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๐Ÿ  Lower Taxes w/ Ryan

1.1k members โ€ข $1/year

RE Tax Prep Community

362 members โ€ข Free

3 contributions to ๐Ÿ  Lower Taxes w/ Ryan
Give me a like and tax saving & bookkeeping tips
Happy New Year! I'm relatively new to the group and looking to climb up from rock-bottom (in this group). My husband, Trevor & I together have 4 STRs, currently building another, and looking to invest in a couple more in 2026. We need tax savings tips to keep money in our pockets rather than giving it to Uncle Sam to blow. That money will allow us to build our portfolio stronger. I'm also looking for bookkeeping tips. I'm not a numbers person, but feel like my recordkeeping & organizational skills are there so that I can do it with a little direction. (I get started and then start questing whether I'm tracking and categorizing all the right things.) Any tips or recommendations would very much be appreciated. If you don't have anything to add, a like would be much appreciated so that I can climb up from rock-bottom. Thanks!
0 likes โ€ข 3d
@Pearl Gupta I use quickbooks and it costs so much. Does REI Hub work well if you have more than one property you are managing
Always learning with Ryan
Been using Ryan and his team for a few years and I always feel like I am learning something. I want to to start getting more proactive with Short Term Rentals and purchase another one, since my kids are becoming more independent of me. So far we have one short term rental and one mid term rental and my husband who has a W2 is starting to get into mentoring people . He has mentored 3 couples this year teaching them how to get on their own. We also manage 2 other mid term rentals for couples who just want to collect the cash. Its been a fun hobby for us.
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Putting STR mortgages into LLC's
Hi- we are restructuring our growing STR portfolio and needing to put each of our properties into LLC's. We have 4 STR's. Should we put each property into into it's own LLC or we've also been told we could put 2 properties into 2 LLC's. Look forward to hearing about other people's experience.
1 like โ€ข 3d
Im just started getting LLC's for each property and now going to give each on its own bank account. Its a lof of work initially but I think it will be worth it. I also do my own accounting so im looking forward to that getting less time consuming.
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@celine-gonzalez-4768
Married, 3 kids, still learning about life and STR's

Active 17h ago
Joined Jan 16, 2026
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