build a rental home on our property?

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Submitted by scaredyclassic on November 5, 2017 - 5:18pm

live on a few acres.

was thinking about buying an airstream trailer or building a tiny house to set up a businesd to exclusively do airbnb rentals and maybe get some tax deductions?

could all the expenses be deducted in year one if it werent real property...say, building a deck, setting up water, etc.

is this harebrained?

anyone recommend good source of info for rental proprty issues, esp. taxes..

Hotel California.

i think section 179 would give wide berth to deduct everything i put in there, and maybe a trailer too?

Submitted by SK in CV on November 5, 2017 - 8:33pm.

No 179 on rental property. Make it a trade or business. If you include significant services along with the rental, then it passes the test. Like a hotel. Not rental property. Not a hairbrained way to make money.

Submitted by sdsurfer on November 6, 2017 - 1:41pm.

Sounds great. I'd probably do it and if it does not work out you still have a killer guest room. My Mom does Airbnb out of Kingman AZ and I'm amazed how well it's going. Seems to be a lot of people out there just looking for a place to crash to and from the Grand Canyon. I'd think you'd do really well with similar people going to and from SD.

Submitted by scaredyclassic on November 6, 2017 - 2:42pm.

we were thinking eventually wed move into it p/t and rent out the main place for extra cash. we could cover the mortgage with probably less than a week airbnbing out house. would be like getting paid to rough it a few days a month. but thats pretty far off.

Submitted by FlyerInHi on November 6, 2017 - 2:47pm.

You should investigate the permitting process for building an accessory unit in Temecula.

I think there’s a dude in Malibu renting out an airstream with deck overlooking the ocean in Malibu. Airbnb is not technically legal in residential areas but people do it anyway.

Submitted by scaredyclassic on November 6, 2017 - 2:51pm.

https://rover.ebay.com/rover/0/0/0?mpre=...

how much would u pay per night to stay in that airstream?

crappy motels go up to 200/night, often sold out.

or maybe just a tiny house in a trailer?

those dont need permits do they? i will research...

Submitted by Hobie on November 6, 2017 - 3:42pm.

Modify the trailer to have a 'real' toilet in it, not the RV type. Connect to septic for no dealing with crap.

Fun alternative for folks attending weddings, balloon rides, and wine tasting trips. Great idea.

What happened to your wedding venue idea?

oh, regarding the link - not much. I think a very modern artsy, clean, no funk smell. Probably cost $100k for the remodel.

Submitted by harvey on November 6, 2017 - 3:43pm.

Who is going to clean the toilet after each guest stay?

Submitted by scaredyclassic on November 6, 2017 - 4:17pm.

i just cleaned our septic tank filter. so i guess me.

yeah, used trailers might be costly. maybe newer!

Submitted by FlyerInHi on November 6, 2017 - 4:30pm.

I think in riverside county you’re not allowed to park an rv or trailer on dirt. Need a driveway. Otherwise people can just buy land and park a trailer.

Someone was telling me about cheap land in Temecula but entitlements and permits are about 90c per foot.

I’m looking at building an off grid house in a nature tourist area to rent out to city slickers on Airbnb.

You need a good cleaning lady who pays attention to details otherwise you will get bad reviews.

Submitted by gzz on November 7, 2017 - 10:36am.

Dealing with booking and answering people's questions on airbnb takes about 3-5hrs a week and requires you to be on call all the time. You get downrated for not responding to inquiries within an hour. Just an endless stream of questions from people who never end up booking.

A cleaning lady will require training and supervision too. I did it for about 4 mo with my beach rental and realized the extra rent was not worth my time. If you are retired but active, sure, but i was working.

Trailers of any sort look junky on property, even classic airstreams. I think a permitted 2/1 modular construction house would be better. If you have acres, maybe even 2 of them.

Submitted by FlyerInHi on November 7, 2017 - 4:52pm.

Jerry Brown recently signed a bill to more easily allow accessory units. But the localities have not conformed yet. As the housing crunch gets worse, there will be pressure to allow more. There will be a window of opportunity in the next few years.

Scaredy, you can more easily add a wing to your existing house with a solid core door. No separate kitchen allowed. You can build a wetbar with dishwasher and use a countertop induction cooktop.

Or you can permit a “workshop” a lot more easily. But I don’t think they allow a full bathroom.

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