Episodes

  • Ep138: Simple Proven Tips To Boost Your Rental Income Profit

    Ep138: Simple Proven Tips To Boost Your Rental Income Profit
    Feb 13 2023

    If you’re a landlord or property owner looking to increase your rental income, this is a must-listen episode! Dive into the first part of this new series about a must-have tool that can improve your rental revenue and profit.

     

    Key takeaways to listen for 

    • A must-have tool for real estate investors
    • Benefits of having an effective and interactive website
    • Ways to efficiently save tenancy application records
    • Highly recommended websites to market your deals online

     

    Resources mentioned in this episode

    • Carrot website
    • Paintedladyinc.com
    • Landmark Real Estate
    • Stanley Housing

     

    Connect With Us

    To learn how to consistently buy real estate working just 5 hours a week, click here. 

     

    Follow Mike on Social Media

    • Website: Mike Butler Real Estate
    • Podcast: 5 Hour Real Estate Week
    • Facebook: Mike Butler
    • LinkedIn: Mike Butler
    • Instagram: @mikebutlerusa
    • Twitter: @MikeButlerUSA
    Show more Show less
    17 mins
  • Ep137: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 6 of 6

    Ep137: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 6 of 6
    Jan 25 2023

    In today’s episode, we’re wrapping up our six-part series with Eric Shadowens, CPA, as he continues to impart his knowledge on effective tax planning, tax deadlines, and more! So press play if you want to gain maximized profits in your business today.

     

    Key takeaways to listen for 

    • Tax due dates every investor should remember
    • Why you need to work closely with your tax advisor
    • Guidelines for choosing the right tax advisor for your business
    • Importance of using accounting software and knowing your numbers
    • Roth IRA vs. traditional IRA: What they are and which one is right for you

     

    Resources mentioned in this episode

    • Investor Books Pro System
    • Tax Free Profit & Income For Life
    • TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, Part 3, Part 4, and Part 5
    • Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com

     

    About Eric Shadowens, CPA

    Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

    In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

    Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

     

    Connect with Eric

    • LinkedIn: Eric Shadowens CPA
    • Email: eshadowens@dmlo.com
    • Phone: 502-326-2319

     

    Connect With Us

    To learn how to consistently buy real estate working just 5 hours a week, click here. 

     

    Follow Mike on Social Media

    • Facebook: Mike Butler
    • LinkedIn: Mike Butler
    • Instagram: @mikebutlerusa
    • Twitter: @MikeButlerUSA
    Show more Show less
    45 mins
  • Ep136: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 5 of 6

    Ep136: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 5 of 6
    Jan 23 2023

    Do you check on your strategies for making the most of your real estate assets? Consider adding tax-saving tactics to your list as Eric Shadowens CPA explains his unique system of understanding taxing brackets with different business entities. Catapult your profit and hop into the conversation! 

     

    Key takeaways to listen for

    • Limited Liability Companies: What they are and how they impact your real estate business
    • The importance of operating agreements in an LLC
    • Pros and cons of being taxed as an S corporation
    • Why a C corporation might be beneficial to today’s investors
    • How to know if a C corporation is the right entity type for you

     

    Resources mentioned in this episode

    • Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com.
    • TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, Part 3, and Part 4

     

    About Eric Shadowens, CPA

    Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career. 

    In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA. 

    Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.

     

    Connect with Eric

    • LinkedIn: Eric Shadowens CPA
    • Email: eshadowens@dmlo.com
    • Phone: 502-326-2319

     

    Connect With Us

    To learn how to consistently buy real estate working just 5 hours a week, click here. 

     

    Follow Mike on Social Media

    • Facebook: Mike Butler
    • LinkedIn: Mike Butler
    • Instagram: @mikebutlerusa
    • Twitter: @MikeButlerUSA
    Show more Show less
    38 mins
  • Ep135: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 4 of 6

