JF1826: Saving Tax Money On Short Term Rentals & Other Properties with Robert Stephens

<p><span style="font-weight: 400;">Taxes are a major expense for real estate investors, and Robert is here to explain some of the taxes that we may not know about, and how to save money on those taxes. In the short term rental area, there are lodging taxes. Much of the conversation focuses on that today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!</span></p> <p><strong>Best Ever Tweet:</strong></p> <p><span style="font-weight: 400;">“A lot of people think since they’re not running a hotel that the lodging tax doesn’t apply to them” - Robert Stephens</span></p> <p><strong>Robert Stephens Real Estate Background:</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Co-founder of Avalara MyLodgeTax (formerly HotSpot Tax), formed in 2002 out of his own necessity to understand and manage compliance with his rental property.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Helps homeowners, hotel operators, and other businesses with short term lodging tax regulations </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Based in Englewood, CO</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Say hi to him at</span> <a href="https://www.avalara.com/"><span style= "font-weight: 400;">https://www.avalara.com</span></a></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Best Ever Book: The Big Short</span></li> </ul> <p><span style="font-weight: 400;">Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   </span></p> <p><span style="font-weight: 400;">TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.</span></p> <p><span style="font-we