Expenses & Tax Reports

Go to STR → Expenses to log and manage your rental expenses. Click + Add Expense to record:

• Description — what the expense was for
• Amount — how much it cost
• Date — when the expense occurred
• Category — Cleaning, Repairs, Supplies, Utilities, Insurance, Mortgage, Property Tax, Management Fees, or Other
• Vendor — optionally link to a vendor from your list
• Receipt — upload a photo of the receipt
• Notes

The expenses page shows a summary of your spending with totals by category. You can filter expenses by date range to see monthly, quarterly, or annual totals.

Each expense entry shows the date, description, category, amount, and any linked vendor.

Go to STR → Mileage to log trips related to your rental property. This is important for claiming the IRS standard mileage deduction on your taxes.

For each trip, log:

• Date — when the trip occurred
• Purpose — why you drove (e.g., “Guest turnover cleaning”, “Supply run”)
• Miles — round-trip distance
• From / To — start and end locations

The mileage page shows your total miles and estimated deduction based on the current IRS standard mileage rate.

Go to STR → Tax Report to generate a summary of your rental income and expenses for tax filing.

The tax report includes:

• Gross rental income — total payouts from all bookings in the period
• Expenses by category — broken down by IRS Schedule E categories
• Mileage deduction — total miles driven and estimated deduction
• Net income — gross income minus total expenses and mileage
• Occupancy stats — nights booked, occupancy rate, average nightly rate

Select a tax year to generate the report. You can share it with your accountant or use it to fill out IRS Schedule E for your rental property.

• Log expenses as they happen — it's much easier than reconstructing them at year-end
• Upload receipt photos right away so you have documentation
• Track every trip to your rental property for the mileage deduction
• Categorize expenses correctly — it maps directly to Schedule E line items
• Use iCal sync to keep bookings accurate so your income totals are correct