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Updated 10 months ago on . Most recent reply

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9
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Matthew Kauk
3
Votes |
9
Posts

Tracking Hours For STR

Matthew Kauk
Posted

First this community is amazing!

My question is if I'm not a real estate professional, but own an STR that fits inside the STR loophole. How do I track my material hours on my investment property in order to take depreciated losses against my W2 income.

What is the best way to track my hours to make sure I get to 100 hours and more then anyone other person involved in the STR? At the end of the day do I show up with my CPA and say here's the hours I worked?

Or can we assume an estimate if this is my only "job".


Finally, if I had a cleaning company and they have 10 people who clean. Can I request 10 different people for 10 different cleanings so no one person works more then me?

  • Matthew Kauk
  • Most Popular Reply

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    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    15,221
    Votes |
    12,482
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    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    Replied

    Do you self manage?

    If so start with logging your hours every week.

  • John Underwood
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