It's so fascinating to look at housing postings now. I get so excited! I told my family about the paper clip challenge. They like how fun it is. :) Alright so a little bit of AirBnb planning: Assess What is my target market? Likely young professionals in town for business or traveling to see friends. Oh! I wonder if I could target the populations that come to the area for ski/snowboarding? Cost for me? Unsure, still figuring it out. Likely $2,000 to $4,000 to start off. So, after my trip to Japan with my dad. How long to break even? Likely 7 mo, if I had someone renting for $40/night and 3 nights a week. Create a Legal Entity (LLC) approx. $50/mo Why though? Register for taxes (EIS) approx. $50/mo Why though? Business bank account ($10/mo) Keep separate - better for taxes STR Permits/Licensing Building and Development Desk at City Council Business Insurance Cleaner's Renter's insurance (the renter's guarantee on AirBnB doesn't cover ...
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