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Converting residential property to vacation rentals is the great secret to creating real estate wealth, and you can learn how! Short term rentals can profoundly change the math of real estate investing, and author and successful owner Joel Rasmussen will show you the way. As the President and founder of one of North American's largest vacation rental owners associations, Rasmussen has seen the best and worst practices first hand, and condenses that knowledge into a no-nonsense book "packed with advice from some of the smartest people in our industry. Joel is a seasoned guide who is ready and willing to show you the way," - Brian Sharples, CEO and co-founder of HomeAway, Inc. the world's largest online vacation rental site. Joel will help you get in on the ground floor of an industry that is growing exponentially every year. Vacation Rental Success is the definitive handbook for those who are considering short-term property rentals either as an additional source of income, or the platform to redesign your lifestyle. This first book in the Vacation Rental Success series shows you everything you need to know to go 'From Start to Profit'.
Have you ever thought about making money with vacation rentals? If so, you're like us. In fact, it's many people's dream to make income from vacation rentals and create more options in their own life. Unfortunately, the problem for most people, is that the dream remains just that--a dream and a fantasy. Disappointing as well, the majority of those who have the courage to take the ownership plunge rarely avoid the typical landlord hassles of dealing with short-term rentals; they feel stressed and get run by the business. But what if a host had a proven blueprint? One that could increase the likelihood of success and truly make this dream a reality. Imagine what life would look like with additional income streams, retirement security and the opportunity to build a legacy in a place you love with those you love. If you are serious and not just a dreamer, if you believe success leaves clues, then Vacation Rental Confidential will help: fuel your lifestyle, create more options and live your dream.This book will teach the following: ?How Mike created a "systems dependent," scalable, short-term rental business that allows him to generate income from anywhere and be his own boss ?How to build a boutique brand, differentiate your rentals and get paid premium rates?How to remove yourself from operational headaches and AVOID becoming the burnt-out "landlord"?An insider's look at the Live Swell's Proven Process, our blueprint on how to create top-performing properties, get more bookings and create raving fans?How to develop a strategy to protect, secure and insure your vacation rentals the correct way while limiting personal liability ?How to hedge inflation and short the U.S dollar with good debt while building wealth with short term rentals ?How to avoid the costly mistakes most newbies make and how you can win from the start?An introduction to how successful entrepreneurs and the wealthy think and invest
All 2.9 million Airbnb hosts in the United State can profit from this book. The first, and still only, one of its kind, it tells hosts everything they need to know about taxes for short-term rentals, including deductions they may take, depreciation, when short-term rentals are tax-free, repairs, and tax reporting for short-term rentals. The new edition covers all the latest tax changes brought about by the Coronavirus legislation passed by Congress. These include new tax breaks that can save hosts thousands in taxes: tax credits for sick leave and family leave for self-employed hosts, employee retention credit, and tax-free treatment of landlord PPP loans Many Airbnb hosts have lost money due to the Coronavirus pandemic. This book explain if, when, and how short-term rental hosts may deduct their losses from other nonrental income.
This New York Times bestselling book is filled with hundreds of fun, deceptively simple, budget-friendly ideas for sprucing up your home. With two home renovations under their (tool) belts and millions of hits per month on their blog YoungHouseLove.com, Sherry and John Petersik are home-improvement enthusiasts primed to pass on a slew of projects, tricks, and techniques to do-it-yourselfers of all levels. Packed with 243 tips and ideas—both classic and unexpected—and more than 400 photographs and illustrations, this is a book that readers will return to again and again for the creative projects and easy-to-follow instructions in the relatable voice the Petersiks are known for. Learn to trick out a thrift-store mirror, spice up plain old roller shades, "hack" your Ikea table to create three distinct looks, and so much more.
With more than 350,000 units sold worldwide, this fan-favorite will show you every strategy, tool, tip, and technique you need to become a millionaire rental property investor.
