Tax Secrets Every STR Investor Must Know w/ Anne Gannon

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.

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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

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