Hey everyone! Happy Monday 🎉I wanted to point you all to our list of trusted vendors in the Classroom linked HERE. These are people/companies we would 10/10 recommend for your STRs. We've got every category you could think of from designers to lenders to managers. If you know someone/a company that we should connect with to feature, comment below!

What's on your radar this week? Post a photo of a property you're scouting for short-term rental — a listing pic, a drive-by, a screenshot, whatever you've got. Bonus points if you're standing in the driveway 😎 Quick template so we can all weigh in: - 📍 Market: (city/area) - 🏠 The place: (beds/baths, type) - 💵 Asking: (or "just looking") - 📊 strIQ score / projected revenue: (run it and share the number) - 🤔 Gut call: chasing it, passing, or torn? Drop yours below — let's tell each other what we'd do. 👇

I work for CSSI (Cost Segregation Services LLC), which has done over 60,000 engineering-based cost seg studies since 2003. About 30% of our studies are on STRs. What I've learned is that the KEY differentiator when it comes to the percentage of the property that qualifies for Bonus Depreciation in an STR is the amount of 15-year Land Improvements. Any assets in a Cost Seg study that are allocated to less than 20-year depreciable lives, qualify for 100% Bonus Depreciation under current tax law. In a Cost Seg study, the percentage of assets that get allocated to 5-year (internal) depreciation is fairly consistent across STR properties, whether they be homes or condos (QIP which I mention below is the caveat). That is not true for 15-year assets. Condos have very little Land Improvements such as driveways, fencing, patios, pools, landscaping, docks, etc. that qualify as 15-year depreciable items. The more of those things you have in an STR, the better for increasing depreciation deductions and Bonus Depreciation. One other lesson learned regarding Cost Seg studies on STRs and exterior assets -- a deck that is adjoined to the house is considered part of the structure and does not get allocated to 15-year asset category. If that deck is separated from the house, it would get 15-year asset allocation. One final note, this one regarding Qualified Improvement Property (QIP). If you buy a property that has been used as a commercial property, STR, or Long-Term Rental in the past, then come in and make internal, non-structural, upgrades such as flooring, painting, kitchen and bath upgrades, lighting, and many other things to the interior of the original footprint, the majority of those improvements are QIP upgrades and get 15-year asset allocation and 100% Bonus Depreciation. You can accomplish the same thing if you buy a property that has never been used as commercial or rental property in the past, but you must use it as an STR for a few months after purchasing it, then make your QIP upgrades.

Colorado friends! I'm hosting a free in-person event in Denver on May 28th for anyone looking at Colorado STR investing. I've been underwriting Colorado STR deals for a few years now will be sharing what I've learned. I've partnered with local Refound Goods (a phenomenal resource for STR investors!) so the evening will start with a sip & shop of the warehouse. Then, a short presentation to crash course CO investing. WHAT YOU'LL LEARN - Which Colorado markets are producing real returns right now, and which ones are not - STR legislation across the state and what it means for your investment - Realistic capital requirements to get started - How amenities, design, and furnishing choices drive nightly rates - How to use STR investing to offset your tax liability as a high-income earner This event is FREE, but spots are limited! Please RSVP here

Hi all, new to the group, we're looking in the Catskills, NY area...like Hunter Mountain and the surrounding towns. Can we please get that added to the site? Thanks!