Having a well-designed accounting system sets your real estate venture up for success. Here, I share some tips and tricks to set yourself up well when accounting for your rental properties. Create a Foundation for Success Without a strong foundation, your house will collapse. In the case of accounting, your foundation is your set of […]
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 […]
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.
Whether you do it yourself or hire a CPA, real estate investors need to understand how to report rental property on IRS Schedule E. Our guide will help.
Tax write offs for car business expenses can help you shelter income at tax time. Learn how to take these tax write offs with this post.
Calculating rental property depreciation can be complicated. In this post, we dive into the weeds and analyze the new Closing Disclosure form.
There are many ways to increase tax savings and this article discusses the number one way to make sure you are saving every penny at tax time.