In this episode of the Main Street Business Podcast, host Mark J Kohler delves into the eight common blunders that new investors make when acquiring their first rental property. Learn valuable tips on how to sidestep these errors and set yourself up for a prosperous rental experience.

Here's what you can look forward to:

• Mark highlights the significance of tracking expenses from the start to classify them as startup costs.
• Emphasizes the need for a proper LLC for asset protection when owning a rental property.
• How to set up a separate bank account for the LLC to avoid commingling of funds.
• The benefits of using a warranty deed and seeking professional assistance for the process.
• The need for landlord insurance to protect against unforeseen events and liabilities.
• The importance of knowing and understanding lease agreements as a property owner.

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In this episode of the Main Street Business Podcast, host Mark J Kohler interviews Jeffrey Hayzlett, a renowned business advisor, keynote speaker, and global business celebrity. Today, Jeffrey shares his most important business learnings after 26 years and over 200 businesses being bought and sold.

Here's what you can look forward to in this episode:

• Jeffrey discusses how his journey in business leadership led him to becoming a celebrity judge on NBC's 'Celebrity Apprentice'
• Mark and Jeffery talk about the importance of content creation and media presence in modern business.
• Jeffrey introduces the "Hero Factor", explaining how values-based operations can drive business growth and foster a positive business culture.
• Jeffrey emphasizes the critical role of data in business decisions and highlights the importance of constantly evaluating business operations and performance.
• They discuss the growing trend of marketing to segments of one, the importance of authenticity in business, and learning from both business successes and failures.

Tune in for these insights and more, as Jeffrey Hayzlett shares his wisdom on navigating today's dynamic business landscape.

Learn more about Jeffery Hayzlett here: https://hayzlett.com/

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!

In this episode of the Main Street Business Podcast, Mark J Kohler shifts the idea of buying a car strictly for the write-off into reverse and emphasizes the importance of having a vehicle that aligns with your business needs.

Here are some of the key points that Mark unpacks:

• A breakdown of the pros and cons of business owners buying a vehicle.
• An in-depth discussion on when it is suitable to buy a vehicle for business purposes to leverage tax benefits.
• The significance of ensuring the business can support the deduction for the vehicle.
• Example scenarios illustrating the risks of buying a vehicle based solely on the intention of writing it off.
• The need for proper legal structuring and insurance when owning a business vehicle.
• How the mileage method can be a suitable option for small business owners.
• Thoughts on integrating family members' vehicles into business write-offs for tax benefits.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!