Related Posts
I think Canvas took the holiday today
More Posts
Anyone gone from PA to CBRE ? Do you like it ?
Is 16LPA low for 5Exp. Devops background
Additional Posts in FIRE Financial Independence Retire Early
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.







🙋🏻♀️ I have two vacation homes I Airbnb/STR. We keep as two weeks a year each and rent out the rest. As much as I’d like to use them more I don’t want to step away from the income. Each nets $85-100k (all expenses except income tax) plus our mortgage is being paid off by other people ($25-30k a year per house).
When I retire, we will likely use one of the houses more such that we just break even and then the other house will remain as a rental and we just use the two weeks.
Yes it’s work and yes things happen in the house but to me the financials make it worth it.
What are is this? Property value vs rent in our area is pretty bad.
Subject Expert
One of the cornerstones of my FIRE plan has been not having two vacation houses.
Subject Expert
OK, enjoy. :)
Coach
I have a mid term rental that I stay at a few weekends a year. I stay under the 14 day threshold so I can take advantage of the expenses. Even if you stay there for more than 14 days, any days where you spend 4 hours or more working on the property won’t count towards the 14 personal days. Any time I’m at my property, I’m always doing inventory, making small repairs, running errands, etc.
Long term, I’m probably not going to manage rentals as part of my fire strategy because they’re a lot of headaches. I haven’t any 2am phone calls but I figure it’s only a matter of time. I’d rather sell and turn them into lower effort assets even if they have lower yield.
Coach
You would be under the obligation to prove maintenance days vs personal days if audited.
Photos of before / after work done + receipts + a time log is what I use. It’s the same way I documented my hours towards material participation for the short term rental loophole.
Suggest looking closer at the tax rules. Once you use for more than 14 days personal you can not deduct a loss, but you can still deduct expenses against rental income on a prorated basis.