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Summary
This video explains why hiring a full-service property manager disqualifies hosts from the STR tax loophole. Michael Chang outlines a 'decentralized' management strategy using automations, offshore VAs, and specialized local teams to maintain material participation for tax purposes while minimizing personal workload to roughly 5 hours per week.
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A host reported earning $2,300 monthly on Airbnb with almost constant bookings, only to quit due to difficult guests. This highlights the financial potential of STR hosting but also emphasizes the importance of guest screening and managing guest behavior. Balancing profitability with a positive hosting experience is crucial.
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Curated by Learn STR by GoStudioM