All Forum Posts by: Rachel Mazzanti

Who to hire for tax book keeping on long term rentals? I have 3 SFH and i need to hire someone to manage books and expenses for tax purposes.

What business entity should I should I structure my fix and flip business and what are some tips I should should keep in mind so me and my partner are protected ? 

I’m Drake, a new investor in the Lehi, Utah area.  (Where Footloose was filmed!).  I'm new to the real estate investment game and I'm a bit nervous about dipping my toes into unknown waters.  I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.

My goal is to build a good cash-flow portfolio to ease into retirement.  Turn key rentals seem to be a good way to go, but I'm also trying to learn about other more passive strategies.  Currently, I'm trying to find a tax strategist that will help me learn how to manage tax situations.

Looking forward to learning and contributing as I can.

Hi Everyone,

I’m looking for an experienced real estate bookkeeper to assist with managing my growing portfolio of rental properties in Southern Maine. If you or someone you know can help, please feel free to reach out!

Best regards,
Michael

 thank u but i heard cpa have better credentials 

What software is everyone using for job costing on flips? I know quick books will work but I was curious if there is something out there that already has all the detailed costs input where I would only need to add the basics about the property. My accountant and bookkeeper have been dropping the ball and just seeing if there are sofware options available I may not be aware of. 

Hi everyone,

I appreciate the time taken by everybody to respond.

Apologies if I was not clear enough with what I am in search of.

Essentially, I would like to find somebody to work with ‘one on one’ on how my property is performing.

I would like to have a third-party consultant get into my personal specifics/goals/situations and 'the numbers' associated with my property.

I would like to analyze things like ROE, IRR, my projections for the future and how this all fits in fiscally to my 10-year plan.

I am happy with how I have things set up with the house currently.

But an impartial, 3rd party perspective is something that would be valuable to me.

It’s not always easy to take a 40,000-foot arial view at your own situation.

So, essentially, I am searching for a recommendation for a consultant that would break down my property with me and discuss whether I should sell it, keep it, discuss the numbers and how they look both short and long term.

My Question:

Does anybody have any recommendations for a professional consultant they have ALREADY worked with that can provide the services/expertise outlined above?

Thanking everybody in advance for any recommendations provided.

I am looking for an Accountant / CPA who can assist me with best practices as it relates to organizing my real estate business from a tracking/finance perspective. (what to do and what not to do) as I am buying in my name for now. Someone who would be open to sharing their experience with the correct way to organize finances for my portfolio. I am also seeking ongoing Tax planning and will need personal / business tax filing, eventually moving to an LLC. 

(Expense/Income) best practices - I am currently using spread sheets and do a good job of tracking dates/invoices..etc. 

If anyone has contacts / or offers these services, Let's connect as I would like to learn more. 

I do own a rental and plan on scaling! I live in CA and have rentals in Ohio. 

-Bret