Tax Advice For Rental Property Owners

In the videos below Mark J. Kohler is talking about tax advice for rental property owners so you can maximize your earnings.

We had Mark on episode #180 of our podcast and we chatted about the mistakes that landlords make when setting up an LLC to protect their rental properties.

Mark agreed to share more of his resources on tax and legal strategies. In these videos you can learn more about tax strategies to help you maximize your rental income.

tax advice for rental property owners

Deducting Losses On Your Rental Properties

In this video Mark breaks down strategies on deducting losses with your rental properties. Everyone who owns rentals will have losses each year and this is valuable tax advice for rental property owners.

Mark talks about short-term vs. long-term and how you can structure your business to maximize your write-offs.

The IRS will classify your losses in one of three categories. You can learn more about each topic in the video.

  1. Passive Investor
  2. Active Investor
  3. Real Estate Pro

Travel Expenses And Your Rental Properties

Travel expenses can really add up unless you’re deducting them as a business expense. In this video Mark shares a story of how he bought a duplex right by his in-laws and was able to deduct a considerable amount each year because they were working on the rental when they would visit.

Travel items include the following:

  • Airfare
  • Rental + Gas
  • Taxis/Uber/Lyft
  • Hotels
  • Valet + Tips

Watch the video to learn how to maximize your travel write-offs.

Self-Directed Retirement Plans For Your Rentals

Your broker might not want you to watch this video.

In this video Mark talks about how you can use an SDIRA (self-directed IRA) to setup and invest with rentals.

He breaks down how you can self-direct your retirement plan and invest in what you know best. Here are some examples of what you can invest in.

  • Real Estate
  • Notes
  • Tax Liens
  • Mobile Homes
  • Franchises
  • Small Businesses

To download Mark J Kohler’s Free Weekly E-Newsletter on important tax and legal topics visit here: www.markjkohler.com

To schedule a free interview with an Attorney or CPA on Mark’s team, please call 888-801-0010.

To purchase access to ALL of Mark’s 70+ Tax and Legal videos and have lifetime access, with regular annual updates and new videos, check it out here: https://markjkohler.com/product/tax-legal-library/