If you’re a landlord or property owner looking to increase your rental income, this is a must-listen episode! Dive into the first part of this new series about a must-have tool that can improve your rental revenue and profit.

Key takeaways to listen for 

• A must-have tool for real estate investors
• Benefits of having an effective and interactive website
• Ways to efficiently save tenancy application records
• Highly recommended websites to market your deals online

Resources mentioned in this episode

• Carrot website
• Paintedladyinc.com
• Landmark Real Estate
• Stanley Housing

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Website: Mike Butler Real Estate
• Podcast: 5 Hour Real Estate Week
• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

In today’s episode, we’re wrapping up our six-part series with Eric Shadowens, CPA, as he continues to impart his knowledge on effective tax planning, tax deadlines, and more! So press play if you want to gain maximized profits in your business today.

Key takeaways to listen for 

• Tax due dates every investor should remember
• Why you need to work closely with your tax advisor
• Guidelines for choosing the right tax advisor for your business
• Importance of using accounting software and knowing your numbers
• Roth IRA vs. traditional IRA: What they are and which one is right for you

Resources mentioned in this episode

• Investor Books Pro System
• Tax Free Profit & Income For Life
• TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, Part 3, Part 4, and Part 5
• Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com

About Eric Shadowens, CPA

Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

Connect with Eric

• LinkedIn: Eric Shadowens CPA
• Email: [email protected]
• Phone: 502-326-2319

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

Do you check on your strategies for making the most of your real estate assets? Consider adding tax-saving tactics to your list as Eric Shadowens CPA explains his unique system of understanding taxing brackets with different business entities. Catapult your profit and hop into the conversation! 

Key takeaways to listen for

• Limited Liability Companies: What they are and how they impact your real estate business
• The importance of operating agreements in an LLC
• Pros and cons of being taxed as an S corporation
• Why a C corporation might be beneficial to today’s investors
• How to know if a C corporation is the right entity type for you

Resources mentioned in this episode

• Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com.
• TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, Part 3, and Part 4

About Eric Shadowens, CPA

Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

Connect with Eric

• LinkedIn: Eric Shadowens CPA
• Email: [email protected]
• Phone: 502-326-2319

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

Tap into the wisdom and expertise of Eric Shadowens, CPA, in the fourth part of this series as he discusses rental property tax rules and other essential information you need to know to minimize your taxable income. Keep upgrading your real estate knowledge by tuning in!

Key takeaways to listen for 

• Tax differences between short-term and long-term rentals
• Easiest ways to cut your losses in real estate
• How to maximize the tax benefits from your short-term rental property
• Disadvantages of hiring a property manager for your properties 
• How many days can you use your rental property for personal purposes?

Resources mentioned in this episode

• The Home Depot
• MileIQ
• TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, and Part 3
• KBKG
• BiggerPockets Real Estate Investing Forums
• Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9
• Ep2: Identifying Resources for FAST Cash - Course 2/9
• Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9
• Ep4: Run Your Numbers - Course 4/9
• Ep5: Mike Butler’s Investor Pledge - Course 5/9
• Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9
• Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9
• Ep8: EDUCATION - Course 8/9
• Ep9: MARKETING - Course 9/9
• Ep10: 41% of Deals From Follow-Up

About Eric Shadowens, CPA

Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

Connect with Eric

• LinkedIn: Eric Shadowens CPA
• Email: [email protected]
• Phone: 502-326-2319

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

Catch your next profitable opportunity in the third part of this series with Eric Shadowens, CPA. Learn sharp tactics to help you make the most of your assets. So if you want to maximize the advantages of selling your property, this is the episode for you.

Key takeaways to listen for 

• The power of using 1031 exchange to defer your capital gains tax
• 4 types of 1031 exchanges you need to know and why
• Different ways to apply a 1031 exchange in a fix-and-flip home
• The Augusta Exemption: What it is and how to leverage it for your business

Resources mentioned in this episode

• Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com
• TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1 and Part 2
• Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9
• Ep2: Identifying Resources for FAST Cash - Course 2/9
• Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9
• Ep4: Run Your Numbers - Course 4/9
• Ep5: Mike Butler’s Investor Pledge - Course 5/9
• Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9
• Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9
• Ep8: EDUCATION - Course 8/9
• Ep9: MARKETING - Course 9/9
• Ep10: 41% of Deals From Follow-Up

About Eric Shadowens, CPA

Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

Connect with Eric

• LinkedIn: Eric Shadowens CPA
• Email: [email protected]
• Phone: 502-326-2319

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

As we continue with the second installment of this series with Eric Shadowens, CPA, he lays out a few strategies to better understand depreciation and cost segregation for tax planning. Take advantage of the tax-saving opportunities in real estate by listening to this episode today!

