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A tartalmat a Tim biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Tim vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
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How 831(b) Plans May Be the Solution to Your Insurance Woes with Van Carlson, Ep 90

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Manage episode 410654240 series 3371550
A tartalmat a Tim biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Tim vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Today's guest is Van Carlson, Van is the Founder & CEO at SRA 831(b) Admin and has over twenty-five years of experience in the risk management industry.

Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.

He explains how 831B plans provide a tax-advantaged means of self-insurance for business owners that cover risks that are either too costly to transfer to standard insurance policies or not generally insured.

He also talks about how these plans can act as a financial cushion, possibly converting cost centers into profit centers through the investment and growth of plan funds in a tax-deferred manner.

Van also addresses common misconceptions and emphasizes the significance of adopting 831B plans with the right intent to prevent unnecessary IRS attention, as well as the flexibility of these plans in managing certain risks such as damage waivers and rent protection.

Episode Topics

[01:17] Meet our guest, Van Carlson
[02:53] The Power of Self-Insuring: Transforming Risk into Opportunity
[06:27] Maximizing Returns: The Strategic Advantage of 831B Plans
[17:48] The Future of Multifamily Investments: Adapting to New Challenges
[24:53] The Impact of Market Conditions on Insurance for Multifamily Properties
[31:47] The IRS's View on Innovative Insurance Plans
[38:32] What is one red flag every investor should look out for?
[39:11] What is a myth about the real estate business?
[41:31] Connecting to Van

Notable Quotes

  • "There's got to be a smarter way. Small to middle market business owners need to be aware of self-insuring risk." -Van Carlson
  • "Every business owner should have their own PPP plan. This code allows you to self-fund it and has been around for 38 years." -Van Carlson
  • "The biggest benefit is having that tax-deferred reserve... If you can make that money work, that's even better." - Tim Little
  • "Having that flexibility to tenants can really make a difference... It's big!" - Tim Little
  • "Your approach is very custom, every person or business is different. And so you have to look at the risk scale, et cetera, associated with that." - Tim Little
  • "I like the accidental damage waiver because I do think it's an additional revenue maker for the building owners right now." - Van Carlson

👉Connect with Van Carlson

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

  continue reading

101 epizódok

Artwork
iconMegosztás
 
Manage episode 410654240 series 3371550
A tartalmat a Tim biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Tim vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Today's guest is Van Carlson, Van is the Founder & CEO at SRA 831(b) Admin and has over twenty-five years of experience in the risk management industry.

Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.

He explains how 831B plans provide a tax-advantaged means of self-insurance for business owners that cover risks that are either too costly to transfer to standard insurance policies or not generally insured.

He also talks about how these plans can act as a financial cushion, possibly converting cost centers into profit centers through the investment and growth of plan funds in a tax-deferred manner.

Van also addresses common misconceptions and emphasizes the significance of adopting 831B plans with the right intent to prevent unnecessary IRS attention, as well as the flexibility of these plans in managing certain risks such as damage waivers and rent protection.

Episode Topics

[01:17] Meet our guest, Van Carlson
[02:53] The Power of Self-Insuring: Transforming Risk into Opportunity
[06:27] Maximizing Returns: The Strategic Advantage of 831B Plans
[17:48] The Future of Multifamily Investments: Adapting to New Challenges
[24:53] The Impact of Market Conditions on Insurance for Multifamily Properties
[31:47] The IRS's View on Innovative Insurance Plans
[38:32] What is one red flag every investor should look out for?
[39:11] What is a myth about the real estate business?
[41:31] Connecting to Van

Notable Quotes

  • "There's got to be a smarter way. Small to middle market business owners need to be aware of self-insuring risk." -Van Carlson
  • "Every business owner should have their own PPP plan. This code allows you to self-fund it and has been around for 38 years." -Van Carlson
  • "The biggest benefit is having that tax-deferred reserve... If you can make that money work, that's even better." - Tim Little
  • "Having that flexibility to tenants can really make a difference... It's big!" - Tim Little
  • "Your approach is very custom, every person or business is different. And so you have to look at the risk scale, et cetera, associated with that." - Tim Little
  • "I like the accidental damage waiver because I do think it's an additional revenue maker for the building owners right now." - Van Carlson

👉Connect with Van Carlson

👉 Connect with Tim

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

  continue reading

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