recordkeeping

Why Recordkeeping is Essential for Landlords

Sep 7, 2017

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 […]

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When Is It Appropriate To Hire A Property Management Company

Aug 16, 2017

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 onboarding a property management firm. This is […]

Above the Clouds

It’s not personal, it’s business- Maximizing Your Business Travel Deductions

Jul 20, 2017

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 […]

real estate passive losses gold

Strategies to Use Suspended Passive Losses from Rental Real Estate

Feb 19, 2017

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. 

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2017 Guide to Upgrading Your Accounting System

Jan 13, 2017

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 […]

Investing at a distance

How to Analyze a New Market for Your Rental Property Investing

Nov 5, 2016

The best perk about being comfortable with investing 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 property. Today’s technology […]

Using a ROBS in real estate

Have a Large 401(k)? Consider a ROBS

Jul 11, 2016

Real estate investing requires capital. If you don’t have much available, a ROBS might solve your problem. This article analyzes a ROBS strategy.