
19 November 2024 | 7 replies
We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

18 November 2024 | 9 replies
I had a bunch of people reaching out to book the place for a day or so to host parties.

18 November 2024 | 9 replies
I'm a short term rental owner/host since 2019.

20 November 2024 | 1 reply
I'd recommend getting multiple quotes from service providers to see what pricing is going to look like per square footage.Without too much information provided and depending on the size of your home it could be anywhere from $5,000-$15,000+

19 November 2024 | 19 replies
I'm looking to list my property with them but read some horror reviews online from guests (but not hosts).

13 November 2024 | 11 replies
We have 5 properties and own some and host some.

18 November 2024 | 7 replies
I have found that it is difficult enough to get people to call when they should without charging for 'service calls.'

19 November 2024 | 2 replies
The repair shop includes 10 service bays to be able to service a variety of cars.

19 November 2024 | 3 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

20 November 2024 | 6 replies
For an assumption, the Servicer handles processing and execution.