Patrick Kavanagh

Experience

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  Guitar Lessons by Patrick Kavanagh

  Aug 2005 - Apr 2017

  Guitar Instructor

  As far back as during college, I have (on and off) given guitar lessons to people of all ages and skill levels. When I was saving for my first property, I taught virtually every evening after work. I have met so many wonderful people and friends, and been introduced to some great music and artists from my time teaching. At present I rarely teach, but I do miss it.

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  Kavanagh Tax Consulting & Preparation

  Jan 2006 - now

  Tax Consultant
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  Royal Barber & Co. CPA

  Aug 2009 - Apr 2012

  Managing Accountant

  • Prepared tax returns for businesses and individuals• Provided extensive tax planning and strategy to clients of various professions, which required a working knowledge of the various business entities such as C corps, S corps, LLCs, LLCs with S corp tax election, sole proprietorships, partnerships, LLPs etc., and the tax implications and basic legal differences of each• Implemented a comprehensive paperless tax preparation system

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  Edward Jones

  Dec 2010 - May 2012

  Securities Cost Basis Expert, Tax Department

  • Interacted with clients and their financial advisors to solve problems and educate them regarding cost basis and its resulting tax consequences/benefits• Developed an understanding of inheritance law in both common law states and community propertystates, as well as a basic understanding of trust law and the differences between the various types oftrusts• Researched client securities with unknown cost basis and, if possible, recreated cost basis history

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  Wells Fargo Advisors

  Sept 2011 - Jul 2018

  Securities Cost Basis Expert, Tax Department

  • One of six total wash sale experts company-wide• Interacted directly with advisors and branch members to resolve cost basis issues• Participated in BETA testing to improve system logic and performance with respect to cost basis• Corrected errors to securities in the application of corporate actions such as mergers, share classexchanges, spin-offs, etc.

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  Kavanagh Property Management

  Aug 2013 - now

  Property Manager

  I'm currently the sole owner and active manager for 8 apartments and the manager of ~12 apartments owned by other investors.• Find and place tenants, collect rents, and schedule maintenance• Implemented a completely paperless and keyless experience for tenants, including online background checks, lease signing, rent collection, and passcode and combination locks on all properties, so there are no keys whatsoever• Created a rent income and expense tracking system that automates tax reporting• Successfully increased rents by over 40% while maintaining near 0% vacancy rates Show less

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  Invest St. Louis

  Jul 2018 - now

  Investment Property Real Estate Broker

  I have been in the rental real estate market for over a decade. I personally own and manage my own rental property in the Saint Louis area. I hold a broker's license, not your standard/entry realtor license. A broker's license requires a minimum level of experience, as well as additional testing. As a broker, I'm more than happy to help investors with their success in the Saint Louis market - a market I believe is one of the best-suited (if not the best) markets for rental real estate in the country. Prior to being a full-time broker, I worked in the tax department of Wells Fargo Advisors. I also maintained a private tax preparation practice of nearly 40 clients at its height (now currently just for close friends and family). The result is a complete understanding of investment property from purchase to ownership to eventual divestment, and compliance throughout. I also have a strong passion for leveraging technology to find and implement efficiencies in everything I do. As a one-man operation for most of my career, this is as necessary as it is fruitful.For clients who need them, I connect and refer the same vendors for lending, title, inspections, and repairs etc. I use for my own investments. All of which I trust to perform their role timely and effectively. This, aside from finding and choosing the right property, is perhaps the most important and overlooked part of any real estate purchase.Currently (as of 2023), I am learning the "builder" trade as I resurrect a 3-story four family from a fire requiring demo down to brick and joists. This has led to a growing interest in "building science" and the potential returns an efficient building can attain via tax credits (both historical and green energy), and lower utilities etc. My other passions include sports (soccer in particular), guitar, and travel - I love to travel. It's one of the main reasons I entered this space - the rent is always due, no matter where you are! Show less