STR-specific deductions most owners miss
Beyond the standard rental deductions (mortgage interest, property taxes, insurance, depreciation), short-term rentals generate a long list of operational expenses that are fully deductible:
- Cleaning fees: The cost of turnover cleaning between guests—one of the largest STR expenses. Fully deductible whether you hire a service or buy supplies.
- Guest supplies: Toiletries, coffee, paper products, linens, towels, kitchenware, welcome baskets—anything provided for guest use.
- Platform fees: Airbnb host service fees (typically 3%), VRBO fees, Booking.com commissions, channel manager subscriptions.
- Professional photography: Listing photos, video tours, drone footage—deductible as advertising expenses.
- Staging and furnishing: Furniture, decor, artwork, and staging items. Items over the de minimis threshold may need to be depreciated rather than expensed immediately.
- Dynamic pricing software: PriceLabs, Wheelhouse, Beyond Pricing subscriptions.
- Smart home technology: Smart locks, noise monitors, thermostats, security cameras for common areas.
- Guest communication tools: Hospitable, Guesty, or other PMS (property management software) subscriptions.
- Utilities: Electric, gas, water, internet, cable/streaming—typically landlord-paid in STRs, making them fully deductible.
- Occupancy and lodging taxes: Taxes you pay to local jurisdictions are deductible as a business expense.