Additional fees may apply depending on the number of days the property is rented.Personal Property Tax: Starting in 2024, California requires some STR owners to report the value of personal property used in the rental (such as furnishings) for taxation purposes.Potential 15% Statewide STR Tax: A new bill (SB 584) may introduce an additional 15% state tax on STRs starting in 2025, on top of local TOT, aimed at addressing California’s housing affordability crisis​(

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

@Chelsea SchaeferI recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

To navigate these complexities and ensure you’re optimizing your tax strategy, it would be wise to consult a tax professional who specializes in international taxation and U.S. real estate.

I heard that is a good way to make myself subject to taxation.

Compound that with the other taxation, and high earners leaving, you are going to get even higher taxes.I have a home in Florida that is worth more than two times what my home NY was, and yet the taxes are half, and I don't have state income tax.I would NEVER dollar cost average my real estate portfolio.

The U.S. market can indeed be complex, especially when considering international factors like taxation and financing.While I'm not based in Germany, I do work with a number of out-of-state and international investors who are interested in the Indianapolis market, which offers strong returns and more approachable entry points compared to coastal U.S. cities.

While the bookkeeping will likely be complicated, is the accounting/taxation on this STR based on 100% STR income/expenses allocated 100% to business and general house expenses (mortgage, utilities, depreciation etc) pro rated between STR/personal residence based on sq footage?  

@Aaron OrensteinYes, timing matters.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.