    Ep135: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 4 of 6
    Jan 20 2023
    Tap into the wisdom and expertise of Eric Shadowens, CPA, in the fourth part of this series as he discusses rental property tax rules and other essential information you need to know to minimize your taxable income. Keep upgrading your real estate knowledge by tuning in!   Key takeaways to listen for  Tax differences between short-term and long-term rentalsEasiest ways to cut your losses in real estateHow to maximize the tax benefits from your short-term rental propertyDisadvantages of hiring a property manager for your properties How many days can you use your rental property for personal purposes?   Resources mentioned in this episode The Home DepotMileIQTAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, and Part 3KBKGBiggerPockets Real Estate Investing Forums Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPAEmail: eshadowens@dmlo.comPhone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike ButlerLinkedIn: Mike ButlerInstagram: @mikebutlerusaTwitter: @MikeButlerUSA
    Show more Show less
    27 mins
  • Ep134: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 3 of 6

    Ep134: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 3 of 6
    Jan 18 2023
    Catch your next profitable opportunity in the third part of this series with Eric Shadowens, CPA. Learn sharp tactics to help you make the most of your assets. So if you want to maximize the advantages of selling your property, this is the episode for you.   Key takeaways to listen for  The power of using 1031 exchange to defer your capital gains tax4 types of 1031 exchanges you need to know and whyDifferent ways to apply a 1031 exchange in a fix-and-flip homeThe Augusta Exemption: What it is and how to leverage it for your business   Resources mentioned in this episode Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.comTAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1 and Part 2 Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPAEmail: eshadowens@dmlo.comPhone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike ButlerLinkedIn: Mike ButlerInstagram: @mikebutlerusaTwitter: @MikeButlerUSA
    Show more Show less
    31 mins
  • Ep133: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 2 of 6

    Ep133: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 2 of 6
    Jan 16 2023
    As we continue with the second installment of this series with Eric Shadowens, CPA, he lays out a few strategies to better understand depreciation and cost segregation for tax planning. Take advantage of the tax-saving opportunities in real estate by listening to this episode today!   Key takeaways to listen for  What is cost segregation?Engineered vs. small cost segregationReasons why passive investors shouldn't use cost segregationBenefits of cost segregation in real estate investingThe value of bonus depreciationWhy seeking tax advice prior to cost segregation is important   Resources mentioned in this episode Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6KBKG BiggerPockets Real Estate Investing ForumsTo get the latest IRS Publication 527 for Rental Properties for FREE, go to mikebutler.com/527 Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPAEmail: eshadowens@dmlo.comPhone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike ButlerLinkedIn: Mike ButlerInstagram: @mikebutlerusaTwitter: @MikeButlerUSA
    Show more Show less
    25 mins
  • Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6

    Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6
    Jan 13 2023
    Let’s kick off this new series with our guest Eric Shadowens, CPA, to learn all you should know about Form 1099, 1098, and 1096. To become a more responsible real estate investor through his tax expertise, you must hear this episode!   Key takeaways to listen for  The ins and outs of filing Form 1099What is a “backup withholding”?Form 1098: What it is, its purpose, and filing processRequirements and due dates for Form 1099 and 1098The importance of Form 1096 in filing tax forms    Resources mentioned in this episode Eric Shadowens CPA on LinkedIn: 1099 FormsTo get a copy of the Independent Contractor Agreement form, go to https://www.mikebutler.com/join and join Mike Butler’s Gold Membership  Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPAEmail: eshadowens@dmlo.comPhone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike ButlerLinkedIn: Mike ButlerInstagram: @mikebutlerusaTwitter: @MikeButlerUSA
    Show more Show less
    23 mins
  • Ep131: How To Safely Remove Squatters

    Ep131: How To Safely Remove Squatters
    Dec 21 2022

    As a property owner, you may often be in a challenging situation when squatters reside in your buildings. Learn how to prevent this and some safety measures while vacating the property from informal settlers. 

     

    Key takeaways to listen for 

    • How to ensure your personal safety before entering your property
    • Everything you need to know about squatter prevention
    • Things you should say and do when entering your rental property

     

    Resources mentioned in this episode

    • SimpliSafe
    • Landlording on AutoPilot by Mike Butler
    • Sign up for the Power Lunch training at https://www.mikebutler.com/PowerLunch

     

    Connect With Us

    To learn how to consistently buy real estate working just 5 hours a week, click here. 

     

    Follow Mike on Social Media

    • Facebook: Mike Butler
    • LinkedIn: Mike Butler
    • Instagram: @mikebutlerusa
    • Twitter: @MikeButlerUSA
    Show more Show less
    17 mins