#doorgrowshow - Property Management Growth

What is cost segregation, and how does it work? If you're knowledgeable of the tax code and understand what you’re able to do, you will put money in your pocket.  Today, I am talking to Kim Lochridge, Executive Vice-President at Engineered Tax Services. The company started with about six employees and has grown to 130 to do 150-200 cost segregation studies a month. Kim loves talking about taxes. She’s here to help make sense of it all!  You’ll Learn... [03:10] Investment Depreciation Concept: What you get when you have an investment property. It's a tax deduction. [05:15] Depreciation is everything and anything, including buildings, carpet, walls, paint, countertops, and cabinets that depreciate over 27.5 years (unrealistic). [07:17] Cost Segregation Metamorphosis: IRS allows building professional/engineer that understands property and tax laws to segment each component of a building.  [10:30] Does Kim use cost segregation? No matter how big or small, she doesn’t do a deal without cost seg. [11:53] Cost Segre