Keep More of What You Make: Short-Term Rental Tax Strategies With Jonathan Lazzarino

Well, that's a really good question. Um, I wasn't used to the type of volume that Avery and Luke gave me, so I learned a lot. This is kind of strange answer, I think, but I learned a lot about how even if you're doing well, that you have to offset your taxes.

Mm-hmm.

Because the first year, I was doing more volume than I'd ever done in Texas and, uh, and I just wasn't as prepared as I've become.

Mm.

So that was one valuable lesson, is that it's not necessarily how much you make, but it's how much you keep.

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Welcome to the Real Estate Pros Podcast. I am your host, Q Edmonds, and I am excited to be here today. I have a fantastic guest. He's an agent, but also a seasoned investor. And so this is what I live for, is to be able to look through the lens of other people experience so we can just learn from what they're doing, how they did it, their special niche, special sauce. So I'm excited. I'm excited today because we get to learn from Mr. Jonathan Lazzarino. [laughs] How are you doing today, sir?

I'm doing well, Q. Thanks so much for having me. I'm really looking forward to this and, and you nailed it. Nailed the last name. I appreciate it. [laughs]

I appreciate that, man. I believe putting respect on people's name. Also, I believe time is our much, most precious commodity. So I'm gonna say this now and I'll probably say it again. Thank you for your time, sir. Thank you for being here. I greatly appreciate it. I love to dive right in. So I would love for you to tell the people what's your main focus these days? If you don't mind, give us a little origin story, kind of how you got into the spaces that you're in, and then tell them where you are in the world. People love to know where people are geographically. And so, Mr. Jonathan, sir, you have the floor, my friend.

Thank you, Q. I appreciate that. Yeah, so, so I help people with short-term rental investments and also second homes that they like to offset their income over in the coastal Alabama area, which would be Orange Beach, Gulf Shores and Fort Morgan. And, uh, I've helped a lot of people achieve success through, through doing that. I got into this, uh... So I've always loved real estate.

Mm-hmm.

I started out with long-term rental, uh, helping, actually helping my parents with long-term rental investing, and I just always enjoyed that. And then I actually moved to Texas for a while and got into real estate, helped a lot of first-time home buyers and got into, became a realtor with that, my ultimate goal being to help me with my real estate investing, which was always my passion. And, and anyway, I enjoyed that. I learned a lot, but I realized I would