All Forum Posts by: Sarah Kensinger

Try to get a hold of the hospital and see if they have a need for traveling professional lodging. But due to the seasonality of upstate New York, I wonder if a 12-month lease would be a better option for you.

You could try and call the city, but good chance you probably won't get a straight answer. I know some people get a copy of all the latest meeting minutes to see if the topic was brought up but if city officials are just talking together, you may not see it there either. It wouldn't hurt to make some phone calls and see what type of a response you get on how the city feels about STR.

Cable is really a thing of the past. Smart TV's and Wi-Fi is usually all you need, so people can log into their steaming service.

You can also check out Jeff Chisum with Northpoint Bank. We haven't used him, but I've heard many good things about his work! Jeff can explain the different rules and the qualification of a vacation home loan. 

@Michael Baum 

Bakersfield is along a major throughfare to get up the state of CA, especially if you're coming from the east and want to mis LA as you head to the coast. Like I mentioned we stayed there as we traveled through CA on our honeymoon. If your property is tailored to guests passing through that would prefer a home over a hotel, it could go well. Not to mention I'm sure there's families that come in town for different events, holidays, etc. I just spoke with someone that's in NM in a little town with absolutely zero tourists, and because their tailoring to people coming through or extending stays, they're doing very well. It would help the "saturation", if we would think outside the vacation markets.

The prices are very reasonable! Our startup fee was only a couple thousand and that included setting up an entity and a bunch of other things. We did get some benefits because we did a virtual webinar, but the startup cost for a lifetime membership isn't bad. We pay $55 a month for unlimited access to an attorney, CPA, and a bunch of other benefits. Including looking at any type of contracts, educational materials, access to hundreds of contracts, and numerous other items. I know new clients are paying more like $75 a month, but it still beats the $350 an hour that most charge. Some topics are bit taboo on here and unfortunately, negative always takes off a whole lot quicker than positive. 

So for those interested there's a bit of a breakdown of the cost. If you would like Anderson Advisors to do some corporate work for you, like mail, telephone, office space, keep up with requirements, etc., that's an extra yearly fee. Bookkeeping services and tax services are two separate packages. For some people like us with a STR company, their bookkeeping services wouldn't make sense. We have used it for the past year because that was one of our bonuses, but don't plan to continue that service. So those two options are completely separate and up to your choosing. Of course if we're setting up a new entity, there's a flat rate for that with your state filing fees. Titanium members don't have to pay some of the fees for setting up entities that platinum members would, so that's a little different.

If want the look Live Oak Lake has, you'll probably need to find a piece of land anywhere that would be a draw for tourists. It might also be a good idea to find a commercial property, so you don't have to worry about regulations etc. shutting your operations down. Or you can get a rundown motel, fix it up, and run it as a boutique style. It all depends on what you're looking for and what your goals are.