All Forum Posts by: Trent Reeve

If Booking.com became more friendly towards hosts while still providing good service for guests, then using them is a no brainer.

Right now there are too many weird things going on with payouts. Refunds for no stated reason, slow pay etc etc.

Not sure if they will ever get there.

Thank you everyone! I did find a really good google sheets STR doc to use. I wasn't trying to reinvent the wheel with this effort. I appreciate the suggestions and info. Cheers!

I am in same boat as you.  The rules are specific and you are not a real estate professional, so passive losses will not apply to your W2 income.  You would have to leave your high wage non-real estate job and do something in real estate to have investment losses offset W2 income.  You can carry the excess losses forward so that when you sell the property, it will be a lot less capital gains tax.

I have ran both price labs and beyond side by side. Beyond greatly outperforms PL. Greater swings in revenue while PL is more static. They either leave money on the table or keep the property empty by not dipping low enough. 

Hi Lisa!

We have been using Beyond Pricing for years, but are currently switching to RevMax.  We are making the switch because Beyond refuses to give us a flat rate per listing as they want 1% of all revenue, which now at 70 units has gotten very expensive.  However, their product is somewhere between good and great.  It is not set it and forget it, but it does a solid job of semi automating prices.  We still have to go through them weekly but it highlights the properties in need of attention versus those that do not.  Im sorry I do not have experience with PriceLabs.

Buy house. Rent house. Repeat! As simple as that really.