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​(

So, do people APPLY for this?

What are the pros/cons of a portion of the monthly rental amount being applied to the final purchase price, vs. no credit of monthly rent towards eventual price?

Yes this is a great country :) Hi Dave, Does this still apply to if I did an accelerated depreciation/cost segregation study and "squeezed out" depreciation early?

If a tenant comes in to pay multiple charges with one payment, my office manager has to get out the pen and pad to figure and place individual payments instead of something similar to Quickbooks where you enter an amount paid and select which invoices you want it to apply to. 3.

Bonus depreciation could be a viable strategy to offset your $300K capital gains, but it typically applies to specific property components identified through a cost segregation study rather than the entire residential property itself.

Non-residential does not apply to you.

However, Colorado Springs is quite similar in fundamentals to Utah so I’d say it most likely applies in your area.

Main fear is evicting an at fault tenant in unpermitted units and whether the same rules applies or do they get even more priviledges.

Is that typical, anyone 18 years of age or older regardless if they were a child of the renting parrents, needs to apply?