Hemlane is cool too if you’re looking for more automation and hands-off management.But if you’re really serious about scaling up, I’d definitely check out Hostaway.

A 16% cap rate sounds promising on paper, but the logistics matter a lot: staffing, guest intake, rent collection, compliance with local/state regulations, and community relations can all make or break the business.We’ve helped folks who purchase existing homes and those starting from scratch—developing systems for managing staff, automating collections, maintaining certification, and keeping occupancy high.

Hi Bridgette, I actually just purchased a home recently and am implementing a similar strategy, living in the english basement and AirBnBing the upstairs.

That way you would have somewhat less risk regarding the carrying costs on the unit during a turnover when a unit is not generating income.Just my 2 cents.I will definitely plan to implement this, thank you!  

It also has features like virtual accounts and automated categorization, which made bookkeeping so much easier.They also offer lease templates and other landlord forms tailored by state, which I found super helpful as a starting point.

I’m always looking to implement best management practices so what can I, as a landlord, do to protect myself when accepting online payments?

Charles County markets has implemented co-living as part of their rental strategy?

I’m leaning toward value-add or light fixer-uppers, something where I can force some appreciation and possibly implement a BRRRR strategy.My price range is around $150K–$250K, depending on the deal and market.

Everything is close to automated already and that’s before AI makes it even more automated.

This type of entity layering can help shift the income in a way that changes its tax treatment.That said, implementing this kind of strategy requires careful planning and precise execution to stay compliant with IRS rules.