Tax Secrets Every STR Investor Must Know w/ Anne Gannon

Real Estate Investing with the REI Mastermind Network

Tax Secrets Every STR Investor Must Know in 2024! CPA Anne Gannon shares expert insights on maximizing profits and minimizing taxes for short-term rental investments.

Discover:

• How to evaluate properties for STR potential
• Tax-saving strategies like cost segregation
• The importance of understanding your financials
• Tips for long-term success in real estate investing

Anne Gannon, author of "Real Estate Accelerator," reveals why successful STR investors focus on both short-term gains and long-term appreciation. Learn how to avoid common pitfalls and set realistic expectations in today's market.

Connect with Anne: https://www.thelargogroup.com/

Key takeaways:

1. Know your market and rental patterns
2. Understand the tax implications of STR investments
3. Stay educated and adapt to market changes
4. Focus on both immediate returns and long-term growth

Don't miss this valuable advice for both new and experienced real estate investors looking to optimize their STR strategy in 2024 and beyond.

Subscribe to the REI Mastermind Network for more expert insights on real estate investing strategies!

SUPPORT THE SHOW! Leave a review, share with a friend, and follow us on social media for daily real estate investing tips.

Remember: "Accounting is the rulebook. We have to understand it if we're going to play the game." - Anne Gannon

#lodgingtaxes #vrbotaxes #whatiscostsegregation #shorttermrentaltax #cpa

CHAPTERS:

00:00 - Intro

00:23 - Real Estate Accelerator Book Overview

02:40 - Successful Short Term Rentals Strategies

06:05 - Evaluating Short Term Rental Properties

08:16 - Tax Benefits of Short Term Rentals

13:35 - Getting Started with Bookkeeping

16:35 - Choosing the Right CPA

18:44 - Bookkeeping for Market Adaptation

22:17 - Common Myths in Real Estate Investing

23:01 - Recommended Book for Investors

23:18 - Time-Saving Tips for Investors

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!
• Apple Podcasts
• Google Podcasts
• YouTube
• Spotify
• Stitcher
• Deezer
• Facebook
• Twitter
• Instagram

SUPPORT THE SHOW!

• Self Managing Your Rental Properties? Get 6 months of RentRedi for $1! Click this link!
• If you are new to Wealthfront, and open a Cash Account, you'll get a 0.50% APY boost for 3 months.
• Open an Automated Index Investing Account or Automated Bond Portfolio, you'll earn $5,000 managed for free.
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729

"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack