All Forum Posts by: Heather Pease

I have used AirDNA to look at different places for STR. It won't give you info on the actual property, but you can look at what's in the area, such as number of rentals, avg nightly price, days booked, etc. I believe they pull data from Airbnb and VRBO.

@Emily Wilson I am not sure, we use it for our other business as well, but my subscription does not currently have the function for classes. Is that what you are referring too? It may be easier for me just to go that route, since all my transactions and info are already in quickbooks. 

I saw someone mention stessa.com in a post here. Does anyone use this for bookeeping? Pros/cons? I currently use quickbooks online, but it doesn't do well in terms of separating out stats for each individual property. I like the bookkeeping aspects of quickbooks, but would like to see separate numbers for each property. Does stessa do bookkeeping/tax prep well? Thanks for any suggestions!

Kyle, check with your CPA. We have a small business in Missouri and spoke with our accountant about the same thing. We just transfer funds between our main business and our RE investment business, as our accountant recommended. (We have an LLC for our investments.) I think the accountant can make sure everything is correct and accounted for when you do taxes at the end of the year. Your CPA should be able to point you in the right direction.