[00:00:05] Speaker A: Welcome to the short term show.
[00:00:08] Speaker B: The show about short term rentals and long term wealth with real property owners hosting real properties who are crushing it.
[00:00:16] Speaker A: In the vacation and short term rental space.
[00:00:19] Speaker B: And here's your host, Avery Carle.
[00:00:29] Speaker C: Hey, y' all. Welcome back to another episode of the short term show. I'm your host, Avery Carl and we have one of my favorite guests here. But before I introduce him, I got to tell you a couple stuff. We are hiring agents in Orlando, Park City, Shenandoah and the Outer Banks. Also the Smoky Mountains in Tennessee. Email careers at the short term shop.com if you think you might be the right person for the job. Now, without further ado, I'm going to introduce Yonah Weiss. You may have run across him if you have been at any real estate investing conference in the last five or six years. He seems to be at all of them. But today we are going to talk about cost segregation studies. What that is how they benefit you. Yona is the best in the business at those. He's the guy you want to call if you need to do one.
So anyway, I'll let him introduce himself now. How's it going, Yonah?
[00:01:22] Speaker A: Thanks so much, Avery. Pleasure to be here. I really appreciate it. Great to be back.
I'm a big fan of the short term show, the short Term shop in general. What you guys have been doing over the past five, six years is also nothing short of amazing. So kudos to you, congrats to the success and yeah, excited to be here to talk about a subject that oftentimes is confusing, especially to newer investors who may have not even heard of anything called, called cost segregation. So excited here to. To break it down and simplify it.
[00:01:55] Speaker C: Yes, I think we definitely need this and on either side of this episode. So last week and next week or one or the other, I'm not exactly sure how we're going to schedule it, but we do. We are talking to an actual cpa. So they're going to be using words like cost, seg and things like that. So we want our listeners to truly understand what that is when they're hearing it. So I've just decided it will be after your. Your episode. So, Yona, what is a cost segregation study? Let's just start at the very beginning. What is that?
[00:02:25] Speaker A: Very simple. It is a, an advanced form of depreciation. And so we got to take a step back and understand what depreciation is. Any time you buy a property, besides for your primary residence, the government allows you to take an income tax deduction. An income tax write off of the total value of, of that property. Okay, so that's called depreciation. Now it doesn't actually mean that your property is going down in value. It's just a name, it's a borrowed term. It's the name of a deduction that allows you to write off the value over a long period of time as if the property were going down in value. So depreciation generally speaking is over a 27 and a half year schedule for long term rentals or for multifamily. But for short term rentals and other commercial properties, it's over a 39 year schedule schedule, which means that, you know, you buy a property and you're able to take like 2% basically of that property value as a deduction every single year. That's what's called depreciation. Cost seg, or cost segregation, like I said, is an advanced form of that. It's breaking down the property into its components and showing how certain components of that property actually depreciate faster on a five year or 15 year schedule, which allows you to take bigger tax write offs in the earlier years. So if you were to ask, right, what's a conservation study? Think of it like this. It's a cash flow mechanism. It allows you to take bigger tax deductions during the earlier years of ownership to reduce your tax liability, have more cash in your pocket. And you know, it's a complicated process and happy to kind of break it down today of what that entails, but that's in a nutshell, what it's all about.
[00:04:06] Speaker C: Yeah, let's, let's break it down for the listeners who may not be as familiar with what this is. So who can do one of these? Can anybody do one?
