Sonoma County real estate agent Stephanie Johnson breaks down a tax strategy that lets buyers purchase a short term vacation rental in Sonoma County and write off a significant portion of that home's value in the first year of ownership.

She explains the difference between a short term and a long term rental, and why that distinction is what makes this tax benefit possible for busy professionals who cannot otherwise qualify as real estate professionals. She breaks down how a cost segregation analysis works in plain terms, and roughly how much of a home's value buyers can expect to write off in year one. And she covers where you can and cannot buy a short term rental in Sonoma County right now along with the four specific steps required by the county to legally operate one.

Before you set out to buy your vacation property in Sonoma County, you’ll absolutely want to listen to this episode!

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I'm Stephanie Johnson, a Sonoma County real estate agent helping buyers make the move to wine country. If you're seriously considering relocating from the Bay Area or beyond to Sonoma County, I'd love to help you explore what that could look like. Let's talk about your goals, reach out anytime. If you're researching a move to Sonoma County, subscribe to this channel for weekly videos on real estate, neighborhoods, and the Sonoma County relocation process.

You can also watch this video on YouTube: https://www.youtube.com/watch?v=RhIPQqo9tV0

Host: Stephanie Johnson, RealWise PropertiesRealWiseProperties.com

707-234-8788