In the area we operate first month rent is a lot of money that guests do not want to have tied up.

However, if you buy an STR right now, in November, you very likely won't have enough time to place it in service this year and have two guest stays before the end of the year.

Most new STR owners don’t realize how much the way a property is classified can impact their tax outcome.If you’re actively managing your rental, responding to guest messages, coordinating cleaning, setting rates, handling maintenance, and keeping things running smoothly, your STR income can be considered non-passive.

Roughly $50 per bedroom, however I add the pay for Inspectors/Runners on top of that so the guest paid fee is a bit higher. 

My post was not really about me but about what I feel is an alarming trend going forward.

We don't shy away from renovations but prefer operational value add (where we can restructure on property management, create a better guest experience, upsell/downsell at the front desk, etc)!

Since you’re four hours away, your priority isn’t just security, it’s hands-off reliability and easy guest management.If your property already has ADT, you’re halfway there.

Giving the guests their cell phone # would have yielded a much better result.  

Diversify your guest base just like you diversify income.Who’s your favorite type of MTR tenant — and why? 

Hey everyone,I’m building out a short-term rental in the [Joshua Tree] market and looking to connect with local cohosts or STR operators who take pride in running top-tier guest experiences — the kind where systems are dialed in, and the property shines every time.I’m not looking for a traditional property management company  — I’m looking for a boots-on-the-ground partner who thinks like an investor and operates like an owner.I’m hoping to find or learn:Anyone here cohosting in the JT area and open to sharing their experience (what works, what doesn’t)?