Aly Montgomery’s Post

Wary of hiring help for real estate investing? Many "gurus" just take your money. Seek true professionals with credentials in real estate—contractors, attorneys, CPAs. Their expertise and proven track records will help you succeed the right way. #realestatedeals #realtorproblems #realtormemes #nyrealtor #homeforsale #realestateagentlife #realestateadvice #CPA #taxadvice #Taxhacks #homeowners #financialfreedom #taxfree #miamirealtor

Dive into the benefits of hiring a tax professional for your real estate investments in Kansas City. Alpine property management explains how an expert can navigate the complex tax landscape, ensuring you maximize deductions, comply with local and federal regulations, and avoid costly mistakes. From handling intricate details of depreciation to identifying often-overlooked deductions, a tax professional brings invaluable insights and peace of mind. Learn how their expertise not only leads to potential savings but also frees up your time to focus on your investment strategy. Whether you’re a seasoned investor or new to the property market, discover why an experienced tax advisor is a key player in your financial team. 🏘️📉🔍 #TaxAdvisor #RealEstateInvesting #KansasCity #FinancialWisdom #PropertyManagement

Reality check: Real estate ownership isn't always a walk in the park. 🚫🏠 - The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Joint Ventures involve risk and may result in partial or total loss. Prospective members should carefully consider investment objectives, risks, charges, and expenses and consult with a certified public accountant (CPA), tax advisor, or legal advisor before deciding. For additional information, visit www.icradd.com/disclosures.

💡 The role of executors in the field of trusts and estates has undergone significant transformations, expanding well beyond traditional duties of will execution. In today's dynamic environment, executors are tasked with intricate responsibilities such as wealth distribution, tax calculations, handling digital accounts, and managing legal paperwork. Check out our recent blog on the evolving landscape of executorship, emphasizing the importance of understanding current trends in compensation here: https://lnkd.in/g-has6cJ #TrendsinCompenation #Executorship #LegalTech

Thinking about diving into property investments but feeling hesitant? Let's address some of the common concerns and how to navigate them: 1. Finding Profitable Properties - Challenge: Locating properties that will provide a good return on investment. - Solution: Utilize market data, work with local experts, and focus on emerging neighborhoods with growth potential. 2. Financing the Investment - Challenge: Securing funding to purchase investment properties. - Solution: Explore various financing options including conventional loans, hard money loans, or partnerships to spread financial risks. 3. Managing Rental Properties - Challenge: Dealing with tenant management and property maintenance. - Solution: Consider hiring a property management company to handle day-to-day operations and tenant relations effectively. 4. Understanding the Tax Implications - Challenge: Navigating the complex landscape of real estate taxation. - Solution: Work with a tax advisor who specializes in real estate to maximize your deductions and understand your obligations. 👥 We want to hear from you! What are your biggest fears or questions about real estate investing? Share your thoughts and experiences in the comment section below. Let's demystify property investment together! Visit https://lnkd.in/gwvhMBEV for more insights and support on your investment journey. #RealEstateInvestment #PropertyManagement #RealEstateFinance #TaxTips #RonnieRussellRealty

👇 If this is your CPA…you are not getting all the deprecation you should be getting on your tax return 😂 🏆 At Gibson Capital our CPAs have time to find investors maximum depreciation by performing cost segregation and even bonus depreciation. 📨 All our investors do on 4/15 is provide their CPA with the K-1 tax form that has it all done already by our experts. 💰Investing in real estate with the RIGHT operating team, which includes the RIGHT accounting team, can help save high income earners tens of thousands of dollars on their tax returns when done right. 👉 Want to learn more about our multifamily real estate opportunities and how you might be able to benefit from our accelerated depreciation strategies as well? ✨Message “MORE” in the comments ✨Or follow us at GibsonCapital.co/invest

In the excitement of a new property venture, it's easy to misclassify expenses during the pre-acquisition stage. Here's the common mistakes you should avoid when your in this stage.Here's a list of common expenses that can be mistakenly recorded during the pre-acquisition stage in real estate bookkeeping: 1. Non-Capitalizable Costs 2. Due Diligence Costs 3. Financing Costs 4. Initial Repairs and Maintenance 5. Marketing and Advertising Expenses 6. Property Taxes and Insurance 7. Administrative Costs

