Mark Kohler tells business owners to put some profits into rental property, even partial ownership. Short-term rentals work differently. Book a tax strategist now because November and December are when you can move money and lock in write-offs for the year.
Every business owner should be deploying at least some portion of their business profit into one rental a year, even if it's just partial ownership. And if you haven't pulled the trigger yet this year, if you can just close on a property and put it in service even for one day, the short term rentals are going to have a little different nuance. But this is another one to talk to your tax strategist. Our appointments fill up so quickly in November and December because business owners know tax strategies happen in November and December, not in April. We got to move the money now to make the write offs happen for 23. So having a conversation about real estate right away with your advisor could be important.
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