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?

Would you be open to a quick zoom / phone call so I can ask a few more questions on how you run your operation? 

I don't know how you can successfully run a short-term rental business with that mindset.

If you materially participate in the LLC’s operations, you may be able to treat the income as active.Material participation in a rental activity, with or without an LLC, still runs into PAL rules.

Since then she’s hired a lawyer because she felt that it’s unfair that shes only getting 30 days notice. she supposed to move out on the 26th of November she wants him to use the security deposit as last month rent but my friend runs the risk of the place being trashed if he does accept this will he still be able to fight for more money if the place does end up trashed and is there anything he can do to fight her to get the last months rent 

What is the per person screening running? 

If your padsplit residents have vehicles that can cause parking issues.

My passion for real estate has been a lifelong journey, and I’m thrilled to channel that enthusiasm into helping others find their perfect home.When I’m not busy with real estate, you can find me skydive diving, hitting the gym, capturing moments through photography, or enjoying long walks and runs with my dog, Chip.

They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.

I'd love to speak with any property managers who run properties in the Villages, Florida.