Thanks for readingDavid $250,000 tax-free?

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

I would also share pros and cons of paying taxes on the windfall versus owner carry.

Hi David, take as much time as you need to learn the Nashville market.  

This is one of the things that sound a lot easier than they are actually done.The crazy thing I learned about these CA fires is that the heat radiation is hot enough (1500-2000F) that it will ignite your furniture through the windows.

Another wildcard is that the tax office opened in The UAE a year ago.

Most Florida markets will share some dynamics though like taxes and insurance. 

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

We are in a very low tax bracket this year but should be 10% higher in 2025.