The Short Term Show

Yonah Weiss is a leading expert in the real estate market when it comes to cost segregation and how to make the most profit, with the least loss from your real estate investments. He is not only an investor himself, but he additionally is a consultant who offers cost segregation studies to help people get the maximum tax deductions while staying within the tax code. He is an expert when it comes to helping people increase their cash flow and grow their businesses to exponential heights - his average customer recognizing up to $250,000 in increased tax depreciation expense. Delve into the world of cost segregation with us and learn how you can level up every single one of your investments.   Discussion Points How to accelerate a portion of depreciation Meaning of cost segregation When to do a cost segregation Relationship between furniture and depreciation How value is determined based on cost segregation Meaning of 100% bonus depreciation How to avoid income tax liability Price of the cost creation study   The Short Term Shop University The Short Term Shop Facebook Group IGMS Real Estate Professional Tax Status Crushing It! The Way of God Yonah Weiss’ Website

Brandon Hall is THE real estate CPA of The Real Estate CPAs. He has a wealth of knowledge around financials and taxes in real estate investment. Chatting to Avery Carl in today’s episode,  Brendon shares some fantastic nuggets of advice applicable to both new and seasoned investors. Avery asks questions based on what she knows, from experience, people have concerns about. From clarifying passive income to explaining when to make use of cost segregation in your property - he explains all of it concisely and in layman’s terms. So no more excuses! So strap in and prepare to be “in the know” about property taxes at the end of this episode.  Discussion Points About Brandon Hall Move into short term rentals  Is Short term rental - Schedule E vs C and Passive vs non-passive income Qualifying as a real estate professional for tax benefits Cost segregation Types of properties cost segregation makes sense to do on Accelerating Depreciation LLC vs Personal Ownership in terms of Tax Advice for new investors Brandon’s favorite book Resources  The Short Term Shop University The Short Term Shop Facebook Group How to win Friends and Influence People book Tax-Smart real estate investors Facebook Group Real Estate CPA YouTube Channel The Real Estate CPA Website

Joe Prillaman found himself in a suddenly-booming short term rental market soon after he purchased a few properties in the area. He calls it “lucky” but the fact is that he also worked very hard figuring out the market, learning the tricks of the trade, and building relationships with other investors in the area before his first investment. So it may be thanks to a bit of luck that the market turned a corner, but he still did his part to ensure he could benefit from the upturn.  In this episode, show host Avery Carl gets Joe to open up about his journey to becoming a short-term rental property investor and to share openly how he finds and chooses properties to invest in. He has some great insights around investing in multi-plexes and why he has decided to focus on those going forward. Joe believes in the slow and steady approach to short-term rental investment and so far, it seems to have paid off for him.  Discussion Points Joe’s background in Property Investment Starting out buying a BRRRR Having a team around you for guidance when starting Why Joe got into short term rental investment What is a good deal to Joe How Joe is finding multiplexes Joe’s Financing process Getting into a great market on a low budget Number one mistake investors make Finding out more about the market you’re interested in Advice to 20-year-old Joe Joe’s advice to new investors Favorite book that impacted Joe’s mindset Resources  The Short Term Shop University The Short Term Shop Facebook Group Set For Life book

Tony Robinson is a short term real estate investor who learned from a young age the importance of holding property to build wealth rather than immediately jumping to wholesaling. Ever since he received enough capital to do so, Tony has been profiting from his well-calculated short term investments. He currently works actively in both the Smokey Mountains and Joshua Tree, California. He is an expert when it comes to understanding your market and making the right decisions whether you are purchasing your first short-term rental homes or adding additional real estate to your portfolio.   In this episode, show host Avery Carl has an in-depth conversation with Tony about the differences between the different real estate markets and how the specific needs of the property change geographically, and as the tourism and the population of the area changes throughout time. We additionally speak about the differences between short and long term rentals and the risks that may come with either investment. Tony speaks about the characteristics of the property that should be carefully researched prior to purchase, and how to know the right questions to ask before agreeing to the sale.   Discussion Points Tony’s Background in Real Estate Overview of Tony’s real estate experience How to tailor your selling tactics to different markets Method of using vacation home mortgage to buy homes Tips for picking and knowing your market Difference between short-term vs long-term rentals Risks of short-term rentals Why to avoid markets with out short-term rental regulations Importance of looking at previous ownership in rentals Why person running a rental is more important than the asset itself Suggestions for starting out in a newer rental market Tips for getting started and asking the right questions Picking your market, knowing your budget, making connections   The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs Rich Dad, Poor Dad Profit First Bigger Pockets Real Estate Rookie Podcast @TonyJRobinson Real Estate Robinsons

Pavan Mediratta and his wife Tracy left their corporate jobs - “retiring” to manage their vacation rental business with greater success than they imagined possible. Their business has boomed because they continued to make great purchase decisions and continued to self-manage all their properties.  In today’s episode, Avery Carl picks Pavan’s brain about topics ranging from his short term rental buying decision-making process to choosing a housekeeper. He shares insight into the way he negotiates for a property in the current extremely competitive housing market to make sure he gets the properties he wants. There are few people with his level of experience in the vacation rental market so this episode is once again brimming with great advice for new and experienced investors alike. Discussion Points How Pavan Mediratta got started in short term rentals The markets they focus on The important things to consider when managing a rental remotely Finding the right housekeeper How to deal with cleaning and maintenance problems Changing from long-term rentals to short term rentals Walking away from a steady income Choosing a unit according to its size Identifying a market to go into Good markets/deals in the past vs current market conditions Advice for “young Pavan” Favourite Book Dispelling limiting beliefs of new investors Resources  The Short Term Shop University The Short Term Shop Facebook Group Cashflow Quadrant Book

Avery Carl - real estate agent extraordinaire hosts The Short Term Show - the podcast with a focus on short term investment for long term wealth in real estate. Husband and wife team, Luke and Avery Carl, together with a great team, run a successful short term real-estate business called “The Short Term Shop”. Avery and Luke co-founded the business after realising that there’s a market for people who want to get into investing in short term rental property - but don't know where to start.  The guest today is none other than Avery’s husband Luke. He is the education and management specialist for The Short Term Shop University while Avery specializes in connecting investors with short term rentals with the highest ROI potential, and then training them to manage their short term rental from anywhere in the world. Discussion Points Luke’s Background Getting into real estate investing Luke’s First Deal First Single Family home Long term rental investment Why do short term rental investments? Getting advice from the “enemy” on getting started in short term rentals The value of a mentor Structuring a partnership in property investment What constitutes a good deal? Managing a property Hiring a housekeeper Avoiding bad reviews by weeding out bad guests Software to assist property management Advice for “newbie” short term rental property investors Luke’s most recent favourite book Resources  The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs The Six Week Rule (STS YouTube) Don’t be a Dick (Book)