[00:04:14] Speaker A: Anyone can do a consequence study. However, there are certain limitations to how you can use the benefits of the consequent study and the depreciation deductions. And this is probably one of the most important things, and you may hear about this on the, the other episode where the CPA is probably going to be breaking down something called the material participation rules with short term rentals. Simply it breaks down like this. Depreciation is considered a passive deduction. Well, if you have a, you know, a job you are in, you have a W2, 1099, whatever it is, you're making money, that's called active income. And you're only able to use depreciation to offset passive income. What's passive income? Passive income is your rental income, your real estate income. Okay, There are a Couple exceptions to that rule. So again, doing a conservation, anyone can do it, right? But who can benefit from it? That's going to be where the limitations come in. So if you are a full time real estate professional like Avery, like any of the brokers, right, in the short term shop, you guys automatically get that status of a real estate professional because you're full time in the business. You now have this golden ticket that says you can use depreciation, you can use cost segment to offset any source of income whatsoever. However, if you are not, then you have to use what's called the short term rental quote, unquote loophole. It's not really a loophole but it says that if you work full time and obviously if you guys are part of the short term shop, you are going to be self managing your properties, right? You're not handing it off to a third party, that's for sure. Right, because that's, I think Luke would.
You don't have a fit if you guys did that. But the point is if you are self managing then you can show that you're materially participating in self managing. That and now there are certain thresholds that either a hundred hours or five hundred hours, et cetera. I'll let the CPA episode go into more details on that. But essentially what that allows you as a short term rental owner to do is you can now use cost seg to offset your active or your W2 income as well. So again anyone can do a cost seg but you may have limitations to be able to use the depreciation deductions against other sources of income besides your passive your rental income.
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[00:07:18] Speaker C: Guys, let me. I'm gonna dumb that down a little bit for people such as myself.
Here's what he here's what this means. So if you're somebody who maybe you don't have to be a high income W2 earner, but a lot of high income W2 earners like doctors, attorneys, I don't Know why I'm giving you examples? You guys know who makes a lot of money, use this strategy a lot because essentially what the short term rental tax loophole is, which is completely legal. Again, it's the way that the tax code is written. We're going to talk to Brandon hall about that next week.
Here's what it is. You can use the depreciation from that cost segregation analysis to, in order to pay less taxes on your W2 income. So if you're somebody who has to pay a lot of taxes because you make a lot of money, you can buy a vacation rental probably in a place that you really like to go with your family. You want to use some yourself, that's allowed with limitations.
You can buy one of those and it will save you money on your taxes over here at your job, which is really, really cool. That's the only asset class where you can kind of cross that barrier of passive to active income with offsetting through depreciation.
[00:08:28] Speaker A: Yeah, exactly. And it's huge. So I think I've had hundreds of clients who are owning short term rentals and using this strategy to reduce their tax liability in many cases to zero. And in some cases had people be able to retire from their full time job to be managing or one spouse, one of a couple will manage self manage the short term rentals and be making more money after taxes because of the tax savings than they would had they been working full time.
[00:09:01] Speaker C: Yeah. So guys, something I want you to take away from this is that investing in real estate isn't necessarily only for making more money. It's about how to keep more of the money that you are making. And this is one of the best ways to do that.
So Yona, is there any particular type of property that is better or not better, worse for doing a cost segregation analysis?
[00:09:26] Speaker A: Yeah, I mean there certainly are.
The reason why is because we have, like I said earlier, we're going to be breaking down the property into different components. And certain components the property are going to be depreciating over a five year period. And those are the things that are non structural inside a property which can include furniture, fixtures, appliances, even things that are, you know, like the flooring or if take a cabin in the Smokies. Right. Very classic. You have the wood paneling inside. All of that is considered five year depreciation.
You have things outside of the property that are going to be on a 15 year schedule and that is what's called land improvements. And you may have a property that has a swimming pool, the concrete in that swimming pool is going to be, you know, depreciating or a 15 year schedule. And the reason why that's important is because you may have certain properties that are like a condo where you basically just own the walls in. And so you're going to have this structure that's the 39 year property and then the, the interior one which may be the furniture, appliances, et cetera. But you're missing out the land improvements, the things that may be outside that may have a higher depreciation threshold with that 15 year schedule. And so this is really important. So that's going to be which types of properties are going to have more or less. So on the high end of the spectrum we'll break it down within the short term rental kind of feel because I think that's obviously the majority of the people that are listening to this. But obviously cost seg is not limited to short term rentals. It for any type of property besides for your primary residence. So one thing on the very curious thing just for anyone who's interested out there, a property that is on the highest end of the spectrum in terms of the benefit of the cost is a RV park or a mobile home park where you are essentially there's nothing there except for the land improvements, which means there's going to be very little structure or infrastructure on the 27 or 39 year schedule. And what you're basically owning is the land improvements. Land itself does not depreciate, so always going to subtract a certain value for the land. But the land improvements, meaning the concrete, the pavement, you have concrete pads under each home, you have gravel, you have landscaping, fencing, signage, all that stuff outside.
