STR Prime · Coming soon
A wine-country home that pays you back at tax time.
STR Prime is Realm’s upcoming program for high earners who want a Sonoma short-term rental that is legally permitted, underwritten on real numbers, and operated so the depreciation can offset ordinary income. We’re building it now. Leave your details and you’ll hear first.
Built for households with $500k+ of W-2 or similar income. Always in step with your CPA.
The strategy in one line
- [01]Buy a permitted short-term rental
- [02]Commission a cost segregation study
- [03]Materially participate in year one
- [04]Depreciation offsets ordinary income
- [05]Keep the asset, and the cash
The size of the deduction depends on the property, the study and your tax position. Your CPA confirms the numbers; we build the plan around them.
What we’re building
The strategy works. Only if three things are true at once.
The right jurisdiction
Only properties where short-term rentals are actually permitted. Most places aren't, or are at their cap.
The right numbers
Underwritten on nightly rates, occupancy and operating cost — and scored for your year-one deduction, not just cap rate.
The right year one
Co-managed so you log the hours the strategy requires, then fully managed from year two.
The deal-qualifier
Every property will run through four checks before you see it.
Sonoma County publishes the data. We layer it with underwriting and your tax position so we can say yes or no to an address before anyone writes an offer. Unincorporated county only.
- Cap-zone capacity
- Is this neighborhood at Sonoma County's short-term rental limit?
- Septic-permitted bedrooms
- Caps the bedrooms you can legally rent — and the revenue.
- Zoning class
- Some zones allow vacation rentals; some never will.
- Deal score
- Nightly rate, occupancy and carrying cost against your tax position.
In the meantime
Two things you can do today.
- Own a rental already? A cost segregation study is the same engineering that powers this strategy. Get a free estimate →
- Launching or running one? That’s STR Consulting and Realm Management, both open now.
Be first when STR Prime opens.
Leave your details and a line about your timeline. No newsletter — one note from Preet when it’s ready.