180. Taking Advantage of Taxes in Self Storage | Leveraging Depreciation w/ Yonah Weiss
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 9 November 2022
⏱️ 49 minutes
🧾️ Download transcript
Summary
Welcome back to Self Storage Income! Today we're answering some of our most asked questions about TAX. Specifically, how does self storage benefit from the US Tax Code?
We've invited Yonah Weiss back on the podcast for this episode. He is a cost segregation expert and has saved millions of dollars in taxes for his investors. The last time he was on, we focused on his backstory and cost segregation specifically (you should check out episode #77 from Dec. 2020).
But today, we talk with him specifically about accelerated depreciation - and how you can use it to write off the depreciation of your property in the FIRST YEAR, effectively saving a small fortune in property tax.
Learn more about Yonah: https://www.yonahweiss.com/
NEW sign up for our SSI community on facebook! https://www.selfstorageincome.com/ssi-community
Grab my audiobook Growing Wealth in Self Storage for FREE: https://www.selfstorageincome.com/free-audiobook
Join Copper Storage Management + Live Oak Bank for a discussion about self-storage remote 3rd-party management, financing and more! Mark your calendars for Nov. 17th at 2PM EST. Register now: https://us06web.zoom.us/meeting/register/tZ0tceGvrDsjHtKGAsfwMJfcgG2KKospDdyw
Our partners:
Live Oak Bank - liveoakbank.com/incomepodcast
Tenant Inc. - https://www.tenantinc.com/
Janus International - https://www.janusintl.com/
Want to invest in storage without dealing with the day-to-day operations and management? Learn more about our syndication company Cedar Creek here:
https://www.cedarcreekwealth.com/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey everybody, AJ here. I just wanted to tell you exciting news. We are rolling out our self-storage income community. |
| 0:08.0 | So many people asked if we had anything to participate, any groups to do that weren't the high level inner circle. |
| 0:14.2 | And until now, we haven't. We are rolling it out. It's already open. We already have members. |
| 0:19.9 | You can follow the link below, |
| 0:22.5 | click to join, join in the Facebook group. You get everything from our modelers. You get the |
| 0:28.1 | community, education. We have videos, everything from underwriting and more. This is meant to allow |
| 0:35.7 | people to work together, to share information, to do deals together |
| 0:40.4 | so we can all succeed. Join now, sign up, and let your progress and future in self-storage |
| 0:48.7 | begin today. See you there. Hey, what is going on everybody? My name is Yen and welcome back to self-storage income. |
| 0:55.9 | Today, we have an excellent guest lineup for you. |
| 0:59.1 | We have the one, the only, Yona Weiss. |
| 1:02.4 | Yona is a cost segregation expert from New York City. |
| 1:05.6 | He's saved hundreds of millions of dollars in taxes for property owners. |
| 1:09.9 | He's the host of his own podcast. He's been on bigger pockets. But before we get started, I just want to let you know that one of our sponsors, Live Oak Bank, is putting on a webinar talking about management and financing in the self-storage industry. It's on November 17th at 2 p.m. Eastern Time. I'll leave a link for this down in the show notes below. You're |
| 1:28.6 | going to want to put this on your calendar. You don't want to miss it. So if you guys want to be a part |
| 1:32.4 | of that, definitely do so. This is a great resource. Take advantage of that. But anyways, |
| 1:37.3 | without further ado, let's go ahead and get started. |
| 1:48.4 | Welcome everybody to self-storage income. |
| 1:57.3 | And Connor, I'm really excited for today's podcast on this very, very cold October day. |
| 1:58.3 | Yeah, man. |
| 2:02.3 | It seems like the fall weather finally cut up with us here in the Pacific Northwest. And yeah, yeah, it froze last night and windy, leaves falling, all that good stuff. |
| 2:09.1 | So what it looks. It looks like our guest is also hanging out in town here with this green screen. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from AJ Osborne, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of AJ Osborne and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.