Mobile home parks, RV parks are on the highest end of the spectrum. But let's take a step back, bring us back to short term rentals because I think that's what most people here are and I get this question all the time. If you know, all things being equal, which property is going to be more beneficial from a cost seg. I always say, you know something, a property that has more land improvements, okay, like a bigger property with more, you know, you have a patio outside, you may have a swimming pool, you may have, you know, a lot of landscaping and pavement and things like that, a gazebo, all that kind of stuff adds up to that 15 year schedule. And that's going to, whenever you have more 15 year property, the that's going to reduce the amount of the 39 year, the structural value in the property. And so that's where you're Going to have more benefit on the costing.
[00:12:19] Speaker C: Oh, wow. So I wasn't aware of that. So more of the. The exterior, like improvements to the land than the actual structure of the property. That that helps. It helps you save more on the tax benefit than if it was just the structure.
[00:12:34] Speaker A: Exactly. As opposed to like a condo or a townhome or something where it's, you know, very little.
You may have like a beachfront property. Right. That has almost nothing. Right. You got like a little tiny. A driveway or something like that, but not much else.
[00:12:48] Speaker C: Okay. And I think that's really important to call out too, because I think a lot of people, when they think, okay, I'm going to go, I'm going to buy something so that I can do a cost segregation analysis so that I can offset my taxes. And they hear, okay, we need lower land value, higher everything else value. Then they go, oh, cool, I'm going to go buy a condo because there is no land value and think that they're going to get like 100% on that. But that's not necessarily correct.
[00:13:12] Speaker A: Exactly. And it's really important.
Like you said, you may hear this right, costing is going to be great. I'm going to be helped reduce my tax liability. But not all properties are created equal. And so you may have one property that's going to get you 20% or 30% of the total value of the property is going to be in that faster depreciation where you're going to be able to accelerate that depreciation. And then another property may be 15% of that. And so again, a really important to look at each property individually. And that's one of the reasons why we always like to run a free feasibility analysis, a free estimate upfront. When you're looking at properties, and I have people reach out to me, they're looking at two different properties and they're like, which one is going to help save more taxes? We'll run the numbers and you can see ahead of time and kind of make that decision. But that being said, I will kind of make a caveat there. You should not be investing for the tax benefits alone. Obviously the property has to make sense, the value, et cetera, the extra benefit that comes along with the cost seg. With the depreciation is. I like to think of it like the icing on the cake. It's certainly beneficial, but it shouldn't be necessarily your decision making.
[00:14:25] Speaker C: Totally agree with that. Because you can only use this one time at the beginning, in the first year you buy it.
So you don't want to buy something that doesn't make sense. It doesn't cash flow just to get the tax benefits. And then after you use that year one, then you're stuck with a property that doesn't produce forever, because when you sell the property. So let's say you buy $1 million property, you call Sega, you get. Let's say we have 100% bonus depreciation just to make these numbers easy to do, and you have like, a $200,000 tax benefit.
So you do that, and then you're like, okay, I'm not making the money I thought I was going to make, or short term rentals aren't for me or whatever. I'm going to sell this. You have to pay that 200,000 back to the IRS.
So.
[00:15:11] Speaker A: Not exactly. So I want to. I want to. I want to correct you there, Avery, because that is actually. Yeah, it's a big misnomer. A lot of people think that's what recapture tax is all about. So you may have heard this thing, depreciation, recapture, and it's real. Okay. But it does not mean that you're actually paying back that depreciation.
