Short-term rental property documentation
Considering cost segregation for your STR? Start with a documented property.
Organize purchase facts, rooms, furnishings, appliances and improvements before your CPA evaluates classifications and depreciation treatment.
Understand the service
Choose the scope your property needs.
Owners researching STR cost segregation need to understand both the property analysis and the professional engagement involved.
PDP’s $395 standard package provides guided property documentation, suggested classifications and depreciation preparation materials for CPA review.
It does not include an engineering-based cost-segregation study. Complex property facts or allocations may require a separate specialist.
A practical starting file
- Purchase and land-allocation records.
- Acquisition and placed-in-service facts.
- Room-by-room furnishing inventory.
- Appliance and improvement records.
- Available receipts and photographs.
- Visible estimates and professional-review questions.
Explore the actual workflow
Document the assets behind your STR.
Explore a furnished short-term rental inventory. You supply descriptions, quantities, costs, dates and available evidence. PDP keeps the record organized for review; classifications and taxpayer-specific results still require professional evaluation.
This fictional example is separate from your customer account. Start a real property through the free property check when you are ready.
Check My Property — Free
Explore synthetic property information using the app’s native tabs. You provide facts and supporting records; PDP organizes them for professional review.
This sample is not your saved customer property or a filing recommendation. Your tax professional determines final treatment.
Keep property documentation separate from taxpayer results.
A report or depreciation model does not establish whether a deduction can be used on a particular return.
Property questions
What was acquired? Which amounts are supported? What dates, allocations and prior records need review?
Operating questions
Ask your professional how rental use, average stay, services, personal use and participation facts affect their evaluation.
Taxpayer questions
Ask about applicable limitations, elections, basis and the difference between a modeled deduction and a currently usable result.
Document the property’s timeline.
Keep purchase information, initial rental setup and later replacements distinguishable. Record the facts supporting when the property and individual assets became ready and available for their intended use.
For an existing rental, gather prior depreciation records and identify later improvements or purchases.
Organize furnishings and replacement records →Questions for your CPA
- Are the basis and allocations sufficiently supported?
- Are the proposed classifications appropriate?
- Which depreciation assumptions or elections should be evaluated?
- Do prior filings require further analysis?
- Is the standard package sufficient, or is a specialist study needed?
- How do taxpayer-specific limitations affect the result?
See the documentation workflow.
Explore the actual inventory interface and inspect the anonymized report before beginning your own property.
STR questions.
Is PDP an engineering-based study?
No. The standard package is a guided documentation and calculation workflow for professional review.
Does an STR automatically qualify for a particular tax result?
No. Discuss the property, operations and taxpayer facts with your CPA. PDP does not determine passive-loss treatment, material participation or deduction usability.
Can I use the workflow for a rental condominium or townhome?
Those residential property types are within the standard workflow’s intended scope, subject to property fit and complexity.
Can I compare depreciation assumptions?
The application includes modeling and comparison features. Treat their results as assumptions for professional review, not promised savings or filing instructions.
Start with a better-documented STR.
$395 per qualifying property. No subscription.