Hey, everybody. Welcome to the Boosley podcast. This is the podcast that gives hosts all over the world, the tools, the tactics, the trainings, and most importantly, the confidence so you can get more direct bookings. My name is Liam Carolyn and today we're on the spotlight series on the Boosley podcast. This is where we look at people businesses services that you need to know about as a short term rental host and also people who are involved in short term rental in general. So we've got a special

guest about to tell us his story. She has some tips with us and the cool thing is about this guest is that he is the go to guy for tax advice. He's US based. He's a CPA. The cool thing is he doesn't just give the advice on tax, but actually he's a short term rental investor himself and quite a varied kind of investor, not just your traditional short term rental, but a few other cool things, which we'll dive into. So we're going to welcome along Ryan Baker.

He is known or his business is called learn like CPA and yeah, we're going to get his story and and see his tips. So welcome along Ryan. Thank you for joining us today.

Awesome. I'm excited to be here. Thank you.

For those who may not be familiar with yourself, can you give yourself an introduction and share anything that you'd like to share with the audience?

Yeah. So my name is Ryan. I have, I went to school for accounting and finance. Accounting and finance really was my first love when it came to diving into what my genius zone is and it's actually funny because I'm not the best at math. In fact, I actually almost failed my senior year math class because it was so.

It was so hard, but I did understand basic addition, addition, subtraction, multiplication, division. And if you can understand that, then you can understand real estate investing.

But it's how people all the time. Outside of school or after school, I went to work at Deloitte, so Deloitte, a huge consulting firm that they have offices nationwide, nationwide worldwide.

Large consulting firm, I helped a lot of the investment management, banks, hedge funds, syndications, real estate syndications, basically people who are already rich and wealthy helped them become even more rich and wealthy.

And I decided that I wanted to help not the everyday person, but the person in their family that was going to change their family tree.

So that's when I started my brand, learned like a CPA and then my consulting firm that focuses on basically small amount of pop investors, help them acquire short-term rentals, help them analyze tax benefits, tax savings, help them make decisions about their portfolio.

Should they exit, should they refinance all these good things and just be that good third party advice because what I like to do is I like to help people alleviate the emotion from the equation

because oftentimes a lot of short-term online investors, they have a lot of time in these projects and they have a lot of emotion.

And I try to be that, you know, sounding voice to just say, hey, here's what makes sense numbers wise and remove that emotion from the equation.

So true. So many people just go, hey, I like this place. They've got a vision. But at the end of the day, if the numbers don't make sense, well, there's no point in even undertaking it.

What does the short-term rental side of your business look like at the moment?

Yeah, I mean, most of our clients now are primarily short-term rental investors. It's just becoming so popular, you know, within the last couple of years.

I think, you know, COVID really was the catalyst for short-term rental real estate investing in my opinion because you had a bunch of people who, you know, they didn't, you know, maybe they didn't want to have to listen to a company or a boss or be tied down to their place of employment.

And I think that's when a lot of people started investing in that, you know, in America, we had super low interest rates.

So that made it really enticing for somebody to be able to buy a property. I, you know, manage it, use the income to help replace their W2s.

And, you know, I myself kind of lost my W2 job to go into real estate full-time, you know, half, half CPA consultant, half investor.

You know, but I've also helped guide tons of people and seen tons of people make the transition from full-time W2 to full-time real estate in a matter of, you know, sometimes less than, you know, year, year and a half maybe.

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