Insight
The short term rental tax loophole allows you to use bonus depreciation to offset your W-2 income if you actively manage your property.
How to Manage a Short Term Rental Without Hiring a Property Manager
Summary
This article from The Short Term Shop argues that self-managing your STR is often the smarter move, as it saves on management fees and offers tax advantages. It outlines tools and systems for successful self-management, emphasizing the importance of building a reliable local team and automating guest communication, and explains the advantages of being involved in the process yourself.
Key takeaway