What’s Kenner French Thinking!

R. Kenner French discusses the intricacies of cost segregation studies, a strategic tax planning technique that allows real estate investors to accelerate depreciation and lower their tax liabilities.

He emphasizes the importance of understanding the mechanics of cost segregation, choosing the right advisor, avoiding common mistakes, and staying updated on future trends in tax policy and technology.

Takeaways

• Cost segregation studies can significantly lower tax liabilities for real estate investors.

• Understanding depreciation is crucial for maximizing tax benefits.

• Choosing the right cost segregation advisor is essential for success.

• Common mistakes in cost segregation can lead to financial losses.

• Proactive tax planning is more effective than reactive strategies.

• Artificial intelligence can enhance the efficiency of cost segregation studies.

• Documentation is key to successful cost segregation claims.

• Cost segregation can be applied to both residential and commercial properties.

• Staying updated on tax policy changes is vital for real estate investors.

• Collaboration in the industry can lead to better cost segregation practices.

Sound Bites

• It's basically free money from the government.

• Cost segregation is a powerful tool.

• Improper asset classification can cost you.

• Cost seg is a strategic tax planning tool.

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Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

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Jayson Lowe, the chairman of the Lowe Family Group of Companies. He discusses the concept of infinite banking and how it can benefit entrepreneurs and real estate investors. He explains that infinite banking involves using dividend-paying whole life insurance policies to create a personal banking system, allowing individuals to become their own bankers. He emphasizes the importance of understanding the problem of traditional banking and the benefits of taking control of one's finances. Jayson also shares how his company, Ascendant Financial specializes in implementing the infinite banking concept and provides coaching and mentoring to entrepreneurs.

In this conversation, Jayson discusses the importance of having a clear vision for the future and setting specific goals to achieve it. He emphasizes the power of programming the brain for success and the need to build a future that is bigger than the past. He also highlights the value of systems and coaching in achieving success and shares his philosophy on investing and giving back. He provides insights into his coaching process and how his team helps clients with financial planning.

Takeaways

• Infinite banking involves using dividend-paying whole life insurance policies to create a personal banking system.

• Understanding the problem of traditional banking is crucial for implementing the infinite banking concept.

• Taking control of one's finances through infinite banking allows individuals to become their own bankers.

• Ascendant Financial specialize in implementing the infinite banking concept and provide coaching and mentoring to entrepreneurs. Have a clear vision for the future and set specific goals to achieve it

• Program your brain for success by setting specific and achievable objectives

• Build a future that is bigger than your past

• Invest in systems and coaching to enhance productivity and success

• Prioritize health, wealth, and giving in your personal and professional life

• Connect with Jayson Lowe on social media or through the Ascendant Financial

Sound Bites

• Having a good coach, having somebody who can bring purpose to your capabilities helps you make those leaps and helps you move through those different stages in business.

• You and I wouldn't be talking to each other right now. Prior to that, I was a senior partner with Dell. I was in a completely different world. I thought that climbing that executive ladder was my lot in life.

• You did all the work to earn the money, everyone else got it. That's a problem.

• I've been able to have more family time as a result.

You should always be building a future that's bigger than your past.

• If you program your brain to success, then you have a higher likelihood of success.

Listen & Subscribe for More:

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▶️ Subscribe to VastSolutionsGroup.com on YouTube for expert insights! 🚀

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

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Thomas Lorini shares his journey from a mechanical engineer in Canada to a successful real estate investor in the U.S. He discusses the importance of taking action in real estate, building a strong local team, and understanding the differences between the Canadian and U.S. markets.

Thomas emphasizes the significance of having a clear purpose in investing and how Wealth Genius has grown to support investors across North America. He also explores the advantages of commercial real estate and the necessity of strategic partnerships in achieving success.

Takeaways

• Look for landlord-friendly environments for better control.

• Don't overanalyze; take action in your investments.

• Building a local power team is crucial for success.

• Investing outside your backyard can open up more opportunities.

• Understand the laws of the market you are investing in.

• Wealth Genius offers a supportive community for investors.

• Commercial real estate can provide significant returns.

• Clarifying your 'why' helps prioritize your investments.

• Challenges in life can lead to growth and learning.

• Networking and mentorship are key to real estate success.

Sound Bites

• Take action, look for the right markets.

• You need to build your local power team.

• Don't run from challenges; they help you grow.

• The opportunities are across North America.

• You can't do this alone.

• Clarifying your why is crucial in real estate.

Listen & Subscribe for More:

🎧 The Vast Voice Podcast → Available on Spotify & Apple Podcasts

▶️ Subscribe to VastSolutionsGroup.com on YouTube for expert insights! 🚀

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

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Kristi Nelson, a seasoned real estate agent on Bainbridge Island, discussing her journey as an entrepreneur in the real estate market. She explores the importance of marketing, particularly through social media, and how it has transformed her business. Kristi shares her experiences, tips for success, and the significance of building a personal brand.

The discussion also touches on business practices, the value of having an assistant, and advice for long-term entrepreneurs looking to adapt to changing market dynamics.

