Weiss Advice

The Tax Benefits of Owning and Operating a Business in Real Estate with Natalie Kolodij


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Natalie Kolodij is an IRS Enrolled Agent who has been involved in tax and real estate since 2014. A long-time bigger pockets moderator, she has a passion for all things real estate. In 2017 she founded Kolodij Tax and Consulting, a real estate exclusive tax firm. When she's not working she enjoys reading, traveling, and making pottery. 


In this episode, Natalie shares her experience being a moderator on Bigger Pockets and the various tax benefits of owning and operating a business in real estate. She discusses a few examples such as bonus depreciation, cost segregation, and the gas station loophole. Tune in to learn more!


[00:01 - 09:24] Opening Segment

  • Welcoming Natalie to the show
  • Brief background and career
  • What is it like to be a moderator on Bigger Pockets?


[09:25 - 22:13] Real Estate Tax Strategies

  • The short-term rental market has its own rules
  • How active do you need to be to manage an Airbnb?
  • Bonus depreciation is a tax break that can be used to write off expenses related to owning or operating a business
  • Gas stations are an undervalued asset class that could be worth investing in
  • Natalie talks about not staying in a little four-by-four box 


[22:14 - 28:24] THE FINAL FOUR

  • What's the worst job that you ever had? 
  • What's a book you've read that has given you a paradigm shift?
    • Go for No by Richard Fenton
  • What is a skill or talent that you would like to learn?
  • What does success mean to you?


Quotes:


“Keep your eyes open! There’s no wrong way to do real estate.” - Natalie Kolodij 


“It’s not like most people want a jet and be billionaires. Most people just want to be able to take family vacations and take Fridays off for barbecues and all those things.” - Natalie Kolodij 



Connect with Natalie through Facebook and Instagram.



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