Another thing to be aware of... humans will always find a way to make derivatives of something valuable. 

It’s a “member distribution” not a salary.

Distributions.

@Lisa Graesser mentioned Houfy.com which you should check out as I am a huge fan of distribution on as many channels as you can get on.If you have a PMS, then they usually offer a great option that easily connects your properties to a domain you choose, which I recommend because it is quick, clean, and simple.

Quote from @Erika Albert: Perhaps I am overthinking this, but I'm wondering how to properly account for airbnb's new 15.5% service fee in proformas derived from airdna revenue estimates. 

I know the Guide isn't law, but in my experience its not the law that is solely enforced, but also the derivative regulations, formal guidance documents, as well as case law history.

The only way to do proper analysis Is to learn how to calculate IRR. once you understand IRR and time value of money, you can model differences of receiving annual cash flow vs uneven cash flow distributions (ie every few yrs). for example; would you rather have $10k/yr every year for 5 years, or $0/yr for 4 years and then $80k in year 5?

You make distributions to yourself as often as you want, or use the cash flow to build up the reserve account even higher if you want.

If I ever co-broker, it’s clean and capped — and I’m not a fan of borrowers paying inflated fees because of someone’s distribution chain.At the end of the day, capital only works when there’s clarity and follow-through.

IRS Safe Harbor Explanations Expanded for Rollover & RMD RulesWhat changed:The IRS published Notice 2026-13, expanding “safe harbor” rollover explanations that plan administrators can use to comply with distribution communication requirements.