You can make more money by having a good real estate accountant.
All real estate investors need a quality real estate accountant on their team.
Not just any real estate accountant though. As a real estate investor, you need to ensure that your own real estate accountant is a real estate investor as well.
Accountants who invest in real estate themselves, understand what real estate investing is all about. Thus, they are able to relate very easily to their clients. Their clients being of course, real estate investors. Further, real estate accountants understand real estate investors well because the same tax implications and tax deductions allowable to real estate investors would apply to them as well. After all, they are real estate investors themselves!
It is important to remember that real estate accountants have a large amount of specialized knowledge. With this specialized knowledge they are able to help you deduct more expenses than an accountant with no specialized knowledge regarding real estate investing.
When you truly start adding up the numbers, and look at your tax return each and every year, there is no questions in my mind that a good real estate accountant will both save you and make you money.
Even if you have just one property in your portfolio, you need a good accountant that specializes in dealing with real estate investors.
My very own real estate accountant, George Dube, wrote a timely article over at his blog. It is a great article called, What is a Real Estate Accountant? George does a great job in breaking down what exactly a real estate account is.
Do not underestimate the importance of having a quality real estate accountant on your team. They are one of the most important members of your real estate team.
Best Regards,
Neil Uttamsingh
ps: If you are serious about real estate investing and need advice on how to get started, sign up to my blog today.
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