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The Short-Term Shop

The Short Term Show with Brandon Hall

The Short Term Show with Brandon Hall

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The Short Term Show with Brandon Hall

Avery interviews Brandon Hall, a real estate CPA, discussing the benefits of short-term rentals for investors. They explore how these rentals can reduce acquisition costs, the impact of COVID on the real estate market, and how people are leveraging vacation rentals as both business and family getaways. Brandon shares insights into tax advantages and how real estate investors are shifting to short-term rentals.

Avery: Hey guys, welcome back to the short-term show! Today we have a very special guest that I think a lot of you are going to be really interested in hearing what he has to say. We have Brandon Hall of Hall CPAs. He is the real estate CPA, and we’re going to talk to him about how short-term rentals affect your taxes and his advice on how to handle them.

Avery: So hey Brandon, how’s it going?

Brandon: Great, thanks for having me, Avery.

Avery: I appreciate it! Yeah, absolutely. So, can we start off with you just telling us a little bit about yourself and what you do about your company?

Brandon: Yeah, so I run the real estate CPA. I’m the managing partner. We have about 20 staff full-time. We’re fully remote, so we don’t do anything on paper. It’s all up in the cloud, which is cool because we can service clients anywhere in the United States and the world. We have about 600 clients across the United States. Every single one of them is involved in real estate in some capacity. Either they’re investing, they’re running a fund, doing syndication, or they’re flipping or developing. They could be real estate agents, or real estate investors. So, we see a lot of real estate stuff. We see a lot of good stuff, a lot of bad stuff, a lot of good advice, and a lot of bad advice. Yeah, I could go on about this forever!

Avery: That is a great intro! So, are you having that many clients that are all involved in some sort of real estate? Are you seeing more people adding short-term rentals to their portfolios? People with investors with full-time jobs who are looking for tax benefits?

Brandon: Yes, we’re seeing them add short-term rentals to their portfolio, and the tax benefits that come with that can basically reduce your cost of capital, reduce your cost of acquisition, and reduce your risk of owning a short-term rental. So yeah, we’re seeing a lot of people move into short-term rentals, especially with COVID. It’s ironic, but a lot of areas where short-term rentals are thriving, even though people are relatively scared to go outside and not wear masks, are doing well.

Avery: Our clients with short-term rentals in good travel locations, destination locations, are absolutely crushing it.

Brandon: Yeah, there’s also that pull too. I have to say, I personally have benefited from that with my rentals. I think it’s just a lot of people are sitting at home bored. They’re not traveling nearly as much as they used to, so they’ve got money to spend, and if you’re within driving distance and it’s a cool location, you know, they’re booking. They’re booking up these short-term rentals. We have clients that have short-term rentals booked out for like the next year and a half. It’s insane.

Avery: Yeah, absolutely! I think a lot of people are like, “Well, I have to work from home, my kids have to go to school from home, so why don’t we go to a vacation rental at the beach or in the mountains or somewhere cool, and we can just do all this from there?”

Brandon: Yeah, yeah, absolutely.

Avery Carl

Avery Carl

Avery Carl was named one of Wall Street Journal’s Top 100 and Newsweek’s Top 500 agents in 2020. She and her team at The Short Term Shop focus exclusively on Vacation Rental and Short Term Rental Clients, having closed well over 1 billion dollars in real estate sales. Avery has sold over $300 million in Short Term/Vacation Rentals since 2017. An investor herself, with a portfolio of over 100 Doors, Avery specializes in connecting investors with short term rentals with the highest ROI potential, and then training them to manage their short term rental from their smart phone from anywhere in the world.

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