Reality is owners do NOT value/track their own time, but handymen and contractors start charging the moment they leave their home or office.

Meeting the 100-hour material participation rule qualifies your STR income as active as long as no one else participates more than you, This will allow losses to offset W-2 or other active income.While there’s no official IRS form to track hours, maintaining a detailed log is essential in case of an audit.

When I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

Just curious, how do you automate tracking expenses?  

Our PMS tracks all the incoming money in instances where we collect and must remit. 

Or if we'll have to find someone else to assist us.

Do you feel like it has enhanced the productivity of your assistants to a magnitude that's worth the cost?

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

I am currently on track to graduate in May 2026.

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.