[00:15:29] Speaker C: Oh, really?
[00:15:30] Speaker A: Yeah.
[00:15:31] Speaker C: Correct me here, then.
[00:15:32] Speaker A: Yeah, no, it's important. A lot of people get this confused because that's what it sounds like recapture means. I'm just like, you know, it's being recaptured, it's being paid back. But what recapture tax is, is a tax on the amount of depreciation taken.
So it's very different from paying back that $200,000 versus being taxed on that 200,000.
[00:15:52] Speaker C: Okay, so, yeah, all right. See, that's something I didn't even know, and I've been doing this a long time. So we all need yona guys. So let's talk about that. So let's say you did the 200,000. You're like, oh, crap, I don't want to do this anymore. I want to sell this. So what is the. What is the depreciation, recapture, capture tax?
[00:16:10] Speaker A: It is essentially like a capital gain, right? Meaning everyone knows what a capital gain is, where if you made money on the sale, you're going to be taxed on the difference, the amount of money you made. So to the depreciation recapture is you're going to be taxed on the amount of depreciation taken as an unrealized gain. However, there are a few really important things to remember about recapture tax. Number one, the tax rate that that recapture tax is at is always going to be lower than your ordinary income tax. Rate had you not done the cost seg in the first place. So there's always going to be an arbitrage, a difference of you having those tax benefits earlier versus paying it later on. So that's the first thing to remember. The second thing is there are many strategies or techniques to be able to offset or reduce or defer that recapture tax as well. Like a 1031 exchange, right? You can sell a property and exchange it for another and then you defer that recapture tax as long as well as the capital gain tax. There are other ways to reduce that tax, but simply put, you are going to be taxing it. It is important to remember that it's not just a free deduction. However, the time value of money of using your own money to reinvest during those years or however amount period of time that you are going to be holding that property is usually going to be much higher than than the actual tax you'll pay at the end.
[00:17:34] Speaker B: Are you a real estate agent that wants to work in a fun family environment?
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[00:19:13] Speaker C: See so many I get what? Anytime I mention doing a cost SEG ON or 1031 EXCHANGE or any of these strategies that we use as real estate investors on TikTok specifically I get somebody yelling at me that you have to pay it back eventually. It's not free. I'm like yeah, I know, but it's more time with your money.
Don't we all want that?
[00:19:35] Speaker A: Exactly. And again, that's one of the things, you know TikTok and BiggerPocks and all these places that I see this, this exact point, which is, you know, a misnomer, it's, it's actually incorrect. You're not paying it back. And in fact there are many, many ways where you can reduce it, defer it, or completely eliminate that recapture tax on the sale. As long as you're, you know, you're working with a good accountant who can help you with those strategies. So make sure to like, listen to the next episode with Brandon hall and find a great CPA who can help you navigate and strategize to make sure that you're maximizing your benefits.
[00:20:10] Speaker C: See guys, don't listen to people that yell at you on TikTok.
[00:20:14] Speaker A: That's the lesson for sure.
[00:20:17] Speaker C: We shouldn't be doing that anyway. Okay, so I have a question. Actually, Luke and I were talking about this yesterday. So let's say, and actually before I ask that question, just want to go back to make sure when you're buying something and you're thinking about using this tax strategy that the numbers work at the price and the interest rate, you're able to get it. Because you don't want to buy something and be stuck with a non performing property. You want to make sure that you're buying good real estate, not just saying, oh cool, let me save all my taxes and buying something that doesn't work, then you're stuck. So moving on, let's say, and hopefully I can.
This is not a difficult question. I am going to have a difficult time articulating it in an intelligent way. So hang with me.
Okay, so let's say you buy a property for $500,000. We do that cost seg. We have it for a few years or maybe a year, whatever long we have, it doesn't matter. And then we're like, you know what I think I don't like this property. I don't like this. It's doing fine. But I don't like this market. Or maybe I want to bring my money closer to home. Whatever reason you have.
