Cody Z.
Fellow CPAs: What automation-related advisory services do your clients need most?
29 March 2024 | 0 replies
I wanted to get some feedback from folks who are actively serving clients and see potential areas where their clients have unmet needs.Business intelligence solutions: Data visualization and storytelling to help clients make data-driven decisionsScalable finance and accounting workflow automation: Using ETL tools to streamline processes and reduce manual workOverall workflow solutions: Automating routine and manual tasks to increase efficiencyProcess-level written documentation and standard operating procedures: Ensuring consistency and clarity in business processesDynamic Excel workflows: Enabling users to model data effectively and efficiently at scale"From my experience, if folks have at least a sizable number of properties (25+), they could likely benefit from these areas to increase efficiency, reduce costs, and ultimately improve ROI.I'm eager to hear your thoughts and insights on the automation-related needs you see among your clients.
Ryan Leake
STR Data in Austin, TX - # of Guests, Average Daily Rates, Occupancy %...
28 March 2024 | 3 replies
Essentially, we extracted the ADR and occupancy rates to see the variations between potential revenue based on how many guests are able to stay at the properties.The goal is to shed some light on the different levels of demand depending on the # of guests allowed as well as to see which months attract the highest demand (hint: it's March, April & October).
Pierre Eade
DSCR Lenders or HELOC on Investment
29 March 2024 | 9 replies
That enabled me to continue growing my portfolio.
Allan Pan
Seeking Advice on House Hacking Opportunities Near San Diego
28 March 2024 | 5 replies
My ideal scenario involves acquiring a 2-4 unit property or a single-family home with an ADU, enabling me to leverage rental income to qualify for a larger mortgage.
Lauren Kormylo
VRBO Photo Debacle
28 March 2024 | 22 replies
Perhaps sharing a report on click-thru rates of our listing pics to enable hosts to make their own decisions would have been a better use of their time.
Victor Lo
Hi from San Diego! 👋🏻
26 March 2024 | 16 replies
Most of mine have infinite ROI, but I have 3 that for various reasons were not refinanced to extract my investment (one had no value add, the other 2 have not been refinanced to extract the over $1m value increase due to rate increases).
Paul Novak
Expand Or Payoff
27 March 2024 | 12 replies
You could do a 1031 into a DST, thats entirely passive.If you extract 10M equity equity and invest conservativley with a 5 CAP thats $500,000k a year in todays money.
Al Seward
If I house hack first, how can I afford my single family home a year later?
27 March 2024 | 10 replies
A reduced down payment while using an FHA loan for house purchase may enable greater money for upcoming costs or investments.
David C.
How to fund a solo 401k with rental properties
26 March 2024 | 9 replies
In this situation you can't just form a sole prop or DRE property management company with the goal of reporting the management fees extracted from the rentals on Schedule C.
Arda Bircan
Short Term Rental Tax Loophole for Physicians
26 March 2024 | 34 replies
If the rental income significantly exceeds the normal write-offs (standard expenses plus standard depreciation) then there are options including extracting value via a refinance (reduces the cash flow), do a brrrr or other costly value add, or do cost segregation.