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In our latest podcast episode, we’re diving deep into tax strategies that can save you thousands. Featuring tax attorney Nate Mallory and business attorney Chris Smith, we explore everything from real estate tax benefits to 1031 exchanges and beyond. Whether you’re a real estate investor, small business owner, or someone looking to optimize your tax situation, this episode is packed with valuable insights that most people overlook.

👉 Watch the Episode Now:

Key Topics Covered:

Real Estate Tax Benefits
Nate Mallory breaks down the tax implications of selling real estate, discussing capital gains and how to minimize your tax burden. Learn how to take advantage of the two-out-of-five-year rule and other key tax exemptions.
The Power of 1031 Exchanges
Chris Smith offers a deep dive into 1031 exchanges, a powerful tool for real estate investors to defer capital gains taxes when reinvesting in new properties. Understand how this strategy works and the pitfalls to avoid.
Mortgage Interest & Property Deductions
Nate explains how homeowners can make the most of mortgage interest deductions and maximize savings. He also touches on the differences between tax benefits for primary residences and rental properties.
The Augusta Rule
One of the hidden gems discussed in this episode is the Augusta Rule, which allows business owners to rent their homes to their companies for up to 14 days tax-free. Nate explains how to leverage this rule and ensure compliance with IRS guidelines.
Home Office Deductions
For those who work from home, Nate provides clarity on home office deductions, explaining how to properly calculate and claim these deductions without triggering audits.

Meet Our Expert Guests:

Nate Mallory
Founder of The Mallory Firm, PLLC, Nate Mallory is a tax attorney who specializes in real estate tax, 1031 exchanges, and business tax compliance. He helps individuals and businesses navigate complex tax strategies to maximize savings. Nate is also a Navy veteran and a graduate of Texas A&M University School of Law.
Website: The Mallory Firm
LinkedIn: Nate Mallory

Chris Smith
With over 30 years of experience, Chris Smith is a business attorney who focuses on legal structuring, automation strategies, and business growth. His expertise helps business owners lay solid foundations for scalable, long-term success.
Website: Law Office of Christopher Smith
LinkedIn: Chris Smith

Why You Should Listen:

If you’ve ever felt like your CPA isn’t telling you the whole story, this podcast episode is for you. Nate and Chris uncover strategies that many professionals don’t discuss, helping you understand the legal and tax landscape in a way that can lead to significant financial benefits.

Timestamps & Key Takeaways:

00:00 – Introduction
03:12 – Real Estate Tax Benefits
05:20 – 1031 Exchanges Explained
09:00 – California vs. Texas Tax Laws
14:39 – Mortgage Interest Deductions
21:05 – Rental Property Deductions
33:00 – The Augusta Rule: Rent Your Home to Your Business
47:03 – Home Office Deductions
52:22 – Refinancing Deductions

Conclusion:

Whether you’re a business owner, real estate investor, or simply someone looking to maximize your tax strategy, this podcast episode provides actionable advice from two top-tier attorneys. Make sure to watch, take notes, and start applying these strategies to optimize your financial future.

The real estate industry is facing a significant shift as new laws introduced by the National Association of Realtors (NAR) take effect in 2024. Whether you’re a buyer, seller, or real estate professional, these changes will impact how you navigate transactions in the coming year. In this blog post, we’ll break down the key updates and explain what they mean for you.

Watch the Full Discussion Below:

Understanding the Key Changes

The recent settlement involving the NAR has led to major reforms aimed at increasing transparency and redefining how compensation works in real estate transactions. Here are some of the most important updates:

Goodbye, Commission Disclosures: The term “commission” is now considered a bad word in real estate. Agents are no longer allowed to disclose buyer-agent compensation in MLS listings. Instead, it’s referred to as “concessions” or “compensation,” creating a need for more direct communication between agents.
The Role of Buyer-Broker Agreements: Before a property can be shown, buyer agents must now have a signed buyer-broker agreement in place. This ensures that all parties are transparent about the compensation structure and prevents misunderstandings later on.
Increased Negotiation Complexity: With the removal of visible commission information, negotiation dynamics have changed. Buyers and sellers must now engage in deeper conversations to clarify compensation expectations, which could complicate the process if not handled properly.

What This Means for Buyers and Sellers

These changes will likely lead to a more transparent market, but they also introduce challenges that both buyers and sellers need to be aware of:

For Buyers: It’s more important than ever to work with an experienced buyer’s agent who can guide you through the new complexities. With compensation no longer listed publicly, your agent’s negotiation skills and understanding of these laws are key.
For Sellers: Sellers need to recognize that compensating the buyer’s agent remains critical to successfully selling a home. While commissions have always been negotiable, failing to offer appropriate compensation could mean fewer showings and longer time on the market.

The Expert Opinions: Christie Locke-Romero and Chris Smith

In this episode of The KNB Podcast, we sat down with Realtor Christie Locke-Romero and Attorney Chris Smith to discuss these changes in depth. Here’s what they had to say:

Christie Locke-Romero: As a leading Realtor in Southern California, Christie emphasizes the importance of having a trusted professional by your side, especially as these new rules take effect. With years of experience, she helps clients understand how to navigate the evolving real estate landscape.
Chris Smith: A seasoned real estate attorney, Chris highlights the legal implications of these new regulations and why buyers and sellers must be more diligent than ever. His insights shed light on how these changes could affect contract negotiations and compliance.

About Christie Locke-Romero

Christie Locke-Romero is a dedicated Realtor with NextHome Real Estate Rockstars, specializing in the Santa Clarita, San Fernando, and Ventura County areas. Since 2016, Christie has built a reputation for her in-depth market knowledge and a personalized approach to real estate. She’s passionate about guiding first-time homebuyers, investors, and families through complex transactions while providing a seamless experience.

Christie is actively involved in the Women’s Council of Realtors and the ELITE Network of Santa Clarita Valley, where she connects people and helps others grow their businesses. Her commitment to community, education, and client-first service makes her a go-to expert in the ever-evolving real estate industry.

🌐 Connect with Christie:
Website | Instagram | LinkedIn | YouTube

Final Thoughts: Adapting to the New Normal in 2024

Change is inevitable in any industry, and real estate is no different. As these new NAR laws take hold, it’s crucial to stay informed and work with professionals who are ahead of the curve. At KNB Capital, we’re committed to helping you navigate this new landscape with ease and confidence.

Whether you’re looking to buy, sell, or invest, don’t hesitate to reach out to our team for guidance. We’re here to ensure your next move is a successful one.

Connect with Us

🌐 Visit us online at www.knbcapital.com
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Unlock Hidden Tax Strategies: Insights from Tax Attorney Nate Mallory & Business Attorney Chris Smith