Outdoor amenities have become a staple in our STR business.
The backyard is the #1 spot to separate yourself from your competition - and I will die on this hill.
Here are some of our before & afters:
I posted a question to AirbnbHost subreddit asking how people with multiple properties handle their accounting and tax prep.
I got 80% solid feedback.
The other 20%….
Truly thinks I’m causing the housing market crash.
That I’m the problem.
Anyone else in the STR game get berated like this from anti-STR peeps?
@JeffSendsIt@MrJonesSTRs Kind of a hybrid of the 2. Not enough room for a full mini golf course, but it’s uniquely shaped in a continuous green around the tree.
And after 5 years you’ll have paid even more to a landlord if you rent. And you can’t write it off against your income, like you can with mortgage interest.
The landlord wins, and you have zero equity to boot.
Oh and rising rent payments, zero appreciation, and a partridge in a pear tree.
I was going to say - the play has to be for 5+ bedrooms, but those are going for $1.5M+.
That’s interesting in terms of the building costs being discounted THAT much - I’ll have to look into that.
Broken Bow will continue to benefit from the growth of north Texas, so I’d love to own something there.
@GuyTalksFinance@CPATaxTeam @MikeSyl36625988 Not concerned, just don’t think you’re being realistic if you think $40k/year will be enough to live “comfortably” on in 20-30 years