A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Hi all,I am new to the online community but have been listening to bigger pockets podcasts for years.

Just requested a property management account.

Vet your contractors and hold them accountable.

My custodian does not have a money market or similar sweep account to keep idle cash earning.

The contractors who do work for me have zero issues with me sourcing the material if disclosed up front and not holding them accountable for any material issues.  

I didn’t know anyone in Alabama, so I called a few agents I found online and ended up picking one from BiggerPockets.

I’ve seen discouraging accounts about evicting S8 tenants and want to see if anyone has had success and how to go about it if she refuses to leave.

My recommendation would be to get approved as a Landlord, contact the director's office and request that an inspection be completed before a tenant is selected (sometimes they will do this as long as you select a tenant within 14 days - which you want anyways), and have an online application and screening resource in place.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.