Property Management Blog

By Kevin Cawley

How to Identify a quality cost segregation study

How to Identify a quality cost segregation study in ChicagoLooking for cost segregation studies can be quite daunting. A search will result in many options some of which include computer models, alternatives, and workarounds accompanied by risks. You assume a cost segregation stu...

By Aaron Zimmerman

How to Be An Ideal Client For Your CPA

In a recent article, I discussed all the ways your CPA can add value to you. Now, let’s turn the tables around back on you. People like to do business with people they know, like, and trust. Here are four tips for how you can be an ideal client for your CPA.Be OrganizedBein...

By Aaron Zimmerman

The Ways Accountants Provide Value

In this article, I intend to detail some of the ways a great CPA (Certified Public Accountant)/EA (Enrolled Agent) can provide value for tax preparation and the tax planning services. Tax preparation is ensuring you and your rental businesses are complying with the required...

By Aaron Zimmerman

The Inside Scoop on Multi-Member LLCs For Your Taxes

LLCs are frequently talked about within real estate circles. Most people are aware of the asset protection benefits that LLCs provide. However, the important tax implications are not as often highlighted. In this article, I will be discussing key terms, what you need to know abou...

By Aaron Zimmerman

The Closing Statement: A Treasure Trove of Important Information

When you close on a property, at the closing you are going to receive the Closing Disclosure. This will show you, amongst other things, your principal and interest, mortgage insurance, escrow amounts, and cash to close. However, in terms of accounting, there is so much more infor...

By Aaron Zimmerman

Best Practices For Preparing Rental Property Financials For Your Taxes

Following up on the last article I wrote about bookkeeping and the importance of it, it is now time to prepare this information for your tax return. During the year, you will have had many transactions that you need to appropriately classify for your expenses. Whether you’r...

By Aaron Zimmerman

5 Best Practices for Keeping Accurate Records

This is one area that real estate investors often bemoan and dread before tax time. However, it does not have to be that way. There are simple, practical solutions that you can make to keep better records. In this article, I’ll go through why keeping detailed records are im...

By Aaron Zimmerman

The Best Retirement Account For The Self Employed

While it is increasingly more popular to become an entrepreneur, there also needs to be some consideration for setting yourself up for future growth. In traditional W-2 jobs, there are 401(k)’s that function as excellent retirement vehicles with some restrictions. When you&...

By Aaron Zimmerman

Seller Financing Explained

Do you understand how seller financing can benefit both parties in a transaction? Many investors are aware of the benefits that seller financing provides the buyer. However, few buyers understand how advantageous seller financing can be for the seller from a tax-perspective. The ...

By Aaron Zimmerman

Developing Your Tax Strategy With Your Tax Advisor

There is a wise motto that it is best to be intentional, and estate and tax planning are no exception. Real estate investing offers significant tax benefits (discussed in my previous articles and more to follow in the coming weeks and months), and it is best to proactively craft ...