Does STR income after the first year become passive income?

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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
2y

First year and beyond is typical on a schedule E, same as a LTR unless your providing substantial services.

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  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    2y
    Quote from @Account Closed:

    Does STR income after the first year become passive income?


     How exactly do you define passive income?

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  • Mark Miles
    Rental Property Investor · Philadelphia, PA · Member since 2016 · 543 posts · 716 votes
    2y
    Quote from @Account Closed:

    Does STR income after the first year become passive income?


     Always gotta be studying the market, studying your competitors, and improving your homes to exceed the rapidly increasing competition. It’s never truly passive, you can’t just set and forget the way you can in the stock market

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    2y

    First year and beyond is typical on a schedule E, same as a LTR unless your providing substantial services.

    2Reply
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