Vacation Rental Blueprint: A Business Guide to Success in Short-Term Rentals Vacation Rental Business Consultants

There's a lot of doom posting on the internet right now about soaring interest rates and what that means for STR buyers. Well, in today's episode TC and I are taking a sober look at the market and we're actually liking what we're seeing. Find out why. 
0:00 - Intro5:03 - Who should and shouldn't buy an STR at today's rates8:30 - The big reason this is a buyers market20:44 - Avoid this common mistake as a buyer24:42 - Recap
Connect with Carriehttps://carrie.applihl.com/
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment. 
 
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.

You guys asked for it. We're making it happen. In today's episode, TC and I are talking about bed bugs. You'll learn how to avoid them and what to do if it happens to you.
0:00 - Intro3:57 - Be insured against bed bugs6:58 - How to reduce your risk24:01 - What to do when it happens to you33:00 - Recap
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment. 
 
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.

TC and I brought Thomas Castelli back for more tax talk. In this episode, we're getting into exit strategies. When the time comes to sell your property, you may want to think twice about how you go about it. The 1031 exchange could save you thousands in capital gains taxes but it requires a game plan. Find out the savviest way to exit your short term rental here.   0:00 - Intro6:42 - The mechanics of a 1031 exchange20:57 - The mechanics of the 1031 lite25:59 - Cost segregation29:44 - When a 1031 exchange fails37:50 - Recap
Connect with Thomashttps://thomascastelli.com/https://www.therealestatecpa.com/
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment. 
 
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.

TC and I are back again to answer the questions you guys have been sending us. Keep 'em coming!
0:00 - Intro5:02 - How do I know what property to pick?12:21 - How can I lower my insurance premium?16:51 - How much should I pay for cleaning?25:05 - OTAs or direct website?28:12 - How do I find a good CPA or bookkeeper?32:42 - What's the problem with bunk beds? And what's the solution for bed bugs?39:37 - Recap
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment. 
 
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.

Today TC and I are talking to Thomas Castelli, a real estate tax advisor. In this partner profile, Thomas lays out how the IRS thinks about self-managed short term rentals and what steps you need to be taking TODAY so come tax time you'll sleep like a baby.   0:00 - Intro6:15 - Tax benefits you don't want to miss12:58 - Tracking and recording your material participation34:48 - How to calculate your expenses43:43 - Recap
Connect with Thomashttps://thomascastelli.com/https://www.therealestatecpa.com/
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment. 
 
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.

You guys have been sending us tons of questions lately and we're loving it. But we noticed a couple questions kept coming up again and again. TC and I decided that instead of answering them privately, we're going to share these questions and our takes with everyone.
0:00 - Intro2:57 - What's the hardest part of owning an STR?8:57 - How do you handle negative guest reviews?16:50 - How do you de-risk occupancy and seasonality fluctuations?23:28 - Which amenities are must-haves?31:22 - How do you manage guest communication?43:42 - What technology tools should I be using?53:33 - Recap
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment. 
 
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.