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How do I fill out a money/rent receipt book for house cleaning services?This is what I'm working with right now until I can get a better suited receipt book to use.
What kind of ITR is to be filled out for someone who has income from house property and taxi rent?You may fill form no2 as there is no business income for the reason that you have proprty income as well as rent of taxi. Both comes under 194 I if any tax deducted as the taxi rent is also come In the definition of machinery.
When renting out a property, do you believe renting with "Utilities included" helps to fill the vacancy faster?If you want to rent your property fast then price it competitively. Period.You would be infinitely better off either making a better product (meaning renovate and add amenities to your rental house that none other in the area have) and charge market rent/slightly above or LOWER your price to increase quantity demanded and a greater pool of applicants.The second option usually optimal due to less capital outlay on the renovation and a greater pool of tenants to choose from. When you have a good quality tenant paying a good price but not top dollar, I have found they are less likely to complain and call in minor incidents expecting you to fix them. They are happy they’re getting a nice place at a good price.The opposite is true when you raise the rent as high as possible and renovate the property as nice as possible. You are still going to attract a high quality tenant but also one that is very picky and that will be making service calls often and expecting you to address each one.Oh and by the way, those calls are expensive.So long game you’re better off spending where it’s needed, the big ticket items and the ones that affect the structural functioning of the house, rather than spending big on the pretty things like new granite the best lighting fixtures etc in hopes of getting more money per month on rent. Long run runs more expensive.Those two ways are the best to get your unit leased quick.You paying for utilities makes way for tenants to be negligible with usage and more wasteful in my opinion because the repercussions to them aren’t there.It’s also almost impossible for you to control their usage. Except if you let them pay for it. So let them pay for it.Best of luck!-Andrew J. Matella
How can I fill out Google's intern host matching form to optimize my chances of receiving a match?I was selected for a summer internship 2016.I tried to be very open while filling the preference form: I choose many products as my favorite products and I said I'm open about the team I want to join.I even was very open in the location and start date to get host matching interviews (I negotiated the start date in the interview until both me and my host were happy.) You could ask your recruiter to review your form (there are very cool and could help you a lot since they have a bigger experience).Do a search on the potential team.Before the interviews, try to find smart question that you are going to ask for the potential host (do a search on the team to find nice and deep questions to impress your host). Prepare well your resume.You are very likely not going to get algorithm/data structure questions like in the first round. It's going to be just some friendly chat if you are lucky. If your potential team is working on something like machine learning, expect that they are going to ask you questions about machine learning, courses related to machine learning you have and relevant experience (projects, internship). Of course you have to study that before the interview. Take as long time as you need if you feel rusty. It takes some time to get ready for the host matching (it's less than the technical interview) but it's worth it of course.
If you fill out an application to rent an apartment, can you still decline it, if you have been approved?You can certainly decline to enter into a lease, assuming you had not signed anything that would specifically commit you to accept that rental unit and subsequently signing a lease.One thing to watch for, is that some leasing operations will require that an applicant pay a month’s rent with their application; when this is the case, I would not be surprised to hear that there was a document that the leasing operation required the applicant to sign where the leasing operation can keep that month of rent if the applicant is approved (and chooses to not enter into a lease).
How often do you rent out your place to Airbnb?I am working myself at an Airbnb investment property management company in Sydney and Melbourne, and we do have around the 300–400 active properties.Our occupancy rate is 75% on average, so that means +- 22 days a month, taking into account that the average stay with us is minimal 3 days, and on average a booking is 4–5 days, we rent a short-term rental property 4–5 times a month on platforms such as Airbnb.Please let me know if you have anymore questions!
Does it make financial sense to buy a property for the exclusive use of renting out through Airbnb?Let me try to give the perspective of someone who has already done this in San Francisco.It makes total financial sense if you are in a major city with lots of tourist and business travelers (SF, LA, NY, Paris, etc). With all due respect to the other folks on this thread who claim there are inherently high vacancy rates with short term rentals they obviously aren't AirBnB hosts and don't know what they are talking about. I've got 9 units I operate in San Francisco and I run them all at 80% occupancy (usually closer to 90% from March - October) and I know from talking to AirBnB employees and other hosts that occupancy rates in bigger cities like NY and Paris can be even better.Here are how the numbers break down on a small apartment I just purchased for this purpose:Purchase Price: $450K20% down: $90KLoan: $360K (7 year ARM at 3.25% 30 year term)Payment: $2000 per month (includes taxes, insurance interest, etc)HOA dues: $500 per monthTOTAL: $2500 per monthSo I need to make at least $2500 per month to break even on this AirBnB property that I own.Here is a typical monthNumber of bookings: 7Nights rented: 25Average nights per booking (3.7)Average cost per night: $175Gross Revenue: $4375Costs:Cleaning: $350 ($50 per booking x 7)Supplies: $175 ($25 per booking for wine, chocolate, TP, coffee, etc)Utilities: $200 (internet, power, cable tv)TOTAL: $725NETGross Revenue: $4375Costs: -725Mortgage and HOA: -2500Net: $1150So breaking it all down I net over $1000 each month while building equity in the property. I net more during really hot months like May, June, July and less in January and December but average over $1000 net per month.UPDATE OCTOBER 2016:Doing strictly short term rentals (less than 30 days per guest) has become increasingly difficult in San Francisco. The HOA for this apartment I purchased has become more vigilant about owners like me doing short term rentals (HOA rules require 30-day minimum for leasing) but a bigger problem has been the Office of Short Term Rental which is part of the city government. They are proactively policing AirBnB, VRBO and Flipkey for units and issuing fines when they pinpoint the building location. I have been fined once.So my new strategy has been to keep the apartment furnished and still advertise on AirBnB (and VRBO, Flipkey, CHBO, HomeSuite, etc) but I now have a 30-day minimum.Is it worth it? It does not gross as much money as renting by the night. I am averaging $3500 per month now (compared to $4375 from before). So now the numbers look like this:Gross Revenue: $3500Costs: -300 (way less cleaning, less supplies, utilities stay same)Mortgage and HOA: -2600 (HOA fees went up)Net: $700So in the end I am still glad I purchased the condo as it has appreciated about $100K to $550K but the cash flow is not as strong as it once was.My next purchase of a property to do AirBnB will be in an area and HOA where I have some confidence that I can do short term (less than 30 day) rentals for a long while. Of course many cities where AirBnB would be the most profitable also tend to try and regulate it the most.