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How to Save Thousands on Property Taxes

How to Save Thousands on Property Taxes

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 Matt is joined by special guest Amanda Rem Ryan from REM Ryan Property Tax Advisors. Amanda shares her unique journey into the niche field of property tax consulting, revealing that she stumbled into the profession via an internship while in college. Initially planning to go to law school, Amanda decided to pursue a career in property tax consulting due to the lucrative offer she received. Over the years, she has enjoyed developing strategies to help clients minimize their tax liabilities, emphasizing that property taxes are a major line item in operating statements. Amanda recently launched her own company to better serve clients, focusing on their needs rather than revenue targets. The discussion delves into the intricacies of property tax operations, with Amanda elaborating on her methods to help clients save on taxes, such as protesting property tax assessments annually. She highlights that her compensation model is success-based, which makes her services a no-brainer for clients. Amanda also discusses typical clients she serves, primarily property owners and operators in Texas, and the types of properties she deals with, including industrial, multifamily, retail, and office buildings. Matt and Amanda also discuss the challenges and strategies of protesting property assessments, using an example property near the Galleria to illustrate potential savings and the process involved. Amanda also touches on her pre-acquisition due diligence services, which clients find invaluable. She provides insights on the importance of knowing local property tax laws and staying on top of property classification changes that can significantly impact tax liabilities. Finally, Amanda offers advice to real estate investors: understand how property taxes are handled in your investment state and consider hiring a professional to handle tax protests. Amanda’s contact information is provided for those interested in her services. 00:00 Welcome to the podcast 00:11 Meet Amanda Rem Ryan 00:37 Diving into Property Tax Consulting 01:04 Amanda's Journey into Real Estate 03:21 Starting a New Venture 07:58 The Importance of Protesting Taxes 10:58 Role Play: Tax Savings Analysis 18:10 Consulting Services and Strategies 23:24 Final Thoughts and Advice 31:10 Contact Information and Farewell

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