I know this opinion will be controversial in the Airbnb world, and that’s fine.
But I firmly believe short term rental (STR) arbitrage is a bad idea.
Here’s why 👀
“It’s not what you make, it’s what you keep.”
My wife and I paid an egregious amount of money to the IRS last year because of our high-income W-2 jobs as sales people.
However, we are receiving a MASSIVE tax refund this year due to an amazing tax hack many high-income earners don’t utilize.
Welcome to a thread about a lovely tax loophole called Bonus Depreciation.
A thread 🧵
This is going to be a terrifying 48 hours for our LA firefighters, their kids, their spouses and their families. Please pray for them and don't take their sacrifice for granted. They're on a mission to save lives and structures tonight in nearly impossible conditions. #LAFires