Short-Term Rentals06 · Wealth & Exit
The long game: how equity compounds, whether you are ready for the next property, and what a sale, an exchange or a refinance costs before you choose one.
How to turn an STR into long-term wealth: how equity compounds, the number that determines your exit tax, and how to sell, exchange, or refinance without a surprise bill.
Matt Nunn · 12 min read
What it covers
Start with the guide above — the rest of Wealth & Exit builds on it.
How wealth compounds comes first, then adjusted basis, because everything at a sale is measured from it.
Appreciation, paydown, deferral — and the number that drives every exit.
Five readiness floors, checked in order, before you add another property.
Recapture, capital gains, NIIT — and how to defer.
The two exit decisions: which route fits, and whether the property still earns its place.
Judgment calls, not how-tos — each weighs the options for your situation.
A letter for people who run property as a business. One idea at a time on the financial side of ownership — what changed, what it means, and what an operator should do about it. Written for short-term and long-term rental owners alike.
