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 - Intro
5:03 - Who should and shouldn't buy an STR at today's rates
8:30 - The big reason this is a buyers market
20:44 - Avoid this common mistake as a buyer
24:42 - Recap

Connect with Carrie
https://carrie.applihl.com/

Connect with Us
https://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 - Intro
3:57 - Be insured against bed bugs
6:58 - How to reduce your risk
24:01 - What to do when it happens to you
33:00 - Recap

Connect with Us
https://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 - Intro
6:42 - The mechanics of a 1031 exchange
20:57 - The mechanics of the 1031 lite
25:59 - Cost segregation
29:44 - When a 1031 exchange fails
37:50 - Recap

Connect with Thomas
https://thomascastelli.com/
https://www.therealestatecpa.com/

Connect with Us
https://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 - Intro
5:02 - 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 Us
https://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 - Intro
6:15 - Tax benefits you don't want to miss
12:58 - Tracking and recording your material participation
34:48 - How to calculate your expenses
43:43 - Recap

Connect with Thomas
https://thomascastelli.com/
https://www.therealestatecpa.com/

Connect with Us
https://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 - Intro
2:57 - 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 Us
https://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 recording on location from one of our properties in South Florida. Why? Because we have a punchlist of odd jobs that is part of the natural wear and tear of vacation rentals. But instead of just contracting the work out, we're getting our hands dirty and bringing you along with us. 

0:00 - Intro
3:21 - How to stay ahead of maintenance problems
5:46 - DIY Safety: Mounting extinguishers, pool safety equipment installation, and outlet covers
12:16 - Be your own plumber and save $$$
17:23 - Drywall repair, squeaky doors, and loose hardware
19:50 - Hanging artwork and securing tippy furniture
26:02 - Recap

Connect with Us
https://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.

We did it. We took the Short Term Rental Safety Course to become Safety Inspector Certified and now we're spilling the goods. If you want to know the 3 actions that lower the majority of your risk, listen on. We'll also tell you the things we're doing to our properties THIS WEEK to make them safer and--guess what--lower our insurance premiums. 

0:00 - Intro
6:02 - Follow State and Federal Safety Regulation
14:30 - Preventing Death: Fire Alarms, Pool Safety and more
17:11 - Preventing Injury: High Chairs, Bunk Beds, and Night Lights
34:26 - Safety Cards
40:29 - Improving Rental Agreements
48:07 - How to lower your insurance premium
55:12 - Recap

Connect with Us
https://strconsultants.co/
**To take advantage of the Safety Program promo code mentioned in this episode, reach out to Tim at hello@timcaseyllc.com

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.