Avery: Welcome back to another episode of the Short Term Show, and we’ve got a really cool episode for you guys this week because we know a lot of you are probably thinking about it—it’s getting to be the season where you might want to make sure that you buy property to cost seg well. Not necessarily make sure, but you might be thinking about doing that. You might be looking at what you’ve made this year at your other job and thinking, “Oh, I need to offset what I’m going to have to pay in taxes on this somehow.” So I have two of the absolute experts, the top two in their fields, both related to cost-segregated taxes: Yonah Weiss and Amanda Han. I’m your host, Avery Carl. Amanda, we’ll start with you. Want to introduce yourself and just give a little background really quick?

Amanda: Oh sure, well, thanks so much for having me. Glad to be back. My name is Amanda Han, and what I tell people is, I am a CPA by day and a real estate investor by night. So, like many of you in our audience, I also invest in real estate. My company, Keystone CPA, focuses on helping real estate investors understand how to use real estate to reduce overall taxes, and that’s why I love being here. The short-term rental taxable poll is probably one of our favorite strategies for investors who may be still working a full-time job at a high W-2 income but doing real estate on the side. So, excited to dive into all those details.

Avery: And she’s being modest, but Amanda has two really great books. Why don’t you tell them what they’re called, so if they want to learn more about taxes and real estate investing, they can pick those up?

Amanda: Yes, of course. The first, just to let you guys know—contrary to popular belief—our books are actually very fun to read. The first one we wrote is called “Tax Strategies for the Savvy Real Estate Investor,” and then we wrote a second edition, which is “The Advanced Tax Strategies.” I believe in the advanced one is where we talk a little bit more about cost segregation and other things like that. So, yeah, I’ve had people tell me that they loved our book so much that they brought it on vacation with them. They read it at the beach, their family and friends make fun of them, but nonetheless, that gives you an idea of how exciting our textbook is. It’s really about sharing client stories on how they can save taxes when they do tax planning effectively using the right strategies, but also some tax-planning nightmares when people do things incorrectly as well.

Avery: I mean, you can find that on Bigger Pockets, Amazon, or anywhere books are sold. Awesome beach reading! Now you have Danielle Steele and Amanda Han—I love it! All right, Yonah, let’s hear from you.

Yonah: So much for having me again on the podcast, Avery. It’s always a pleasure. I love the Short Term Shop. Like Amanda, I am also, well, not a CPA but a cost segregation expert. That’s what I do as my full-time job, but the rest of the time, I mean besides for playing on social media most of the time, you can find me. I’m a real estate investor as well, so having that behind us and giving our perspective into not just providing a service for our clients but also understanding it from the weeds itself and knowing how important this is, I think gives such an incredible perspective.

Avery: Yeah, absolutely. Well, thank you guys so much for being here because I know you’re both really, really busy. So, Yonah, let’s start with you. We’re going to go through a few quick definitions. If you have further questions about other than the definitions about cost segregation in general, we’ve got a previous episode with Yonah where we go into it in detail.