Profit through precision: Real estate accounting strategies with Christanne Wright

Episode 5

In episode 5 Logan Ransley talks tax strategies with CPA, Christanne Wright, exploring how real estate investors can leverage tax law.

Welcome back to episode 5 of The Profitable Rental Podcast by Landlord Studio! Today, Logan Ransley (Landlord Studio’s co-founder) discusses tax strategies with CPA, Christanne Wright.

Top Tips From The Episode

Christanne talks about the importance of keeping good records not only for tax preperation, but to enable you to make better decisions for furthering your portfolio profitability. "You want to be able to pull reports that are going to give you data that helps you with your decision making, and that's why I enjoy using Landlord Studio with clients." She goes on to stress the repercussions should you fail to manage your real estate accounting properly, "If you don't keep good records, and the IRS is so dependant on record-keeping, that you run the risk of having a lot of, or even all of your expenses excluded from your tax file."

Part of property management is making sure you have the processes and systems in place to streamline your income and expense tracking. "I know most people who receive rent in cash put it in their wallet. If it's in your wallet, you're not putting it into your business so you can't make decisions with it. I find using platform like Landlord Studio gives my clients the ability to do everything they need to in one place."

Related: The Best Way to Collect Rent Payments From Your Tenants

Find Christanne Wright

Christanne is a real estate expert CPA who has a magnitude of experience helping real estate investors minimize their tax bills each and every year.The Profitable Rental is a podcast by Landlord Studio where we interview real estate experts and discuss practical advice on how to build the most profitable portfolio as a real estate investor.


Instagram: /yourwrightresource

LinkedIn: /christanne-wright

About Landlord Studio

Landlord Studio is the leading property management and accounting platform on the market with over 40,000 properties currently managed on the system.

Manage every aspect of your portfolio, from real estate bookkeeping and accounting to online rent collection. You can even automate late fees and rent remnder emails, collect tenant payable expenses online, store documents, manage property maintenance, screen tenants, generate reports and more.

Plus, our plans start at free. View pricing plans →

Don't miss the next episode

The Profitable Rental is a podcast by Landlord Studio. We interview real estate experts and discuss practical advice on how you can build a profitable real estate portfolio.

Stay tuned for the next episode where we’ll get stuck into even more tax strategies for landlords to maximize profitability and stay on top of their numbers.

Subscribe to our channels and never miss an episode YouTube | Apple Podcast | Spotify