Real Estate Short-Term Rentals (Massive Tax Strategy!)

Short-term rentals offer tremendous tax savings opportunities to real estate investors, and we will be going over the short-term rental tax secrets that can save you thousands of dollars in taxes.
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#realestate #realestateinvesting #shorttermrentals

[Security]

your absolutely correct alot of tax preparers do not have a clue about depreciation its tough finding a good one out there

[ClintCoons]

Hi Everyone, What are your questions about Short-Term Rentals or Getting Started in Short-Term Rentals?

[sachastayswi]

This is great Clint. Signing up for Titanium. Looking forward to talk with you soon

[michelleandthomas]

Excellent content and clear, concise communication. Love to see it!

[JayBunte]

Exactly what I was looking for. Subscribed!

[annaconnolly]

I thought that the 100 hour test was --- 100 hours AND more than any other one person working on the STR? I would think a cleaning person will do more work than an owner who's self-managing.

[peterchirico]

Thank you for making this video, I now understand it better. Wish we knew about this before, will be contacting you down the road.

[skoopqueen]

<Investing in Airbnb properties has been a lucrative venture for me. 🏡💰 It's like having your own mini-hotel empire that generates passive income month after month. By carefully selecting the right locations and providing top-notch hospitality, my Airbnb investments have consistently outperformed traditional real estate. 💼😊. I wasn't financially free until my 40s, and I'm still in my 40s. I've bought my second house, earn on a monthly basis through passive income, and achieved 3 out of 5 goals. Investing was the wise decision I made.

[organizer]

Is this structured as llc taxed as c corp? Thanks great insights!

[treejohnson]

Hi Clint, have you done that video yet for real estate professionals. I really need to see that

[claudiotmunoz]

Thanks for the video, Clint! My partner is a high-income earner, and she purchased a lake property in 2022, which has been used as a short-term rental. A few questions:
1. The rentals is managed by a management company. My partner has spent at least +100hrs/year in the house, doing different type of massive upgrades, maintenance, paintings walls, creating hiking trails in the lot, etc. The house is 2hrs away from her primary residency, so there is a lot of driving involved too. Will this type of activities count toward the +100hrs material participation? I am 100% sure that nobody else involved in the operation of the rental spends more time than her.
2. She uses the house some weekends during the year. Is there a rule about how much time can you spend in the house, to be considered short-term rental?
3. The house was purchased in 2022 and is currently using depreciation in a linear schedule. Is it too late to do a cost segregation and take advantage of the accelerated depreciation schedule?
Thanks!

[melissajersey]

Do these losses also go against capital gains and dividends?

[Trentj_PinnacleBeachProperties]

Does any of this work if you hire a management company to manage the property?

[ericbrown]

If the average stay is less than 7 days and I materially participate, do I report the income and expenses on Schedule C or Schedule E?

[edenpagani]

What about babysitting services (for my grandkids)

[jesusdm]

If I start doing this in December, would it still qualify? How do you proove to the IRS the 100 hours of material participation... any way to do that while having a management company?
Thanks.

[eikeembarron]

Are there any benefits for an operator of a mid term rental? I rent to travel nurses who have 2-3 month contracts at a time. The properties are furnished and I manage myself.

[andresvasquezofficial]

If you were to do this, does that mean that you will not create a C-Corp to manage those Airbnb?

[dangou-nchained]

So we are way behind the curve. We have a STR for 3 years. Have put $50, 000 fixing, furnishing, upkeep, but have only been doing standard deductions. Is it worth it now to do a cost segregation? Also should we move the home to a LLC? Do we get more deductible income? If so what?

[dannyparmelee]

At 7:58 you say "This is a one time thing." Why can't you do this every year?