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The document is a Short Term Rental Property Management Agreement between the property owner and CitiStar Rentals (CR). It outlines the terms of employment for CR to manage and rent the owner's property on a short-term basis, detailing responsibilities, management fees, rental rates, maintenance obligations, insurance requirements, and termination conditions. The agreement emphasizes CR's authority in setting rental terms, promoting the property online, handling tenant deposits, and managing repairs while limiting liability for losses incurred by the owner.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can short-term rental losses offset ordinary income?

If done properly, short-term rentals can offset directly against this ordinary income without the real estate professional status. Losses can be generated by increasing your depreciation expense by using cost segregation studies to offset active business income without qualifying as a real estate professional.

What is the Airbnb income tax loophole?

The Airbnb Tax Loophole allows hosts to earn rental income tax-free when they rent out their place for 14 days or less in a year. It is known as the 14-Day Rule this part of U.S. tax law lets short-term rental hosts avoid reporting income to the IRS and save big on taxes.

What is an example of a tax loophole?

Backdoor IRAs, carried interest, and life insurance are just some of the loopholes you can use to reduce your tax bills. Its important to plan correctly and use the right loopholes, credits, and deductions for your unique situation.

What is the short-term rental loophole?

The STR loophole can be summarized easily- if your rental property has an average guest-stay of 7 nights or fewer, then it is considered short-term. Next, if you have a short-term rental, the losses, especially during the early years, are deemed non-passive and therefore deductible beyond the passive loss limitations.

What is the average management fee for short-term rentals?

Generally, the average property management fees for short-term rentals could be anything between 25-40% of the rent collected. In general, commissions will be lower for urban properties than rural, mountain, or beach locations.

short term rental property management agreement

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What is the minimum period for a property management agreement?

While most property management contracts are 12 months long, there are benefits to shorter ones. Normally there are no changes to contracts until they renew. With a shorter contract, both owners and property management companies have more opportunities to make changes benefiting their working arrangement.

What is a hold harmless agreement for short-term rental?

The Owner/Host is not liable for any accidents, injuries, or illnesses that occur while on the Property or its facilities. By accepting this agreement, guests agree to indemnify and hold harmless the Owner/Host from any and all claims of personal injury or property damage.

What is the 7 day rule for rental property?

The 7-day rule is a general rule of thumb for vacation rental owners trying to keep the deductible losses to zero for their taxes. If a property is rented for an average of 7 days or less then owners will be eligible for tax-deductible losses.

Get the up-to-date SHORT TERM RENTAL PROPERTY MANAGEMENT AGREEMENT 2025 now

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How to change SHORT TERM RENTAL PROPERTY MANAGEMENT AGREEMENT online

See more SHORT TERM RENTAL PROPERTY MANAGEMENT AGREEMENT versions

Complete this form in 5 minutes or less

Got questions?

Can short-term rental losses offset ordinary income?

What is the Airbnb income tax loophole?

What is an example of a tax loophole?

What is the short-term rental loophole?

What is the average management fee for short-term rentals?

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What is the minimum period for a property management agreement?

What is a hold harmless agreement for short-term rental?

What is the 7 day rule for rental property?

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