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Tracking your rental property tax deductions is a crucial aspect of being a successful real estate investor.
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Understanding and accurately tracking your rental property tax deductions will enable you to identify areas of weakness and opportunities for growth, streamline operating expenses, and maximize end-of-year deductions for increased real estate portfolio profitability.
In this episode, we continue our conversation from episode 1 and dive even further into real estate mistakes and learning opportunities that can make you a better investor and the numbers that Sharon and Brandon pay attention to when analyzing a new deal or the success of their portfolio.
Sharon Lechter
Real Estate Investor
When it comes to finding a good CPA or accountant, Lechter advises, "Ask them how many real estate clients they have because you want to make sure they’re not learning on your dime."
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Minimize your tax liabilities by accurately tracking your rental property tax deductions with an industry specific property management and accounting system like Landlord Studio:
Never miss a tax deduction for your rental property again and scale your rental business with simplified accounting.
Stay on top of your finances throughout the year with powerful bookkeeping tools.
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Maximize property profitability by increasing deductions and decreasing your income tax liability.
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Accurate financial reports are essential if you want to operate a cash flow positive portfolio
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Grow your portfolio with positive cash flow properties with the right tools and knowledge.
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