Step-by-step: Setting up your Airbnb (LLC, insurance, furnitures, etc - everything you need to know)

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Downloadable version here: lydiapatel.ck.page/372ad21eac
Full short term rental playlist here: • 2024 risks | Beginner’...
Links, roughly in order:
Basics
Airbnb hosting with me and my husband as your ambassadors - www.airbnb.com/r/mpatel207
AirDNA: airdna.grsm.io/l9vq3854x0eh
Pricelabs $10 off with link: pricelabs.co/users/sign_up?re...
Short term rental calculator (free): lydiapatel.ck.page/calculator
Business Banking/Admin
Novo: novo.pxf.io/6ePnmE
Baselane $150 signup bonus with link: baselaneaffiliateprogram.pxf....
Stessa: stessa.sjv.io/6eGQxb
Amex BBP: americanexpress.com/en-us/ref...
Chase Ink Unlimited: www.referyourchasecard.com/21...
Quickbooks: quickbooks.grsm.io/t49vg065uicl
Insurance: lydiapatel.steadilypartner.com
Northwest Agent discounted rate at $39 per LLC with link: shrsl.com/4869z
Design
*use LYDIAP2023 at check out to waive the fee www.totree.co
www.hestyadesign.com get 40% off using code HESTYA0002
HomeDesigns AI f9634id9w7r8wan4tli3tp3kf0.ho...
Smart Home
Minut minut.grsm.io/y038at04wf00
Ring camera, door bell: amzn.to/3Rd64Gz
Yale Lock: amzn.to/3RgSsKK
Team/Operations
Upwork upwork.pxf.io/q4WYNb
TaskRabbit $10 off with link: www.taskrabbit.com/s/bcshu/tr...
Hospitable $30 off with link: hospitable.com/?grsf=htt7vt
Trello (free): trello.com/invite/b/0XLqfDl4/...
Business inquiries: hello@lydiapatel.com
IG: @lydiapatelll
Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income is how I get to keep all the resources free for a greater number of people, instead of selling them as ebooks and paid content. :-) All of the products I recommend have been fully tested by me, and I seek out affiliate links only after I’ve verified I would recommend these to you. Thank you everyone for your generous support!
@AirDNA @PriceLabs-DynamicPricing @airbnb @Hospitablecom @SteadilyInsurance @amex @chase @NorthwestRegisteredAgentLLC @quickbooks @Taskrabbit @ring @Upwork @vrbo @hestya-design

Опубликовано:

31 май 2024

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Комментарии : 61

@christophermaddox4639 7 дней назад

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.

@lydiapatelll 6 дней назад

That’s a lot of money!!

@philindiaseyoindia 7 месяцев назад

I believe this is the best , most comprehensive guide without a minute wasted I’ve seen on Short term rentals . Thank you for this

@lydiapatelll 7 месяцев назад

Thanks for the kind words!

@seedingchaos84 7 месяцев назад

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

@lydiapatelll 7 месяцев назад

Best of luck! You’ve got this

@photoaddiktt7633 Месяц назад

Wow, what a timely video just came to me. I am boarding the str journey & I really felt the video as god's gift 🙌 thanks a ton 🙏

@khmerPradaG 2 месяца назад

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

@lydiapatelll 2 месяца назад

Thanks for the kind words! Best of luck with your setup

@NorthwestRegisteredAgentLLC 4 месяца назад

Thanks for the recommendation!

@barbobrien9318 3 месяца назад

Thorough and engaging. Thanks.

@soexceptionalmsamilya 2 месяца назад

This was very helpful

@nisso7896 11 часов назад

Thank you

@StevenWashingtonExperience 5 месяцев назад

Thank you!!!

@johnd56 16 дней назад

Great info

@jalabi99 3 месяца назад

Thank you for this. I've just subscribed to your channel!

@lydiapatelll 3 месяца назад

Awesome, thank you!

@jerryclyde125 7 месяцев назад

I'm planning on listing my property soon and this video has been such a great help, thanks a bunch!

@lydiapatelll 7 месяцев назад

Awesome! Good luck with the listing

@lizethgonzalez9131 3 месяца назад

Wow very detailed and helpful but also it seems like a lot of steps to me! 😮

@lydiapatelll 3 месяца назад

it can be quite time consuming for sure!

@alreadywon 7 месяцев назад

As someone whose planning for the future, I really appreciate the content! Thanks for sharing 👏👏

@lydiapatelll 7 месяцев назад

Thanks for watching!

@Sayso2423 2 месяца назад

Thank you for sharing this was such a a pleasant presentation and informative. Thank you again

@lydiapatelll 2 месяца назад

Thanks for watching I’m glad you found this helpful!

@jrnmolteberg4349 7 месяцев назад

Thank you for good videos 🙂

@lydiapatelll 7 месяцев назад

Thanks for watching!

@seanslawns 7 месяцев назад

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! 😂

@lydiapatelll 7 месяцев назад

Hahaha Sean you are always too nice. I learn from you too! Thank you for that encouragement.

@user-tx3dd3ik3c 7 месяцев назад

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 :)

@lydiapatelll 7 месяцев назад

My goodness, I appreciate this! Tried to copy the template, but clearly didn’t do it right. I’ll fix it!

@lifeisablessing929 5 месяцев назад

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!

@lydiapatelll 4 месяца назад

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

@lifeisablessing929 4 месяца назад

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!

@lydiapatelll 4 месяца назад

I made a video just recently on projecting revenue. It would be the same process. I also talked about it in the tiny house video

@lifeisablessing929 4 месяца назад

Excellent, I will chk it out!

@alendra777 Месяц назад

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!

@lydiapatelll Месяц назад

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..

@Dr.MomRocks 2 месяца назад

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.

@lydiapatelll 2 месяца назад

Oh that’s weird! I don’t have stripe connected to novo at all. Hmm. Maybe send them a message about the bug

@Dr.MomRocks 2 месяца назад

@@lydiapatelll Good idea. It could just be me, too, trying to navigate it. But, clear to me that it’s 1 of 3 steps.

@abbylee789 7 месяцев назад

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. 🤗

@lydiapatelll 7 месяцев назад

Ahh! I appreciate the feedback, I’ll see if there’s a setting I can tweak

@andrewsteel5271 2 месяца назад

It’s your mic lol

@Sagatiaej 2 месяца назад

Her voice does NOT sound robotic. Jc. Just anything to cut someone down. I like her voice.

@Curiouslycurious008 3 месяца назад

I found a complex that does corporate leasing how do I go about handling that interaction I order to make it like okay for air bnb

@lydiapatelll 3 месяца назад

I don't have personal experience in the apartments/condos space.

@amy_alen5541 10 дней назад

Do you feel Airbnb offers sufficient insurance, or do you recommend additional insurance?

@lydiapatelll 9 дней назад

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.

@DuoHustle 3 месяца назад

Would you recommend an LLC or S-corp for a florida? ( only 1 property)

@lydiapatelll 3 месяца назад

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.

@lydiapatelll 3 месяца назад

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!

@andrewsteel5271 2 месяца назад

Have you found theft of household items to be an issue with your short term rental?