Do I really have to work on the property myself?+
Yes. For the losses to come off your W-2, you need more than 100 hours on the property in the year, and more time than any other single person, your cleaner included. Spread over a year, that's about 2 hours a week, and the clock starts when you go under contract. Ryan sets up your log and checks it with you, and all of the tax work is handled for you.
Do I need real estate professional status?+
No. Real estate professional status needs 750 hours and more time in real estate than at your actual job, which rules out almost anyone with a full-time career. A short-term rental uses the 100-hour test instead, as long as the average guest stays 7 days or less.
Will this hold up if the IRS ever looks at it?+
The strategy is written into the tax code, and where people lose it is the paperwork. In Mirch v. Commissioner, the court agreed the property qualified as a short-term rental and still ruled the losses passive, because the hours log was an undated summary built from estimates. That's why each entry in your log names a real task and the time it took, and Ryan reviews it with you during the year.
Is it too late to lower this year's taxes?+
Not necessarily. The big first-year deduction attaches to the year the property is placed in service, meaning ready and available for guests, so a property that's ready to rent by December 31st can count for 2026. The savings show up when your 2026 return is filed, and if the calendar doesn't work this year, 2027 starts with the property, the log and the study lined up from day one.
How much does it cost?+
Ryan publishes his fees. The year-round Tax Strategy engagement has 3 tiers, starting at $7,450, $8,950 (the most popular) and $17,950, billed upfront, and an engagement typically runs 12 months from your kickoff call. The strategy is the same at every level, and what changes is how much of Ryan you get. Final pricing depends on things like how many properties and entities you have, and he talks through the scope with you before any work begins.
Is tax filing included?+
Tax filing is only available to strategy clients and is billed separately, typically $2,000 to $3,000 per return. If you only want a return filed, this isn't the right fit. Cost segregation studies come from third-party providers, typically $1,000 to $4,000 per study.
Do you work with clients outside Minnesota?+
Yes. Ryan lives in Minnesota, holds every meeting virtually and has served clients in all 50 states. You work with him directly, one on one, and he works with a limited number of strategy clients at a time.
What happens on the strategy call?+
Ryan asks about your W-2 income this year, including any bonus or equity, the real estate you own or are looking at, and the time you could put into a property. You'll find out whether a short-term rental strategy is worth pursuing for you this year and what would have to happen before December 31st. If it isn't, or you'd be better off waiting a year, he'll tell you plainly.