All Forum Posts by: Ian Tyndall
Ian Tyndall has started 17 posts and replied 145 times.
Post: Massanutten Short Term Rentals - purchase opportunities
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
Tommy, are you asking for perspective on currently listed properties or looking to partner with someone on a purchase?
I would be happy to run some properties for you through AirDNA if you have a few in mind that you are vetting?
Post: Anyone used HostShare.co
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
Yes, I have signed up and have a paid membership. I haven’t taken a trip yet, but I like the idea of having it available to me. I browsed sites today for an upcoming trip and their inventory is expanding. Once they on board more European hosts, I will get more use out of it. I have only had to host one guest, and they were great guests.
Post: Listed my STR. Overwhelmed with financial requests
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
That is crazy. Your revenue is 10% of the asking price which is the average. They shouldn’t need anything extra. They can verify via Airdna or other tools. Serious investors know this.
Post: Thoughts on these Airbnb messages
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
I wouldn’t do it. It is easy to case a house from Zillow. Especially using full house tours. You can see the points of entry, window angles and camera locations.
see the news link on this topic recently:
https://abc7.com/post/blurring-homes-google-maps-thieves-sea...
Post: Major road sections closures around Pigeon Forge
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
The Blue Ridge Parkway is also closed, even up in Virginia while the NPS assess the damage
Post: New VRBO response time rules
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
I think the spirit of what they are trying to do is good, but I can see these rules causing all kinds of issues down the road.
I can drop VRBO in a heart beat and it won’t impact my business.
Post: How To Run The Numbers On A Potential STR
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
I am a big fan of bnbcalculator and rabbu for quick analysis and screening of properties
Post: Mike's Deal of the Day - July 11th, 2024
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
Quote from @Michael Baum:
Hey everyone! So Costco has a new blanket/comforter in stock.
https://www.costco.com/seasons-collection-down-alternative-b...
Seasons Collection Down Alternative blanket. I got one today at the store in queen size for $12.99, the king size is $14.99
These are reminiscent of the Charisma/Berkshire comforter that I have been using for the last 7 years in the lake house as well as at home.
I will say that these new ones are more of a thin blanket rather than a thicker comforter. The Charisma/Berkshire comforters are by no means winter thick. They are a summer weight comforter and these are a bit thinner that those.
Overall they are a larger size than your typical Walmart/Target comforter so they will hang nice on the bed and work great as a summer weight cover. Hard to beat that price.
I can’t wait to see what you come up with next week for Prime Day in July!
Post: Best way to purchase furnishings for vacation rental
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
Quote from @Collin Hays:
Quote from @Ian Tyndall:
Quote from @Ken Boone:
It only matters if you are operating as an LLC or not. If you are not an LLC then it doesn't matter. If you are an LLC, then if you use your personal credit card, you would then have to pay yourself from the LLC for what was purchased on the credit card, and you personally would need to provide your LLC with a receipt. So the funds need to come out of the LLC one way or another.
Not a tax advisor by any means.
Not a tax advisor, but another method is to classify your personal purchases as capital contributions to the business. A contract or receipt is suggested to show the transfer of property.
Better to simply reimburse yourself for a business expense and take an immediate deduction.
Good point. Anything with a useful life over 1 year gets tricky
Post: Best way to purchase furnishings for vacation rental
- Investor
- Glen Allen, VA
- Posts 149
- Votes 147
Quote from @Ken Boone:
It only matters if you are operating as an LLC or not. If you are not an LLC then it doesn't matter. If you are an LLC, then if you use your personal credit card, you would then have to pay yourself from the LLC for what was purchased on the credit card, and you personally would need to provide your LLC with a receipt. So the funds need to come out of the LLC one way or another.
Not a tax advisor by any means.
Not a tax advisor, but another method is to classify your personal purchases as capital contributions to the business. A contract or receipt is suggested to show the transfer of property.