Hey everyone! 👋 Hope you're all crushing it today. I’ve been seeing a LOT of mixed info online about STR tax rules, so I figured… why not ask the real pros here (and of course @Ryan Bakke, CPA) I’ve got a few key questions: 1️⃣ 𝐖𝐡𝐞𝐧 𝐢𝐬 𝐚𝐧 𝐒𝐓𝐑 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 “𝐩𝐥𝐚𝐜𝐞𝐝 𝐢𝐧 𝐬𝐞𝐫𝐯𝐢𝐜𝐞”? Is it: - when you go under contract? - at closing? - or when the listing actually goes live on Airbnb/VRBO? 2️⃣ 𝐖𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐫𝐞𝐧𝐨𝐬 + 𝐜𝐥𝐞𝐚𝐧𝐮𝐩 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐚𝐭 𝐝𝐚𝐭𝐞? From what I understand, any renovations, touch-ups, cleaning, repairs, etc. before the property is placed in service have to be capitalized rather than expensed. Is that actually correct? 3️⃣𝐇𝐨𝐰 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐩𝐥𝐚𝐜𝐞𝐝-𝐢𝐧-𝐬𝐞𝐫𝐯𝐢𝐜𝐞 𝐝𝐚𝐭𝐞 𝐚𝐟𝐟𝐞𝐜𝐭 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧? Specifically: Can hours spent on financing, due diligence, or acquisition count toward the 100-hour rule… even though all of that usually happens before the place-in-service date? At the end of the day, I’m trying to figure out the smartest strategy to: ✅ maximize deductions ✅ maximize hours for material participation …while getting a new STR fully Airbnb-ready. Appreciate any insights from the experts here! 🙌

Words can’t explain this call. So many value add nuggets from everyone involved. Thanks @Kevin Medina, CPA, MBA @Brian Detrick @Emily Siemers

Hi All, I’m looking for a STR specialized realtor in Georgia (Columbus), that could help me vet / validate the properties that I have already underwrite and I’m currently considering to close in the area (basically understanding what I might be missing and what’s the best one to pursue). Criteria: - In-depth market knowledge and experience - Good source for additional service contacts (cleaning, decoration, local representative, etc) Anyone you have worked with and would recommend for this? Also if you are already operating a STR in the area, I WOULD LOVE TO CONNECT Thanks in advance

Dear community I would like to get your thoughts regarding setting a single member LLC as the STR owner. I understand it helps with liability issues but it also increases complexity in terms bookkeeping, separate finances, state reporting, etc. Is there any other LLC benefit I’m not considering? Thanks

Testing two apps - REPSLog and REPSTracker. Do you prefer one vs the other?