All Forum Posts by: Melissa Nash

What is the reason for getting an LLC? LLC's are for asset protection only, so if you don't have a property yet - there is nothing to protect. Do you have a properties already and looking to move title to an LLC?

I actually have a FREE pdf that I created about this. Happy to share if you would like a copy of it lmk, and you can DM me here or email me. 

I got one! He is great! Feel free to message me for info as they are not here on BP. 

Not needed... unless you want to be an active agent and plan to use the license to help others.... Everything you can do or need to do with real estate can be handled by someone else who is licensed. I don't use my license anymore at all mostly bc I generally only buy from the sellers agent as a rule of thumb bc I always get the property bc agents love to double commission and rep both sides. 

My other thoughts is that I learned NOTHING from my real estate license, nothing was practical and was mostly centered around terminology and how to not get cancelled and what you can and can't do. Nothing useful- everything I learned about RE investing was live experience and doing it. 

All you need is a good real estate course /or mentor taught by someone who is experienced and actually doing it. 

Best of luck 

property taxes are much higher in TX. Thats all I have to say about that. :)

STR's are not passive... and require work, attention and care. BUT.... you can have your cake and eat it too with STR's. Really great cashflow-if you know what you are doing, really great appreciation- if you know where you are buying and I get to enjoy my properties, create memories, slow down and be thankful and create generational wealth.

I have a few outside of Cinccinatti. I have a great realtor and team there if you need it. He finds me newly renovated properties. I just passed on a good one that had some equity with small repairs needed. Great cashflow - around 10% 

an LLC has NO tax advantage at all. The LLC is for asset protection only...but its not 100%. As nothing is. You can move the title to the LLC after you close then you run everything through that LLC- that is the new business and everything must go through there if you want to keep it separate. Best of luck!

 sure! message me

 I am mostly in CA, but 1 in Utah. I am just as booked as the last 2 years- very busy. However the prices have slightly dropped....on Airbnb, the reason is because of A LOT of inexperienced hosts that have come on the scene. And they have NO idea what they are doing and driving the prices lower, they tend to freak out when they don't get a booking in 30 days+ and start to drop pricing and then it becomes a trend and a quick race to the bottom. Usually this doesn't affect me too much bc my properties are unique and have amenities etc etc. But i do use pricelabs and have to follow the recommendations for demand and pricing, so my prices have dipped a bit but my bookings are still very strong.

What do you mean by metrics? for your current property? I love pricelabs bc it adjusts pricing automatically on what is going on for demand in the area. Everyone has their own goals for performance. I prefer less guests with higher nightly, so my goals might be different than yours.