Reduce Short-Term Rental Property Taxes with Ownwell

HospitableJul 27, 202622m 4s0Score 88
Pricing & Profitability
intermediate
Tax Strategy
Expenses
Profitability
Hospitable
Experienced Hosts
M

Summary

AI-generated

This video explains how short-term rental hosts can significantly reduce their operating expenses by appealing property tax assessments. Sam Thrash from Ownwell details how most properties are over-assessed due to generic statistical modeling and provides a roadmap for gathering evidence to challenge these valuations.

Key insights

  • An estimated 30% to 60% of property owners are overpaying on their property taxes at any given time because they treat the bill like a non-negotiable utility.

Mistakes to avoid

  • Failing to appeal every single year or reassessment cycle. Since values change constantly, an assessment that was fair last year may be unfair this year.

Tools & resources

  • Ownwellservice

    A property tax appeal service that operates on a success-based fee model (charging 25-35% of the actual savings) with no upfront costs.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial