46 min
Turning Your Short Term Rental into a Tax Advantage Vacation Rental Blueprint: A Business Guide to Success in Short-Term Rentals
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- Investing
Today TC and I are talking to Thomas Castelli, a real estate tax advisor. In this partner profile, Thomas lays out how the IRS thinks about self-managed short term rentals and what steps you need to be taking TODAY so come tax time you'll sleep like a baby. 0:00 - Intro6:15 - Tax benefits you don't want to miss12:58 - Tracking and recording your material participation34:48 - How to calculate your expenses43:43 - Recap
Connect with Thomashttps://thomascastelli.com/https://www.therealestatecpa.com/
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment.
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression. Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.
Today TC and I are talking to Thomas Castelli, a real estate tax advisor. In this partner profile, Thomas lays out how the IRS thinks about self-managed short term rentals and what steps you need to be taking TODAY so come tax time you'll sleep like a baby. 0:00 - Intro6:15 - Tax benefits you don't want to miss12:58 - Tracking and recording your material participation34:48 - How to calculate your expenses43:43 - Recap
Connect with Thomashttps://thomascastelli.com/https://www.therealestatecpa.com/
Connect with Ushttps://strconsultants.co/Check out our How-to Videos: https://www.youtube.com/@strconsultants
CleaningBnB.com - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment.
We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression. Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.
46 min