Takeaways

• Being an entrepreneur means being self-employed and managing your own expenses.

• Marketing consistency is crucial for building a personal brand.

• Social media is the most effective way to market today.

• Video content is essential for connecting with clients.

• Hiring a virtual assistant can help manage marketing efforts.

• Experience and trust are key factors in real estate success.

• Networking and building relationships are vital for business growth.

• Adapting to new marketing methods is necessary for long-term success.

• Social media can significantly lower client acquisition costs.

• It's never too late to learn new marketing strategies.

Sound Bites

• You need to build a brand for yourself.

• You just want to show up everywhere.

• You can trust me, that's important to me.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

R. Kenner French discusses the importance of artificial intelligence (AI) for small business owners, particularly those with limited resources. He emphasizes the need for business owners to dedicate time to learning about AI, engage with their community through meetups, and utilize AI tools like chatbots to enhance their operations.

The discussion highlights practical steps for integrating AI into business strategies and the potential competitive advantages it offers.

Takeaways

• Start spending at least one hour a day on AI.

• Organize a monthly meetup to discuss AI.

• Attend AI conferences to network and learn.

• Utilize AI tools like ChatGPT for business decisions.

• Implement a client-facing chatbot for engagement.

• Create specialized AI models for different business functions.

• Invest time and resources into learning AI.

• AI is essential for staying competitive in business.

• AI tools are becoming more affordable.

• Regularly update knowledge on AI advancements.

Sound Bites

• Start a meetup in your city.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

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R. Kenner French discusses the opportunities available for small businesses to receive government funding through R&D tax credits, particularly in the context of innovation and artificial intelligence. He explains the criteria for qualifying for these credits, the importance of documenting research and development activities, and how leveraging AI can enhance business operations.

The conversation emphasizes the financial benefits of R&D tax credits and encourages entrepreneurs to explore these funding opportunities to support their innovative projects.

Takeaways

• The government provides funding for innovative projects through R&D tax credits.

• Many in the tax industry are unaware of R&D tax credits.

• Qualifying for R&D tax credits involves demonstrating innovation and improvement.

• Trial and error in research can still qualify for R&D tax credits.

• Artificial intelligence can significantly enhance business operations and innovation.

• Documenting R&D activities is crucial for claiming tax credits.

• R&D tax credits can provide substantial financial benefits compared to standard deductions.

• Investing in R&D can lead to competitive advantages in the marketplace.

• Utilizing AI tools can streamline processes and improve efficiency.

• The R&D tax credit is likely to remain a permanent fixture in U.S. tax policy.

Sound Bites

• You could be getting paid by the government.

• Are you doing something new or better?

• You still potentially can get R&D tax credits.

• Everything we've done is artificial intelligence enabled.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Kirsten Graham, a business coach and video marketing expert, joins Kenner to discuss the power of video marketing and podcasting. She shares her background in real estate and how she transitioned into business coaching and video marketing. She discusses the challenges business owners face with video marketing and how virtual assistants can help. She also provides insights on being a guest on podcasts and strategies for leveraging podcast audiences. She touched on the importance of email marketing and repurposing podcast content. The conversation concludes with tips on starting a podcast and the tools that can add value to podcasters.

In this conversation, Kirsten discusses the benefits of outsourcing and using virtual assistants for podcasting and other business tasks. She emphasizes the importance of starting imperfectly and practicing, as well as the value of video and audio editing. She also discusses the concept of unique ability and the power of delegating tasks to focus on what you're great at. Kirsten shares case studies of clients who have turned their businesses around with the help of virtual assistants. She also touches on the importance of work-life balance and the impact of social connections on happiness. She discusses the ethical considerations of hiring virtual assistants overseas and the benefits of providing jobs in other countries. She highlights the need for support in business and the role of virtual assistants in providing that support. She also touches on the tax deductions available for podcasting and coaching services. The conversation ends with a discussion of how to get in touch with Kirsten and the promise of future conversations.

Takeaways

• Video marketing is a powerful tool for connecting with audiences and building trust.

• Virtual assistants can help business owners with video editing, audio editing, and other tasks related to video marketing.

• Being a guest on podcasts is a great way to connect with new audiences and build relationships with hosts.

• Email marketing is an effective way to nurture and engage with your audience.

• Repurposing podcast content can extend its reach and provide value to different platforms.

• Starting a podcast doesn't have to be expensive or complicated; focus on the path of least resistance and start where you are.

• Consistency and providing value are key to building a successful podcast and monetizing it.

• Tools like Riverside and Zoom can be used for podcast recording, but it's important to choose what works best for you and your guests. Start imperfectly and practice, don't wait for perfection

• Video and audio editing can enhance the quality of your content

• Delegate tasks that are not your unique ability to virtual assistants

• Virtual assistants can help improve productivity and increase revenue

• Work-life balance and social connections contribute to happiness

• Outsourcing overseas can provide jobs and support local economies

• Virtual assistant fees and coaching services may be tax deductible

Sound Bites

• They were so familiar with me and my dog and the team. You know, I'm racing around my head thinking, how do they know me? Like, where did I meet them?

