All Forum Posts by: Aaron Zimmerman

Bookkeepers can perform reconciliations and make your books look presentable. 

Accountants is a pretty broad title. But what you’re likely wanting is a real estate cpa that can handle your tax return and advice. 

I would second the simple spreadsheet. No need to over complicate it . If you want to take pictures of some of the work you did, you could save that in a Google drive as well. 

Great post. Thank you for sharing! 

Yes - you’ll want to talk to a real estate CPA. It’s crucial that your STRs get reported correctly and that documentation is solid in the event of an event.

Ideally you would have met with a cpa before doing a cost seg so you know that you’d be able to use the accelerated depreciation. 

It's not a bad idea just depends how much effort and $ you want to put in. I've bought all my rental properties on the MLS.

I’d recommend reaching out to a few different accountants to see who you connect well with. BP has a good list of people that can service your situation. I’d recommend not limiting your search just to Atlanta. 

Following 

@Jonathan Klemm would have great insights on this. He’s a general contractor in Chicago that does large rehabs and buildings. 

@Bruce D. Kowal - great tips especially in this real estate market for commercial assets. Very important LPs hold the GPs responsible. 

I would generally say no if you don't have a property unless you're looking for peace of mind knowing that you've set your financial life properly.