Real Estate and Taxes

[Daniel Kern]

Hello, We just got our taxes back from our accountant and again have a sizeable payment to make to both the state of NJ and Federal Government. We currently own 9 units which all cash flow well. What can or should I be doing to reduce the payments Im making in taxes each April for the past couple years? I read a lot about how real estate offers tax benefits, but maybe Im missing something (or need  a new accountant?) Any advice to prepare for my 2021 return? When I asked my accountant response was 
"do a lousier job of renting and managing the properties"   Thank you in advance.

[Christopher Smith]

All of my properties are profitable AFTER depreciation, that is the way it should be if you are doing things correctly. It means that you've made a sound economic analysis and your profits are high enough to make money AFTER all the tax benefits. That's good not bad.

Anyone who tells you to intentionally acquire inferior properties that lose money just so you can save a few cents on the dollar in taxes on that money lost is an utter dolt.