Get swept away to the beautiful and breezy Isle of Palms with New York Times bestselling author Mary Alice Monroe’s return to her “exceptional and heartwarming” (Publishers Weekly) Beach House series, set in South Carolina’s lowcountry. Two women. One summer. One very special beach house. Cara Rutledge rents her quaint cottage on Isle of Palms to Heather Fordham for the entire summer. As beautiful as the Isle of Palms is, Heather’s anxiety keeps her indoors with her caged canaries as she paints birds for postage stamps. Eventually, however, the shore birds—and a man who rescues them—lure her outside. As the summer progresses and Heather begins to blossom, Cara’s life reels with sudden tragedy. She wants only to return home but Heather refuses to budge from her sanctuary. As everything around the ladies is coming apart, they discover they can only rely on each other. Now, the two women who don’t really know each other are forced to live together and support each other as they navigate the next chapter of their lives. Featuring Monroe’s signature “lyrical, emotional, and gripping” (RT Book Reviews), Beach House for Rent demonstrates the power and strength of female friendships.
Renting a room or an entire home to guests for short stays can be profitable, or it can create loss and liability. Understanding and applying proven strategies can benefit you and your guests. This book presents best practices for vacation home / short-term rental management, including an overview of this industry, regulations, accounting, marketing, reservations, guest and neighbor relations, maintenance, housekeeping, design, decor, security, technology, opportunities, challenges, and more! This is a valuable resource for all hosts, as well as the approved textbook for college courses, industry seminars, and the STR certification course. Whether youve been renting your home for years or are new to this emerging industry, there is much within these pages to help you become a better STR host. If you think you cant learn any more about the short-term rental business, think again. You can! This book runs the gamut of advising you how to operate a short-term rental with professionalism and class! This is a must for anyone in the hospitality industry; I highly recommend this small investment to better your business (Mike Jensen, longtime vacation rental host and travel broker, Fine Travel Experiences). The vacation rental class and the valuable information in this book exceeded my expectations! Learning guidelines and standards are essential to professionalizing this emerging industry (Paula Caballero, realtor, property manager, and international STR host). Often the most complicated of issues unravel unless a new course is achieved through education and open communication. Once everyone is educated on an issue and is willing to discuss it rationally, a compromise can be found (Mayor Carolyn G. Goodman, city of Las Vegas).
Estate planning for family cottages and cabins When family members inherit a vacation home together, problems are often unavoidable, given that the new co-owners may have different financial circumstances or emotional attachments to the family cottage or cabin. But you can head off damaging family squabbles by developing a legal structure (typically an LLC) to take care of the business of ownership. Whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come. You’ll learn how to: keep the peace (and avoid fights) among siblings over jointly-owned property prevent a family member from forcing a sale of the cottage or cabin keep your vacation home out of the hands of in-laws and creditors, and make a smooth transition from one generation’s ownership to the next. The fifth edition is updated to reflect current tax laws, including state property tax laws which affect choice of legal entity. It also includes an expanded discussion of legal issues when renting a family cottage or cabin on Airbnb, VRBO, or similar rental services.
Bestselling author Alain de Botton considers how our private homes and public edifices influence how we feel, and how we could build dwellings in which we would stand a better chance of happiness. In this witty, erudite look at how we shape, and are shaped by, our surroundings, Alain de Botton applies Stendhal’s motto that “Beauty is the promise of happiness” to the spaces we inhabit daily. Why should we pay attention to what architecture has to say to us? de Botton asks provocatively. With his trademark lucidity and humour, de Botton traces how human needs and desires have been served by styles of architecture, from stately Classical to minimalist Modern, arguing that the stylistic choices of a society can represent both its cherished ideals and the qualities it desperately lacks. On an individual level, de Botton has deep sympathy for our need to see our selves reflected in our surroundings; he demonstrates with great wisdom how buildings — just like friends — can serve as guardians of our identity. Worrying about the shape of our sofa or the colour of our walls might seem self-indulgent, but de Botton considers the hopes and fears we have for our homes at a new level of depth and insight. When shopping for furniture or remodelling the kitchen, we don’t just consider functionality but also the major questions of aesthetics and the philosophy of art: What is beauty? Can beautiful surroundings make us good? Can beauty bring happiness? The buildings we find beautiful, de Botton concludes, are those that represent our ideas of a meaningful life. The Architecture of Happiness marks a return to what Alain does best — taking on a subject whose allure is at once tantalizing and a little forbidding and offering to readers a completely beguiling and original exploration of the subject. As he did with Proust, philosophy, and travel, now he does with architecture.