SmartStay Show - Short Term Rental Counsel + Coaching | Airbnb Hosting Tips

Protect Your Real Estate Empire - What No One Told Me (But Should Have) | Scott Royal Smith


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In today's episode, we're thrilled to have a conversation with Scott Royal Smith, founder and CEO of Royal Legal Solutions, a firm that helps real estate investors properly structure their businesses and assets. With over a decade of experience, Scott is an expert in LLCs, asset protection strategies, and tax optimization.


Real estate investors are open targets for many - renters, contractors, and tax collectors. In this episode, we discuss asset protection strategies for real estate investors, including how to properly structure LLCs and use a series LLC to compartmentalize different properties.


Additionally, we learn about tax strategies like using a series LLC to separate active and passive income as he shared lessons from building his own business over the past 10 years and how focusing on financial freedom allowed him to pursue passions like traveling and meditation retreats.


Scott has build an awesome business with a fantastic understanding of tax planning and how to structure real estate entities. So much so, that he recorded this episode during a yoga retreat!


Things we discussed in this episode:


  • How Scott built a portfolio of cash-flowing properties that allowed him to "retire" in his 30s
  • The crucial asset protection strategy that saved a friend $3 million in a lawsuit 
  • Separating active and passive income streams for maximum tax benefits
  • Using a series LLC strategy to legally compartmentalize different investment properties  
  • The importance of charging order protection for LLCs formed in certain states
  • How to anonymously own rental properties through land trusts
  • Strategies for preserving wealth against any future lawsuits or claims
  • Tips for accelerating the process of gaining financial independence
  • How focusing on freedom rather than stuff leads to a happier lifestyle
  • Lessons from building a successful business while traveling the world

  • Get in touch with Scott:


    Instagram - https://www.instagram.com/royal.legal.solutions/

    Website - https://royallegalsolutions.com

    YouTube - https://www.youtube.com/@RoyalLegalSolutions


    Join Jason Muth of Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!

    #realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #realestateinvesting #riskmanagement #assetprotection #llcs #serialllc #taxstrategies #financialfreedom #entrepreneurship #mindset #retirementplanning #wealthbuilding #passiveincome #investingtips #businessstructures


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    SmartStay Show - Short Term Rental Counsel + Coaching | Airbnb Hosting TipsBy Airbnb Superhost Jason Muth + Rory Gill

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