About this asset
A few short years ago, the idea of paying money to sleep in a strangers bed was insane. Now, it's the more than normal. This industry is in high demand.
As we look further into the future of this gig economy, there will always be a need. People love to travel. Traveling with others creates joy. If you can house all the people traveling under one roof, fulfillment is achieved. When done right, participating in micro-leases can create financial independence for you and future generations. The purpose of this course is to dive into the accounting issues associated with short term rentals on platforms like AirBnB & VRBO. The course touches on Regulations and Laws, finding The Right Realtor, Tourism Statistics / DNA, Income Potential, Expense Anticipation, Turn-Key vs Sweat Equity, Over Saturation, Occupancy Taxes, Managing Your Books & Records, Depreciation & Tax.
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