So you're like, okay, I don't, I don't love this. Let's 1031 exchange it. Don't have a ton of equity yet. Not necessarily looking to, you know, buy a million dollar property, but let's say, you know, I buy something for 5001000 because it has to be more expensive than the last one. Can I then cost seg the new property and get the full benefit of whatever it would have been for that new 500,000. So essentially, can I double dip. Having cost the first one 1031 exchange and then cost seg the second one and get the same benefit that I got on the first one.
[00:21:54] Speaker A: So in your example, where the cost is essentially the same, so you can't really cost seg it twice because your basis, when you do a 1031 exchange, your tax basis, the amount of depreciation you can take actually carries over, meaning you don't get to reset your depreciation. However, just to kind of take a step back, when you buy a property free and clear, or you buy a property without a 1031 exchange, the depreciation is completely subjective to you as the owner. Which means if you buy a property for 500,000, you're now starting point of depreciation is 500,000. If you buy a property, the same property gets sold the next year to a different person for a million dollars. They get to start depreciating it based on a million dollars. So the property is always going to be subjective to you. However, when you're doing a 1031 exchange, the depreciation carries over, which means you don't get to reset that basis. The amount you can depreciate, which means if you already took a large portion of depreciation, that's going to reduce your basis. That means that's going to be now your starting point. So in your case, you know $500,000 property and you did $100,000 of depreciation, your new starting point of in a new property is only going to be 400,000 because you've already taken $100,000 of depreciation. However, if you did a 1031 and you decided to add more equity into that, even if it's financed, which is the amazing thing, even if the bank gives you a loan for $500,000 and you buy a million dollar property, so now the new money that's in the property again, even if it's finance, even if it's not coming from your pocket, that new money can be depreciated from new. Which means your basis is now going to be that million dollar property is now going to be at 900,000. Because remember the first property was 500. You took $100,000 depreciation, left with 400. Now the new property buy for a million, you exchange into it, add $500,000 of equity.
Now your new basis instead of the million dollar purchase price is going to be 900,000. So you can do a cost seg on that new property and you're going to have A much higher basis at that point.
[00:23:58] Speaker C: Okay, so instead of being able to cost seg on the full million, you just subtract the $100,000 benefit that you already had and you can cost segment the rest of it. Right?
[00:24:09] Speaker A: Exactly, exactly. Exactly.
[00:24:11] Speaker C: Gotcha. Okay. Yeah, that gets, that gets very confusing.
[00:24:15] Speaker A: It does. And again, this is really goes back to the same point. We're gonna, you know, beat that that horse. Make sure to have a CPA or tax advisor who is helping you navigate these things because it can get very confusing. And you know, whenever you're dealing with anything with taxes, you want to make sure that you are 100% compliant because, you know, God forbid you, if you're ever audited and things are not 100% compliant, then you can get into trouble.
[00:24:40] Speaker C: Yes. And I'll go ahead since we mentioned it several times and give you guys a few great suggestions. I do not do affiliate fees or anything like that. This is just people that either I use or my clients have used and had great success and love them. Amanda Hahn, Brandon Hall, Carlton Dennis and Ryan Bakey. There's four really great options for you. So go find them on social media, follow them, check them out, because those are all really good ones. And your CPA does not have to be local to you. They can be wherever. So you can go hire any of these guys or gals and, and use them for tax strategies. So highly, highly recommend hiring a tax strategist. Not just using, you know, your brother in law, that's a CPA if you're investing in real estate, because there are some really specific things. It's just kind of like doctors, you know, you're not going to go see radiologist if you think you have cancer, so you're going to go see an oncologist because they specialize. Same thing with CPAs. There are CPAs who specialize in real estate. Just gave you four great names, so check them out.
[00:25:43] Speaker A: Awesome. Absolutely, I agree with that.
