Short term rental properties are a great investment for high earners. They deliver strong cash-on-cash returns and the underlying asset often appreciates. In addition to that, they also offer those with high W-2 income a massive opportunity to reduce their tax burden.
Doing this successfully requires the use of sophisticated tax planning strategies. Whether you’re considering purchasing your first short term rental property or already own a few, the right short term rental tax strategies could save you tens of thousands of dollars for years to come.
Successfully using short term rental properties to reduce the taxes on your W-2 income requires a specialized approach driven by a real estate tax advisor. Our firm specializes in this service area and has a proud track record of helping short term rental property investors minimize their tax burden and build wealth. To learn more, contact our advisory team today.