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All Forum Posts by: David McHenry Jr.

David McHenry Jr. has started 3 posts and replied 5 times.

I have two AirBnB's that need cleaning in Phoenix AZ (in the following Zip Codes:85006 & 85020). Please help me because I have been searching for and meeting and contacting cleaners for weeks and have had no luck. I am looking for an affordable, well-reviewed cleaner that I can trust to turn my properties over when I am out of town, as soon as possible. Please refer someone to me, or a company even, that I can contact and choose to help me out expeditiously. Thank you for your time...

Originally posted by @Ryan Swan:

@David McHenry Jr. yes, you apply for a TPT from AZDOR and then file your return and pay taxes through their site. I believe the correct order is 1) Register as a rental with the county (this has to be done within X days of it being a rental) 2) Apply for TPT 3) Register with the city where your rental is located 

Okay, Thanks Ryan.

Okay John and Melanie, thank you for the insight. I will pursue both ideas promptly. I appreciate the help.

I am a newbie to Short Term Rental Investing and I had a typical newbie question because I have recently moved to Phoenix AZ within the last 12 months and am in the process of acquiring multiple short term rentals in the near future.

I was simply trying to wrap my head around the entire process of registering my AirBnB/Vrbo adequately, according to the State's new STR guidelines. https://www.airbnb.com/help/ar...  this site kind of explains things, but I am not exactly sure what exactly the blueprint is for the process in chronological order (because I have to do things for the State, County, and the City altogether):

  1. Do I apply for the Transaction Privilege Sales Tax license first with the State, and then register the short term rental with Maricopa County after that, and then finally submit the property's contact information to the City??

I would love to hear some insight and get a bit of direction from someone who has done this before in Arizona...

https://www.scottsdaleaz.gov/c...   This site explained it much better, but I am still just double checking that I am on the right track for doing everything correctly as a new entrepreneur... Any and all help is greatly appreciated. Thanks!

Please excuse my stupidity but I am a young, new Real Estate Investor that owns one out of state rental property (in UT) and is looking to purchase a home in my current state (AZ) with a hard money loan. I have found a lender that I think will work and even potentially a house that could work as well. But what I do not know is how to basically get this deal done, seeing a show it is my first time doing this, since my first property was traditional financing.

So, do I simply call the Hard Money lenders and tell them that I want to buy this particular house that is for sale, or do I go the seller first and explain that I want to buy with a Hard Money Loan (or do I tell them its a 'cash' purchase instead), in order to get the ball rolling?

I just don't know who to contact first or what to do now that I have a potential house and lender on my side. I'm thinking that I am supposed to get some sort of pre-approval or 'proof of funds' type of thing from the hard money lenders first, and then take that to the seller when I make my 'cash' offer? If they accept, then I guess the hard money people take it from there I am assuming? I just don't exactly know how all this is supposed to work... excuse my ignorance. Any help or insight is welcomed.