While important for most industries, recordkeeping is absolutely critical for landlords—among other things, it can keep you out of a major legal snafu! Here, on behalf of The Real Estate CPA, I provide reasons why keeping records is so essential for landlords. Before knowing why record keeping is essential, you should probably know what records […]
At some point in your investing career, as you continue to build your portfolio, you will likely need to hire professional help to maintain and manage your properties. Such professional help is often called “property management.” Today I’m going to walk you through considerations on the timing of hiring a property management company. This is […]
Who wouldn’t want their travel to be tax-deductible? Here’s the basics of the rule: If your trip is primarily for your business, then it is tax-deductible. If it’s not primarily for your business, it’s not tax-deductible. Sorry, but unfortunately your personal trips are not tax-deductible for your real estate business. Well, like we said, if […]
If you have a rental portfolio, there’s a good chance that you have passive losses. If you’re above a certain income threshold, you likely have suspended passive losses. And if you’re not using a CPA well-versed in real estate taxation, you’ve probably been told that there’s nothing you can do about these suspended passive losses.
We’re a week into 2017 which means you’ve thought about or already set your New Year’s resolutions. Because you are in the business or real estate industry, you’ve likely heard, and potentially subscribed to, the fact that many New Year’s resolutions fall flat. Today I’m going to help you set in motion changes to your […]
The best perk about being comfortable with investing in rental properties at a distance is that you can easily analyze new markets without ever leaving your seat. Or beach chair if that’s more your thing. On top of that, you can connect with agents, place offers, and go under contract before you even see the […]
Big news coming out of D.C.! I was on the BP podcast and it just released today. A link to it is provided below. I hope you enjoy and feel free to email me with questions at [email protected]
I’m going to show you an insanely easy accounting system to use in your rental business. I know it works because I use it myself.
Real estate investing requires capital. If you don’t have much available, a ROBS might solve your problem. This article analyzes a ROBS strategy.
Every once in awhile I like to change up the content. Today I’m providing you with my favorite Ted Talks that I think all real estate investors should listen to.