Here is how I use my mid-term rentals to help me save on taxes 👇🏼

Jesse VasquezDec 16, 20240m 6s937 viewsScore 75
Pricing & Profitability
intermediate
Tax Strategy
Mid-Term Rental
Profitability
Expenses
M

Summary

AI-generated

Jesse Vasquez discusses using mid-term rentals for tax savings via cost segregation and bonus depreciation, improvements that increase depreciation, and using an S-corp to avoid self-employment taxes. He also mentions various tools and resources he uses in his business.

Key insights

  • Improvements to properties, like adding Pelotons or Jacuzzis, contribute to increased depreciation, which leads to greater tax benefits.

Mistakes to avoid

  • Failing to take advantage of tax incentives offered by the government to real estate investors can significantly increase your tax bill.

Tools & resources

  • Furnished Finderwebsite

    A platform to list your furnished home.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial