The Tax Benefits of Owning and Operating a Business in Real Estate with Natalie Kolodij
Weiss Advice
English - October 02, 2022 11:00 - 28 minutes - 19.5 MB - ★★★★★ - 231 ratingsInvesting Business Entrepreneurship advice apartment investing real estate commercial real estate multifamily investing cost segregation cre linkedin real estate investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Natalie Kolodij is an IRS Enrolled Agent who has been involved in tax and real estate since 2014. A long-time bigger pockets moderator, she has a passion for all things real estate. In 2017 she founded Kolodij Tax and Consulting, a real estate exclusive tax firm. When she's not working she enjoys reading, traveling, and making pottery.
In this episode, Natalie shares her experience being a moderator on Bigger Pockets and the various tax benefits of owning and operating a business in real estate. She discusses a few examples such as bonus depreciation, cost segregation, and the gas station loophole. Tune in to learn more!
[00:01 - 09:24] Opening Segment
Welcoming Natalie to the showBrief background and careerWhat is it like to be a moderator on Bigger Pockets?[09:25 - 22:13] Real Estate Tax Strategies
The short-term rental market has its own rulesHow active do you need to be to manage an Airbnb?Bonus depreciation is a tax break that can be used to write off expenses related to owning or operating a businessGas stations are an undervalued asset class that could be worth investing inNatalie talks about not staying in a little four-by-four box[22:14 - 28:24] THE FINAL FOUR
What's the worst job that you ever had? What's a book you've read that has given you a paradigm shift?Go for No by Richard FentonWhat is a skill or talent that you would like to learn?What does success mean to you?Quotes:
“Keep your eyes open! There’s no wrong way to do real estate.” - Natalie Kolodij
“It’s not like most people want a jet and be billionaires. Most people just want to be able to take family vacations and take Fridays off for barbecues and all those things.” - Natalie Kolodij
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