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All Forum Posts by: NA McClure

NA McClure has started 1 posts and replied 2 times.

Post: STR in Pocono PA

NA McClurePosted
  • Posts 2
  • Votes 1

This market went through a large demand bubble in 2020-2023. Lots of new supply now with reduced demand. Still strong but lots of competition, so you need to research what works: good pics, seasonal pricing, amenities, etc. You’ll make most of your cash flow from half of May through Aug, lower in Sept, med/strong Oct. Winter holiday weekends are also strong. Everything else are the doldrums. All of that culminates to high 20% occupancy; up to mid-30s - if you are on water or if you are nearby skiing (<10min). Anything higher you need something different, $1mm+ property nicely done, riverfront or muffin baskets. A 5-bedroom will attract 2-family renters, so think about a bunk room. Property appreciation outlook not too exciting (could change), the other side of the river is a different story. 

My business partner (non-spouse) and I are 50/50 owners in an LLC that owns a residential ST rental. We purchased the property in 2021 and put into service, after a renovation, in Nov 2022. Opting for residential rental 27.5 years since > 30 days avg rental in first year of service (could be <30 days in future). I qualify for REP, my business partner does not. My question is whether I can benefit from loss offset, primarily from Bonus Depreciation stemming from our renovation, while my business partner can capture loss carry-forwards?