• So many people love watching videos, but there's so few videos out there.

• You have to practice at some point, but there's also a lot of magic in video editing and audio editing.

• You can lean into the person who is producing the video or the podcast for you.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

FREE RESOURCE: Want to outsource like a pro and take your business to the next level? Grab your free resource here: https://outsourcingforbosses.com/ 🚀💥

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

R. Kenner French discusses the significance of registered agent services in asset protection, particularly for real estate investors. He emphasizes the importance of compliance and ongoing support through their Vast Vault community, which offers resources and networking opportunities for entrepreneurs.

The conversation also covers various financial services, including tax strategies and the benefits of having a well-structured asset protection plan. Kenner answers client questions, providing expert advice on navigating the complexities of business ownership and asset management.

Takeaways

• Registered agent services are crucial for asset protection.

• A lapse in registered agent service can lead to significant losses.

• The Vast Vault community offers valuable resources for entrepreneurs.

• Properly structured LLCs can help protect assets from lawsuits.

• Tax strategies can significantly reduce financial burdens.

• Collaboration within the community enhances business success.

• Anonymity provided by registered agents protects personal assets.

• Compliance with state regulations is essential for business integrity.

• Expert advice is available for navigating complex financial situations.

• Continuous improvement based on client feedback drives service excellence.

Sound Bites

• It's a huge pleasure to be here.

• Your registered agent represents your business.

• Don't let a lapse in service cost you everything.

• Join our Vast Vault community for support.

• We have a community of like-minded entrepreneurs.

• Having a solid asset protection plan is crucial.

• We help with compliance in every state.

• We provide tax strategies to save you money.

• Email us for a free copy of my book.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Bryan Clayton discusses the importance of adopting AI and business automation to stay ahead in today's competitive landscape. Bryan shares his journey from running a traditional landscaping business to building GreenPal, an app that connects homeowners with lawn care services. He emphasize the need to approach AI implementation as an experiment and iterates on different solutions to find the best fit.

He also discusses the benefits of using AI for customer support, matching buyers and sellers, and streamlining manual processes. The conversation highlights the importance of continuously monitoring and improving AI systems to provide a better customer experience.

Takeaways

• Adopting AI and business automation is crucial for staying competitive in today's market.

• Approach AI implementation as an experiment and iterate on different solutions to find the best fit for your business.

• AI can be used to streamline customer support, matching buyers and sellers, and automate manual processes.

• Continuously monitor and improve AI systems to provide a better customer experience.

• Don't be afraid to delegate tasks to AI, but be cautious about sharing proprietary information.

• Invest in building a comprehensive knowledge base and leverage AI to provide thorough and efficient responses to customer queries.

Sound Bites

• Green Pal is a 10 years overnight success in building this app for over a decade.

• You have to monitor, you have to inspect what you expect.

• We were able to cut that by 80%.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!

Jason Hackett explores various marketing strategies, emphasizing the importance of customer-centric approaches, community engagement, and the evolving landscape of search engine optimization. He discusses practical insights for solopreneurs and real estate agents, highlighting the need for collaboration and value creation within communities. The conversation also touches on the transition from traditional SEO to Ask Engine Optimization (AEO) as a response to changing consumer behaviors.

In this conversation, Jason discusses the evolution of marketing strategies from traditional SEO to AEO, emphasizing the importance of understanding marketing's role in business growth. He explores the transition from corporate consulting to a more hands-on approach in consulting, highlighting the significance of community engagement and in-person events in converting attention into actionable business outcomes. The discussion also touches on the challenges business owners face in navigating the complexities of modern marketing and the necessity of adapting to new technologies and platforms.

Takeaways

• Take the eye out of the equation; focus on the customer.

• Community engagement should prioritize adding value to members.

• Real estate should be viewed as an enabling function for businesses.

• Building connections within a community enhances engagement.

• Collaboration among agents can lead to greater success than competition.

• AEO represents the evolution of search engine optimization.

• Start small with AEO and gradually increase focus over time.

• Meaningful questions can drive community engagement.

• Utilize big-name speakers to attract attention to events.

• Transparency in community collaboration fosters trust. • Business owners need to embrace AEO over traditional SEO.

• Marketing is essential for scaling a business effectively.

• Community engagement is crucial for converting leads into clients.

• In-person events foster deeper business relationships.

• Social media can be overwhelming but is necessary for visibility.

• Business owners should allocate time to explore new marketing tools.

• Understanding the dynamics of marketing can lead to better business outcomes.

• Transitioning from corporate to consulting requires a shift in mindset.

• Attention is the new currency in marketing.

Building a personal brand on platforms like LinkedIn is vital.

Sound Bites

• Take the eye out of the equation.

• You're wicked smart.

• Real estate is an enabling function.

• Everything's more framed as AEO.

• Most social media is a dumpster fire.

• Social media gets your attention.

• I think the new currency is attention.

📲Follow us on Spotify or Apple Podcasts, The Vast Voice and don’t forget to hit subscribe to VastSolutionsGroup.com on YouTube for more great content!

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: [email protected]

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!