Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode of the LearnLikeaCPA Podcast, Taylor shares his journey from a $74 million Airbnb investment to leveraging strategic insights to enhance property profitability and the nuances of real estate investing, focusing on short-term rentals. - Learn how Taylor Jones transitioned from a sales job to owning multi-million-dollar Airbnb properties and his strategies for success.- Discover the importance of automations and SOPs in managing guest experiences and maximizing revenue.- Explore the concept of "return on hassle" and why it's crucial for investors to consider this metric.- Ryan and Taylor discuss the challenges of managing multiple properties and the strategic importance of scaling up.- Insights on repositioning assets and maximizing return on equity in a high-rate environment for sustained growth and profitability.Timestamps:00:00 Embracing free time during COVID to learn.06:05 Why revenue drivers matter significantly in cabin rentals.07:56 How equity run-up leads to apartment unit sale.12:24 Long-term rental strategy and tax advice.16:36 Real estate investment: one property vs. two.24:05 How to avoid short-term, floating debt for stability.25:06 How avoiding debt pressure allows for strategic operational decisions.29:30 Focusing on slow growth and buying over building.35:44 Focusing on owning fewer, more profitable rental units.Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ver todos los episodios