[00:25:46] Speaker C: All right, so is Yona, is there any scenario in which you might be buying a short term rental in which you should not do a cost segregation?
[00:25:56] Speaker A: There are a few scenarios and the first one we kind of mentioned, we touched on at the beginning, which is can you benefit from it? Right. That's always going to be the number one rule, is that are you actually going to have a tax liability? Number one, meaning if the property's not making any money and you can't use those deductions, then it makes no sense. But also can you benefit? Meaning are you making sure to either be that real estate professional or hit the material participation requirements that come along with short term rentals to be able to now use those deductions against your active income as well. Those are going to be the first two things that are more about you than the property itself.
The things that have to do with the property is we mentioned also about the recapture tax and that coming at the sale, if you're planning on holding a property for a very short period of time, I'd say, well, you know, obviously less than a year, but even less than two years, it may not be a good idea to do the cost because yes, you will have some time value of money, but that recapture tax will come much quicker and you'll have much less benefit in there.
The most important factor though, however, is the actual cost of the property.
If it's under, usually I say about $200,000 purchase price, then there's going to be very little benefit there in terms of how much you can save on your taxes because there is a cost. There's a fee of get, you know, to do the cost irrigation and the after tax benefits. Once you take all the deductions under $200,000, there's still going to be benefit there, but it's not going to be significant enough in my opinion to get it done. But anything above that, it's certainly worthwhile to look into.
[00:27:36] Speaker C: Yeah, that makes a lot of sense. And guys, don't forget if you choose not to do this, you're still able to take the depreciation just in smaller increments annually than bumping it all up to the beginning.
[00:27:47] Speaker A: Exactly. And like I said, it is a tax strategy. It's not going to be for everyone in every occasion, but it's certainly worthwhile to look into for sure.
[00:27:55] Speaker C: Yeah. And at the time we're recording this, we are still at 40% bonus depreciation. This is what month is it? May of 2025. And as of right now over the weekend, the bill where this is written in that it may be coming back to 100% bonus depreciation is looking like it's going to go through. It's the end stages of the House and then we'll have this Senate. So hopefully it will go back to 100%. But right now we're at 40. Just to clarify so I don't get again yelled at on YouTube, the other favorite place of people to yell at me for not mentioning that. So now it's been mentioned.
[00:28:35] Speaker A: Yeah. And just to kind of give a little context for our listeners who may not be familiar with what that bonus depreciation is about and how, what it means that it's coming back to 100% bonus.
Essentially, when we do a cost segregation study, remember we're going to be breaking down certain components in that property into a 5 year or 15 year schedule. Oftentimes it can be up to 20 or 30% of the value of the property. That's going to be in those faster accelerated depreciation schedules of five or 15 years.
What happened was about in 2017, there was this huge tax reform called the Tax Cuts and Jobs act, called Trump's tax reform and it introduced a new rule called 100% bonus depreciation, which said once you've done a conservation study and have allocated those certain components, those faster lives, Those faster depreciation, 100% of those deductions can be taken upfront in the first year, which means you don't have to spread them out over that five and 15 year period, which in of itself is great. But you can now take this lump sum in the first year. So illustration purposes bought a million dollar property, subtract a little bit for land. Let's say you take 20% and you're left with, you know, $200,000 just to keep round numbers. That $200,000 of depreciation can now be taken in the first year instead of spread out over a five year period. That's what bonus depreciation, 100%. In that tax rule, that tax reform, the bonus depreciation was phased out, which means in 2023, you know, between 2017 and 2022 it was 100%. In 2023 it went down to 80%. Bonus 24 went down to 60%. And this year in 2025, it's down to 40% bonus, which means you can take 40% of those accelerated deductions as a lump sum in the first year. The remaining 60% of that will still be spread over those faster five and 15 year periods. Now, the 100% bonus is huge and probably the biggest benefit that was in the short term rental space and in many real estate spaces for a long time. And so we're very much looking forward to this coming back. And as Avery mentioned, it was introduced in a draft of the big beautiful tax bill that's coming out shortly. And it's very likely that the 100% bonus depreciation is going to be coming back specifically for the 2025 tax year. And for the next five years it will be 100%, which means it's going to be a bright future. However, 20, 24, 23, etc. Are still going to be, you know, the 60 or 80% respectively, that it was. And it's really important to remember that the cost seg or the bonus depreciation amount, the percentage is always going to go after when the property was placed in service. So if you bought a property back in 2018 and never did a cost seg on it or in 2020, you can still do a cost seg today, you don't have to do it in the first year. And you can still get the 100% bonus depreciation because again, it goes on based on when the property is placed in service. And since those were years where there was 100% bonus, you can still get the 100% bonus depreciation.