Unlock Success with Experienced Real Estate Professionals When it comes to real estate investments, having the right team of professionals by your side can make all the difference. At Live Here Buy There Group, we emphasize the importance of working with experienced real estate agents, lawyers, and accountants who specialize in real estate investments. Real Estate Agents: Our team of knowledgeable and skilled real estate agents understands the intricacies of the market, helping you find the best investment opportunities that align with your goals and budget. Lawyers: Legal matters in real estate can be complex. That's why we collaborate with experienced real estate lawyers who can provide valuable guidance on contracts, negotiations, and legal compliance. Accountants: Understanding the financial aspects of real estate investments is crucial. Our network includes experienced accountants who can help you navigate tax implications, financial planning, and investment strategies. By leveraging the expertise of these professionals, you can mitigate risks, maximize returns, and achieve your real estate investment objectives with confidence. Ready to build your dream real estate portfolio? Contact Live Here Buy There Group to connect with our team of experienced professionals and take the first step towards success! Partner with Seasoned Professionals for Your Real Estate Journey - Contact Us Today! Does this message align with what you're looking to communicate about employing experienced professionals for Live Here Buy There Group?

Are you a #personalinjuryattorney seeking to optimize your practice's financial management? Look no further ... At RCO TAX, we specialize in providing expert financial support tailored specifically for personal injury attorneys. By hiring a personal injury financial specialist from RCO TAX, you gain access to a range of benefits: ⦿ Expertise in PI Financial Matters: Our specialists are well-versed in the unique financial aspects of personal injury cases, ensuring compliance with regulations and maximizing client outcomes. ⦿ Streamlined Financial Processes: We streamline complex financial tasks, saving you time and effort so you can focus on your legal practice. ⦿ Optimized Fund Management: Our specialists optimize #fundmanagement to ensure your clients receive their full entitlement, enhancing the impact of their compensation. ⦿ Financial Guidance and Support: We provide personalized #financialguidance and support, helping you make informed decisions that benefit your clients' financial interests. ⦿ Risk Mitigation: Our specialists help mitigate financial risks associated with personal injury cases, ensuring compliance and minimizing errors or disputes. ⦿ Enhanced Client Satisfaction: By effectively managing financial aspects, we contribute to enhanced client satisfaction, leading to a positive experience and improved reputation for your practice. Ready to unlock the benefits of hiring a PI financial specialist? Schedule a complimentary consultation with RCO TAX today: https://lnkd.in/gV92mBRT We would be happy to assist you. #PI #lawfirmaccounting #legalsuccess #businessmanagement

What You Need to Know About Real Property Income and Expense Statement Filings-New York City Administrative Code § 11-208.1 The City of New York enjoys a wide variety of ways to regulate real property within its boundaries. For those properties not in compliance with the various rules and regulations, the City can impose monetary penalties, which if remain unpaid, can be transferred to the Department of Finance for assessment on a real property tax bill. One of the existing, yet lesser known regulations can be found at New York Administrative Code § 11-208.1- Income and Expense Statements. This section of the NYC Administrative Code requires that certain income producing properties with an actual assessed value of more than $40,000.00 must file a Real Property Income and Expense Statement (“RPIE”) before June 1 of each year containing rent roll information for the property. Once filed, this information is used to determine an accurate value of the property for the following tax assessment year. Failure to file a timely RPIE will result in penalty fees that will increase for each year that an RPIE remains outstanding. At Stewart NY Metro, if a property owner subject to RPIE filings fails to file, a notation regarding such failure will appear on a routine tax search included in our title commitment alerting all parties that a penalty fee for a late filing may exist. Best Practices: if it is confirmed that the premises at issue is subject to RPIE, it would be prudent to ensure that same is addressed prior to closing by (1) reviewing the municipal tax search to see if there is an open RPIE notation; (2) requiring that a filing be had prior to closing and that all penalties are paid prior to transfer to the Department of Finance; and/or (3) similar to the adjustments made for future tax restoration, the parties may want to consider a monetary adjustment or escrow between the parties to account for a penalty that could appear on a future real property tax bill, as a penalty fee entered on the tax roll after the date of a title policy will not be a covered event. For helpful RPIE resources, which include penalty fee amounts, properties subject to exemption and a general question and answer section, together with links to those properties located in the five boroughs which failed to file RPIE statements as of June 1, 2022 visit the NYC Department of Finance Property page.