Property Management Blog

By Kevin Cawley

How Cost Segregation Can Lower Your Property Tax Bill

Do you own any stocks that you're thinking about selling? Are you also an owner of a commercial property? If so, it just might be time to consider cost segregation. Cost segregation could lower your taxable income.This will make your capital gain less when you sell stock and ...

By Tom Shallcross

Cut Your Rehab Costs Through Illinois and Chicago Enterprise Zones

Want to cut down on your rehab costs? Then familiarize yourself with Illinois’s Eneterprise Zone Program to minimize material costs. Straight from the state’s website, the “Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhoo...

By Aaron Zimmerman

When You Need Tax Advisory Services (And When You Don’t)

During an investor’s journey, there are many times when professional assistance is required. One of the most common questions after explaining our services is, “Do I need tax advisory?”. The answer, as with many things in this world, is “It depends”....

By Kevin Cawley

The Effect Of Cost Segregation On Recapture

While there's a relationship between cost segregation and recapture, the cause and effect aren't as closely linked as you might think. For example, if you're not planning to hold on to your property for at least 3-5 years, accelerated depreciation may be of little ben...

By Aaron Zimmerman

Switching Accountants? Two Tips To Ensure Accuracy For Your Tax Return

From time to time, we outgrow our current accountant. At that point, it is always wise to switch to another accountant that is best suited for your needs. When this occurs, you provide the new accountant your prior year tax return. It is absolutely crucial you provide them with t...

By Aaron Zimmerman

Working With Your Tax Advisor, Develop Strategies To Reduce Your Taxes

If you want to maximize the benefits of investing in real estate, craft a proactive strategy for maximizing tax savings and other benefits for your business. Here, I explore each component of the tax return, starting with the federal portion.Overall Outlook on Tax Rates Base...

By Aaron Zimmerman

Documents You’ll Need for Your New Accountant

Switching over accountants can be a messy transition. However, it does not have to be that way. By knowing the documents you need to be responsible for, it will make you better prepared. Generally, the investor that is most prepared will get their tax filing done in a timely fash...

By Aaron Zimmerman

Top 4 Mistakes in Rental Property Bookkeeping

After a long tax season, I'm finally ready to get back into writing articles. This year taught me a lot with seeing what various clients do for their bookkeeping (or lack thereof). In this article, I’ll be discussing the most common mistakes I saw during this year and w...

By Mark Ainley

BRRRR Chicago Strategy

BRRRR is an acronym that stands for: Buy, Rehab, Rent, Refinance, Repeat. This strategy of real estate investing has become popular among investors who may not have the 20-25% down payment to invest in a long term deal or for seasoned investors who want to do more dea...

By Mark Ainley

Three Of The Best Methods Of Real Estate Investment For Beginners

I get asked this question frequently: “What would you do if you were starting over?” I answer: It depends. It depends on the circumstances in my life. It depends on how much money I have at the time. It depends on how much time I would have.What I’m going to do ...