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youre watching episode 35 of the tax smart daily a daily video series for real estate investors to get tax smart [Music] before we get started make sure to subscribe to our youtube channel and click the bell icon to receive notifications about future videos that we release thanks so much for tuning in to another episode of the taxmart daily im brandon hall before we get started i invite you to join our facebook group techsmart real estate investors link to that is in the description below also check out our new premium newsletter premium content site that is taxsmartinvestors.com todays topic is all about short-term rentals im currently at st augustine beach its raining so weve got a break from the sun and i wanted to record a video for you real quick so short-term rentals are a loophole it allows you to take a tax loss from the rental activity without having to qualify as a real estate professional now before we get into that why is that even important when i buy a new residenti