As someone who is in the final stages of closing, this video (and your PDF) is an absolute treasure. I cannot thank you enough for sharing this with us. Love all of your content and can't wait to get started on this exciting journey. Appreciate it
Your channel might be the channel that’s the most imperative to anyone who wants to be their own boss. I learn so much from your videos, thank you Lydia. You said you’re “an average person”??? I must be way way way below average then! 😂
This is gold. So helpful and detailed compared to other videos. Nice job. I just recently bought a property and I’m planning to airbnb the bottom floor. I’ll definitely watch your other videos for help setting up haha
Gorgeous guide, thank you! Heads up that the subject line of the quick guide email is "Rental Property Calculator" and has the same text as the actual property calculator. I was confused and thought I had hit the wrong download link. Not sure if this is intentional, but wanted to share in case you wanted it to be different. Thank you SO much for all of this, it's immensely helpful :)
This was SOOOOO helpful Lydia! We just purchased our first STR and our minds were spinnning with what to do next. This video broke everything down in such concrete, sequential steps. I feel a lot more confident now after watching your video. Thank you : )
can you believe air BNB formula wanted to charge me 20k for coaching plus to call talk to a coach it’s $1,000 each time you call a coach i am so blessed 😇 i came across your page i feel like i can do this on my own with out paying for coaching.
Hi Lydia, super helpful information, and very thorough. I’m getting ready to try to figure out my starting price. Can you shed some light as to how you would determine that? Thanks again!
Super helpful, thank you! I wanted to get your feedback on how to set up your starting price. Is there research you do on competitors, features, time of year? Any feedback would be great. Thank you so much!
Glad this helped! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-IAmqFg8QZUg.html where I talk about Math is the same research (pre purchase is similar to post purchase competitor research). I use dynamic pricing software to help with time of year/demand- super deep dive on how to review market data here ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-bhLLHkMu9m4.html
Thanks for the informative video. I'm not certain if it's your new microphone or my speaker 🤔, but your voice seems slightly robotic. Nonetheless, I'm always on the lookout for your new content. 🤗
Thank you again for the helpful videos! What is your rule of thumb when booking back to back, do you need two hours for instance for cleaning in between?
Hi Lydia - I love your videos as I find them very helpful. Do you have any pointers as a Canadian, hoping to operate in the U.S.? For example, I assume I would need to open an LLC as a Canadian. Do you take 1:1 calls?
Hi! Probably depends on the country and the local regulations. I have personally rented a property to sublease it as an Airbnb, but if anyone here has done so in another country please share your perspective
Hi Lydia! Awesome Video! Do you have any recommendations for CPA or tax advisors, I have been look into some larger tax companies but sadly they have bad reviews!
Thanks! I have used local tax advisors - one with whom I connected on bigger pockets, and another local CPA (like, real office you walk into- they have a few associates and was able to collaborate a bit on experience). For what it's worth, they gave me different responses to my questions, so I'm sure there's some level of gray area too..
Haven’t found anything with enough depth or specificity. I imagine it’s hard to write a book and have it be evergreen/uptodate. I mainly did a lot of RU-vid videos and podcasts
Wait where is it?? I’m rewatching now because I’m curious if there’s something I didn’t see. If anything my guess is a Lego.. we keep a tote of those in my room for the little visitors. ETA: I see it- it’s one of those craft pompoms.
Thank you so much!! So, so helpful. Question: I'm setting up a Novo account and it's making me add a Stripe account. Why? I don't want to but there's no option for that.
I vote always additional! Most homeowners insurance or landlord flavor of this insurance can offer additional liability coverage. Umbrella insurance is a good idea in general too and quite cheap.
Hello how can i speak with you or chat. I am new tonthe business & your content in this video was awesome. I realize itvwas 11 months ago so is there a way to connect?
i'd consider those as 2 separate questions- 1. Legal question of LLC (yes/no)- think through legal, liability, assets kind of lens. (From a tax angle it doesnt matter LLC or not). 2. Tax question. From IRS angle- If LLC, you can file as an S-corp or as a partnership or as sole proprietor (disregarded entity). I personally do not utilize an S-corp because it wouldn't make financial sense.
Either way- would ask the right professional- legal advice for #1 or either a CPA or tax advisor for #2. This is just what I know and am doing for myself!
Cohost vs arbitrage, ROI of adding an amenity, saturated markets, theft - Short Term Rental Q&A ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-skZW7xWuGNA.html Short answer- not really :-)
