How the Rich Use LLCs to Hide Their Assets

Summary

This video, while not exclusively about STRs, provides a crucial framework for any real estate investor, including short-term rental hosts, on how to structure their business for asset protection and tax efficiency using LLCs. Attorney Mark Kohler introduces his "Trifecta Framework," which separates active business operations from passive assets like rental properties. He details five types of LLCs, explaining how a "Holding Company LLC" is essential for protecting rental properties and how an "S-Corporation LLC" can save significant money on self-employment taxes for the operational side of your business (e.g., a management company).