In this episode of the GPS to Your Business Success podcast, host Nick Papakyrikos, CPA, shares valuable strategies for rental property owners who are struggling to manage their properties but are hesitant to sell due to potential tax implications. He introduces the Delaware Statutory Trust (DST) as a viable solution, allowing landlords to sell properties without incurring capital gains taxes while still receiving rental income. Nick delves into how DSTs function, their advantages, potential risks, and how they can help preserve generational wealth. This episode is particularly relevant for high-net-worth individuals and real estate investors seeking sustainable financial planning options.

Episode Highlights:

00:00 - Introduction and Episode Overview

00:46 - Meet Your Host: Nick Papakyrikos

02:15 - Sponsor Highlight: Auto Shop Answers

03:34 - Challenges of Being a Landlord

07:03 - Exploring Tax-Free Exchange Options

08:28 - Understanding Delaware Statutory Trusts (DST)

11:53 - Risks and Considerations of DST Investments

18:12 - Combining Strategies for Optimal Results

20:33 - Conclusion and Additional Resources

Special Thanks to Our Sponsors: Steer CRM and Auto Shop Answers

Steer CRM helps auto repair shops attract new customers and keep existing ones coming back for regular maintenance and service. Discover more at steercrm.com.

Auto Shop Answers is an industry-leading automotive shop training program led by Todd Hayes, COO of Adams Automotive in Houston. Learn more at autoshopanswers.com.

Connect with Papakyrikos, CPA: The GPS to Your Business Success

• Visit us online: www.papakyrikoscpa.com
• Email us: Podcast@papakyrikoscpa.com