STR ACCOUNTANTS

Owning a short term rental property, such as a vacation home or an Airbnb, can be a profitable venture for many investors. Apart from generating rental income, these properties offer unique tax advantages that savvy owners can leverage to their advantage. One of the key differences between a STR investment and a long-term rental is the possibility of being able to claim material participation with a short term rental investment. This makes the investment active vs. passive, which offers a slew of benefits for those that qualify. However, navigating the complex landscape of short-term rental taxation requires expert knowledge, making the guidance of an experienced accountant indispensable. We encourage you to reach out to a CPA for assistance with your STR investment tax strategy. Here are a few that have experience with cost-segregation, bonus depreciation, and other tax strategies for short term rental investors