Key takeaways to listen for 

• What is cost segregation?
• Engineered vs. small cost segregation
• Reasons why passive investors shouldn't use cost segregation
• Benefits of cost segregation in real estate investing
• The value of bonus depreciation
• Why seeking tax advice prior to cost segregation is important

Resources mentioned in this episode

• Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6
• KBKG 
• BiggerPockets Real Estate Investing Forums
• To get the latest IRS Publication 527 for Rental Properties for FREE, go to mikebutler.com/527
• Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9
• Ep2: Identifying Resources for FAST Cash - Course 2/9
• Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9
• Ep4: Run Your Numbers - Course 4/9
• Ep5: Mike Butler’s Investor Pledge - Course 5/9
• Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9
• Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9
• Ep8: EDUCATION - Course 8/9
• Ep9: MARKETING - Course 9/9
• Ep10: 41% of Deals From Follow-Up

About Eric Shadowens, CPA

Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

Connect with Eric

• LinkedIn: Eric Shadowens CPA
• Email: [email protected]
• Phone: 502-326-2319

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

Let’s kick off this new series with our guest Eric Shadowens, CPA, to learn all you should know about Form 1099, 1098, and 1096. To become a more responsible real estate investor through his tax expertise, you must hear this episode!

Key takeaways to listen for 

• The ins and outs of filing Form 1099
• What is a “backup withholding”?
• Form 1098: What it is, its purpose, and filing process
• Requirements and due dates for Form 1099 and 1098
• The importance of Form 1096 in filing tax forms 

Resources mentioned in this episode

• Eric Shadowens CPA on LinkedIn: 1099 Forms
• To get a copy of the Independent Contractor Agreement form, go to https://www.mikebutler.com/join and join Mike Butler’s Gold Membership 
• Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9
• Ep2: Identifying Resources for FAST Cash - Course 2/9
• Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9
• Ep4: Run Your Numbers - Course 4/9
• Ep5: Mike Butler’s Investor Pledge - Course 5/9
• Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9
• Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9
• Ep8: EDUCATION - Course 8/9
• Ep9: MARKETING - Course 9/9
• Ep10: 41% of Deals From Follow-Up

About Eric Shadowens, CPA

Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

Connect with Eric

• LinkedIn: Eric Shadowens CPA
• Email: [email protected]
• Phone: 502-326-2319

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

As a property owner, you may often be in a challenging situation when squatters reside in your buildings. Learn how to prevent this and some safety measures while vacating the property from informal settlers. 

Key takeaways to listen for 

• How to ensure your personal safety before entering your property
• Everything you need to know about squatter prevention
• Things you should say and do when entering your rental property

Resources mentioned in this episode

• SimpliSafe
• Landlording on AutoPilot by Mike Butler
• Sign up for the Power Lunch training at https://www.mikebutler.com/PowerLunch

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

Don’t let the rising interest rates stop you from acquiring your next investment property by learning what you need to do in this episode. Keep listening so you can get creative with your investing and financing strategies and thrive in this shifting market!

Key takeaways to listen for 

• The best investing strategy to do when interest rates are high
• What’s the biggest change in the real estate market today
• An expert’s perspective on thriving during market shifts

Resources mentioned in this episode

• Ep85: Get Ready Now for Super Inflation
• Ep96: Are You Ready For The Big Upcoming Market Changes?
• Ep112: How To Conquer Rising Interest Rates | Mini-Course Part 4 of 9
• Ep114: Comfort Zone Test to Kill Your Fear of Rising Interest Rates | Mini-Course Part 6 of 9
• To try out Mike’s “Take Over Payments” system, go to www.jumpingloans.com
• Join the LIVE 3-day Bootcamp on how to buy without banks. Registration is soon to be available at https://www.mikebutler.com/
• Landlording on AutoPilot by Mike Butler
• Sign up for the Power Lunch training at https://www.mikebutler.com/PowerLunch

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA

If you have a real estate business, tune in to this episode to get creative holiday gift ideas for your tenants, employees, family members, or strangers while advertising your business simultaneously. 

Key takeaways to listen for 

• Where to buy affordable and custom-made gifts this holiday season
• Why you should consider giving coffee cups as gifts
• A crucial advice to absorb when gifting ball caps
• The effectiveness of customized calendars for advertising

Resources mentioned in this episode

• Sierra
• 4imprint
• Foil stamp key chain/tag on Google
• Cheap peel and tick calendar on Google

Connect With Us

To learn how to consistently buy real estate working just 5 hours a week, click here. 

Follow Mike on Social Media

• Facebook: Mike Butler
• LinkedIn: Mike Butler
• Instagram: @mikebutlerusa
• Twitter: @MikeButlerUSA