Demystifying Cost Segregation with Yonah Weiss: Unlocking Tax Savings in Self Storage

Welcome back to the Self Storage Show! In this enlightening episode, dive deep into the world of cost segregation with the renowned expert and the "cost seg King", Yonah Weiss. With a unique journey from teaching to becoming a mainstay in real estate, Yona brings invaluable insights to the table. Episode Highlights: 🌟 Meet Yona Weiss: Delve into the intriguing journey of Yonah, from his days as a teacher to being associated with Madison Specs, establishing himself as the "cost seg King." 💰 The Power of Cost Segregation: Weiss unravels the essence of cost segregation, a potent tax strategy enabling property owners to amplify their depreciation deductions, significantly slashing tax liabilities. The conversation shines a light on the vitality of optimizing Google Business profiles for self-storage ventures. 📜 Tax Cut and Jobs Act 2017: Unpack the profound implications of the Tax Cut and Jobs Act, which ushered in the 100% bonus depreciation, empowering property owners to fully leverage cost segregation right from the year of property procurement. 🚫 Debunking Myths: Navigate the convoluted waters of recapture with Weiss, as he clears the air, elucidating that recapture doesn't equate to repaying all the depreciation but rather a tax on the quantum of depreciation harnessed upon selling a property. Connect with Yonah Weiss: Seeking to deep dive into cost segregation or yearning for a consultation? https://www.linkedin.com/in/cost-segregation-yonah-weiss/ [email protected] 📍 Your Self-Storage Vault: www.TheSelfStorageShow.com - Immerse in industry insights, optimize your Google Business profile, learn about 3 Mile Storage Management and stay ahead of the curve with The Self Storage Show. Engage & Enlighten: Hit the 👍 if you found value, 📢 Share to empower others, and 📲 Subscribe for our upcoming enlightening episodes!