Maximize your 1031 exchange with short-term rentals.
A short-term rental can replace your long-term rental and produce more gross income. Chalet connects you with a local realtor who works to your 45-day and 180-day deadlines.
- Instant free introduction
- 1031 exchange specialists
- Nationwide coverage
Select your STR markets
Add the cities or regions you want to buy in.
The two dates that control your purchase
The clock starts on the day your sale closes. The two periods run at the same time.
- Day 0
Your sale closes
Your qualified intermediary holds the funds. You cannot touch the money.
- Day 45
You identify in writing
You name your replacement properties. You cannot add a property after this date.
- Day 45 – 180
You inspect and finance
You confirm the permit, the HOA rules, the appraisal, and the loan.
- Day 180
You close
You buy a property from your identified list. No other property counts.
There is no extension. If you miss a date, the exchange fails and the tax is due.
Your dates stay in your browser. We send them only when you request an agent.
Meet a 1031-ready realtor
Thomas Byrd
Chalet-vetted realtor
- Coverage
- Dallas · Frisco · Arlington · Irving · Grand Prairie
- Brokerage and license
- Compass RE Texas, LLC · TREC #788308
Specializing in the short-term rental market throughout Dallas–Fort Worth, Thomas Byrd has built a reputation for helping investors turn real estate opportunities into successful vacation rental investments. His deep understanding of local regulations, market dynamics, and investment strategy allows clients to confidently navigate an increasingly complex STR landscape. Whether working with a first-time investor or an experienced portfolio owner, Thomas provides practical guidance tailored to each client's goals. Beyond helping clients buy and sell real estate, Thomas believes in being a true investment partner — helping investors think beyond the purchase itself with insights into property selection, guest appeal, operations, and long-term performance.
What he handles
- 1031 exchange purchases
- Airbnb & short-term rental properties
- Investment properties
- STR sellers
Thomas made purchasing my short-term rental property an outstanding experience. His knowledge of local neighborhoods, permitting requirements, and market trends was invaluable. He found properties that matched exactly what I was looking for, negotiated a great deal, and was responsive every step of the way. I highly recommend Thomas to anyone buying investment real estate, especially for short-term rentals.
Buying outside Dallas–Fort Worth? Tell us your market and we introduce the local equivalent. See Thomas's full profile.
Why a short-term rental works as replacement property
Ask your CPA about your own facts. Here is the general picture.
How Chalet works
- Step 1
You pick your markets
One field. Add the cities or regions you want to buy in.
- Step 2
We match a local agent
We pick one agent in that market from our partner network. We send your deadline with the introduction.
- Step 3
The agent calls you
You start the property search. You pay nothing to Chalet. The agent pays our referral fee at closing.
Testimonials
Reviews from Chalet's Google Business profile.
From the moment we connected with Chalet, our journey transitioning some of our real estate portfolio from long-term rentals to short-term rentals has been so much easier and resource-rich! … The knowledge and connections we gained in an accelerated time frame (during a 1031 exchange) gave us the confidence to move forward with the purchase of 2 new STR properties located in Orlando in the fall of 2023. By April, we had already gained Superhost status on the Airbnb platform.
We have worked with tons of realtors over the years, and met with even more. The realtor that Chalet paired us with was by far the best … If you have a LTR or STR rental and need a realtor in your city, they’re the one to go with!
Chalet has been an outstanding resource for short-term rental investors like myself. … I had the pleasure of working with Ashley Durmo, who manages Chalet, and she connected me with Tommy Sinclair, a real estate broker in Coachella, CA. Thanks to that introduction, I was able to purchase my Airbnb rental in Coachella, which has been performing very well.
Common questions
Yes, in general. The replacement property must be U.S. real property that you hold for investment or for business use. A short-term rental that you rent at fair market rent can qualify. Your CPA confirms your own facts.
Rev. Proc. 2008-16 gives a safe harbor for a dwelling unit. It sets a minimum rental period at fair market rent and a limit on personal use days. Ask your CPA for the exact limits that apply to you.
The exchange fails. The IRS gives no extension for a missed identification. You then owe the tax on the gain from your sale.
Yes. A qualified intermediary must hold the sale funds. If you receive the money yourself, the exchange fails. Chalet is not a qualified intermediary.
Yes. Many buyers add a loan to reach an equal or higher purchase price. Speed matters more than usual, because the loan must close before day 180. Tell your agent the deadline on the first call.
Yes. Chalet works on the sell side and the buy side. One agent can list your current property. A second agent can find your replacement property in the new market. See how Chalet helps you sell.
Start with your market
No cost to you. The agent pays our referral fee at closing.
