How I Saved Over $350,000 In Taxes
Summary
The video highlights how mid-term rental properties can offer significant tax savings through strategies like cost segregation and bonus depreciation. The host emphasizes the advantages of shifting from W-2 income to business/investing to access various tax deductions and using an S Corporation to potentially avoid self-employment taxes.
More from Pricing & Profitability
North Texas homeowners are poised to capitalize on surging Airbnb demand during the World Cup. This presents opportunities for profit but also highlights the need for hosts to understand market dynamics and optimize their listings. Hosts should research peak season strategies to maximize revenue during this event.
This article discusses the potential for short-term rental hosts to profit from the surge in tourism related to the African Cup of Nations (Afcon) tournament. It highlights the increased demand for accommodations during the event, offering a prime opportunity for hosts. The article suggests hosts can capitalize on this demand by optimizing their listings and adjusting their pricing strategies.
A recent report highlights that Gallatin and Flathead counties in Montana have the majority of short-term rental units. This indicates a concentrated market. Hosts and investors in these areas should monitor market trends and potential regulatory changes. Understanding local supply is crucial for successful STR management.
Curated by Learn STR by GoStudioM