My wife and I are looking to buy a STR and I've done some research and reading, but there is always so much left to learn. Good books so far have been Short-Term Rental Tax Secrets and Every Airbnb Host's Tax Guide (still working on this one). I posted a question in the STR forum looking for confirmation and/or guidance on our plan. If someone is able to answer it or even just address a portion, that would be helpful (I realized it's quite long after I posted it). I tend to bounce around the web a lot looking for information, but this forum seems to stand out above others for quality information, and any help is appreciated. Thx.
Real Estate Broker · Sacramento, CA · Member since 2021 · 516 posts · 408 votes
1y
What's up Justin, I'm a local broker, investor, and I manage 100+ Airbnb properties. Sacramento has been a very stable market for STR so you're definitely on the right track. I didn't see your other post but I'll have a look now and DM you :)
Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
1y
Hi Justin, welcome to BiggerPockets! You're off to a great start. STRs can be a great wealth-building tool, and this community has tons of experience to share!
My wife and I are looking to buy a STR and I've done some research and reading, but there is always so much left to learn. Good books so far have been Short-Term Rental Tax Secrets and Every Airbnb Host's Tax Guide (still working on this one). I posted a question in the STR forum looking for confirmation and/or guidance on our plan. If someone is able to answer it or even just address a portion, that would be helpful (I realized it's quite long after I posted it). I tend to bounce around the web a lot looking for information, but this forum seems to stand out above others for quality information, and any help is appreciated. Thx.
Justin in Sacramento
Hey Justin, I'm an investor in Sacramento, mostly LTR's and MTR's. A lot of investors are pulling out of the STR market in Sacramento do to over supply and lack of demand. Vacancies are up with STR's. If you do decide to go the STR route, make sure that the deal still pencils as an LTR. Happy to chat about over phone anytime.