All Forum Posts by: Annie Zambito

My mentor and realtor of 44+ years has been in my life since I was… Actually since before I was born. My mom and my mentor went to high school together! My mom found a stock certificate my mentor had given me on my third birthday.

A certificate for the purchase of one share of OshKosh B’Gosh stock dated February 22, 1990.

What in the bloody hell am I supposed to do with this? LOL I’m very grateful, but even she was at a loss for words. It’s a physical piece of paper. It might not be worth anything, but would really appreciate advice !

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I don’t know how/if I can post a photo but I just saw the following in showing instructions, and had to share (picture proof available, copied verbatim):

“

LOCKBOX:

Supra/front door- how easy is that?!

SHOWING INSTRUCTIONS: Go direct! Send offers to: xxxxxxx

DO NOT INCLUDE A STUPID LETTER WITH STUPID FAMILY PHOTOS OF YOUR BUYERS SHOWING OFF HOW CUTE THEY LOOK. The seller has NO PROBLEM selling this house to ugly people. If you must include a buyer photo FOR THE LOVE -take a cute picture of their bank account balance and credit score. Agent has financial interest in the property.

“

Hope this makes you smile - although you really have to see the full MLS data sheet to give this man justice.

He has a point. What are we doing with these letters?! I’ve decided they could be used as ways to discriminate against fair housing and will not include them with my offers anymore. I used to be a very big believer in them and I am no longer! This is not what real estate’s about. Photos and love letters? No this is about generational wealth folks.

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@Alex Kovalenko

1) find another friggin tenant because there are plenty of people looking. Advertise ‘proof of either income or 3mo rent + background check required’

2) look up your state fair housing regulations as well as landlord tenant law.

Of course you have the right to require potential tenants to prove they can afford to live at your property, right? No proof? No dice. Shady.

And think about it: don’t you have the right to refuse tenancy to sex offenders and violent criminals? Well that requires looking at a background check! So yes you can require a background check - and if they say no you can ask them to leave your office :-)

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Thanks Bill!!

Originally posted by @Bill Hampton:

Annie,

I recommend finding an accountant that specializes in real estate taxation over one that is local. You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return. You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.

Good luck and let me know if I can be of assistance.

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Thanks Sean!!

Originally posted by @Sean O'Dowd:

Hey Annie! I'm in Chicago but I've worked with Wisconsin realtors (my company is a transaction coordination company) and know even more Wisconsin realtors.

Honestly, you're not being picky at all. I know of a couple CPA's in Wisconsin that focus on real estate, and I'm not a resident! There's definitely someone in Wisconsin who can give the exact expertise you're looking for

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Thank you Corina!!

Originally posted by @Corina Eufinger:

Annie, you aren't being too picky! I'm trying to get up the courage to leave my accountant. Here is a recommendation for you: Eric Trost of SVA (pricey but comes highly recommended by over a dozen investors). Another one to consider is Daniel Hyman. You can find him here on BP.

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awesome Cody send me his contact info! Thank you!

Originally posted by @Cody Neumann:

@Annie Zambito

I have one that I work with in Madison that I have had good luck with. Mainly works with realtors and is an investor himself

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Ok I’m at my second CPA interview this year. Am I being too picky?!

I do want a CPA that specializes in real estate. Or at least has an established clientele with real estate interests.

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Originally posted by @Bryan Caprioli:

@Annie Zambito Depending on the size of the property, I may be able to help on the management front. We currently manage 22 units in Lake Geneva.

Alrighty, Bryan! Thank you for reaching out. Am I safe to assume you specifically manage Multi-family properties with 5 or more units?

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All Forum Posts by: Annie Zambito

Annie Zambito has started 7 posts and replied 22 times.

Post: Old Stock certificates

Post: Old Stock Certificate

Post: “FOR THE LOVE” Buyer Love Letters to Sellers

Post: Good Tenant? Refuses to do background check

Post: CPA for Realtors in WI

Post: CPA for Realtors in WI

Post: CPA for Realtors in WI

Post: CPA for Realtors in WI

Post: CPA for Realtors in WI

Post: Lake Geneva, WI: 1 hr N of CHI 1 hr S of MKE