a ridiculous request. Perhaps he just needs somewhere to start, like we all did.  When I needed a contract I didn't write it from scratch, someone was kind enough to share what they had. I then modified it as I saw fit. If I was really on top of things I'd run it by a lawyer - as everyone should. Hopefully I'll get around to that eventually. FYI it contains macros you'll need to change, and it was designed for use with rental cabins in the Tennessee mountains. Here it is:

https://www.dropbox.com/s/811v...

This is why you keep properties in their own LLC. So you're limited to losing that one property, not all of them as well as your own personal assets.

I wouldn't. It's not going to benefit you and it could get you pulled into a legal mess of some kind. Unless they explained why and it was a good reason and you felt it was justified.

 Both sites charge the same 3% amount. AirBNB calls it a booking fee, VRBO calls it a credit card fee.

What do you mean? A way to get it for less than 3%?  Or the best way to get it at 3%?  I doubt you'll find anything much under 3.

As people said above, learn it first then do it. There are many. many threads on this subject. But once you learn the basics, it can be very profitable - much more than LTR's - but a lot more work. However, some of that work is work you can mostly do from a smartphone lying on a beach. Other times it's a PITA.

Of course

$250K will buy you a nice 1br with a loft (which rents as a 2br), and gross revenue will be higher than that if you self-manage. But Lucas Carl can (and will) tell you more and has better information than me.

Do you have an HOA? HOA's are common in Denver, and they frown on AirBNB big-time.

Bear in mind that AirDNA data will be a LOT less useful in markets where VRBO is the leader.