[00:31:37] Speaker C: Oh, okay. Love that. Love that. So you don't have to do it the first year.
[00:31:43] Speaker A: You do not. No. It's always good to kind of get things set up in the right way from the beginning, but you do not. And if you decide to do a cost seg in a subsequent year, you don't need to amend your tax returns in order to do so. So that's another great thing.
[00:31:59] Speaker C: Awesome. So something that I thought about while you were talking. Is there a difference between bonus depreciation and accelerated depreciation? Because I hear both of those terms and other people probably do too. And what is the difference?
[00:32:11] Speaker A: If so, yeah, accelerated depreciation just means that things are on a faster schedule. So technically speaking, bonus depreciation is a form of accelerated depreciation because it is putting the depreciation on a faster schedule. The straight line depreciation would be on that 39 year schedule. So anything on a faster, the 5 year or 15 year or the bonus depreciation would take it in one year. All of those would be considered accelerated depreciation. So accelerated depreciation is kind of more like a general category which includes a lot of things. And if you really, really, really want to get technical, if There are some CPAs that are listening to this and like, hey, that's not what accelerated depreciation really means. Right. There's. It actually technically is not any of that. Right. It's just what we use in the industry to call it accelerated, you know, cost like depreciation. But technically speaking, it has to do with what's called a double declining balance or 150 declining balance and etc. Essentially a way to accelerate the depreciation even within that 39 year schedule. There's a method to kind of slightly accelerate deductions to the earlier years, but no one really talks about that. And so it's kind of irrelevant. But in case there are some CPAs listening, like, hey, why don't you talk about double declining balance? Well, there you have it.
[00:33:30] Speaker C: Yeah. Super dorky. We're not getting that dorky on this.
Okay, Yona, we're coming to the end of our time together. Is there anything that we haven't talked about in terms of cost segregation analysis that our listeners need to hear?
[00:33:45] Speaker A: There are a lot of things I would say, but, you know, with. With the time frame that we have, I think we covered quite a bit. And the majority of things. I will reiterate that it's always a good idea to reach out to someone like myself and get a free estimate to find out just if it's even worthwhile. Right. Because you never know.
But also reiterate the fact that you do need a CPA who understands this as well, because getting the cost done and then bring it to your CPA who tells you you can't do this for whatever reason they decide, that's not going to work for you either. So make sure that all this is done in tandem and keep educating yourself, keep learning.
[00:34:27] Speaker C: Absolutely. And if our listeners want to follow you on social media, how can they do that?
[00:34:33] Speaker A: I'm very active on most of the platforms. Not TikTok, but I'm very active on LinkedIn, Facebook, Instagram, X, all those places. Do me a favor, though. Don't just hit that follow button. Take 10 seconds and write a little note and let me know that you listen to the short term show. I'll be grateful to start that conversation and happy to help in any way.
[00:34:53] Speaker C: All right, so there you have it. I am at the Avery Carl and the short term shop is at the short term shop. Yona, thank you so much for coming on. Always. I always learn something, so thank you very much.
[00:35:06] Speaker A: Pleasure. Thank you for having me.
[00:35:18] Speaker C: Sam.
