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Posted by: Charles P Myrick CPA Posted on: Dec 20 2019

How to Reduce the Tax Burden for Your Rental Property

Are you a landlord or real estate investor who pays too much in taxes? Most rental property owners already have experience owning their own homes or other business. They might be surprised by how many tax deductions and other actions they can take to reduce the tax burden for investment property like rental property.

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Posted by: Charles P Myrick CPA Posted on: Nov 21 2019

How to Manage the Finances of Your Rental Properties

I talk with clients who want to invest in real estate. Some might be starting as a part-time landlord doing much of the maintenance and work. For others, it's a significant investment, and they are running a large operation with employees and many tenants. I advise all of them how important it is to do a good job of managing finances.

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Posted by: Charles P Myrick CPA Posted on: Jul 16 2019

How Can You Benefit From Hiring a Property Manager?

When I meet with clients for tax planning, I show them how the tax code favors small business. Even if they have a good job, adding a side business is beneficial. Investing in rental properties is one example. But, real estate investing is not for everyone - managing property or being a good landlord takes practice. That’s why many successful real estate investors and landlords depend on their property management companies. 

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Posted by: Charles P Myrick CPA Posted on: Jun 18 2019

The Security Value of Investing in Real Estate

Lately I have been talking with my clients about the value of having multiple streams of income. It's a way to protect yourself from the financial damage of job loss. As a small business owner you can't be fired or retired from your source of income. Moreover, adding additional income to your budget is an effective way to boost your wealth building and security in uncertain times.  

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Posted by: Charles P Myrick CPA Posted on: Apr 09 2019

How to Make Money in Real Estate

Some of my clients have been successful in real estate investing. As landlords and property owners they are using assets to build wealth. Do I think real estate investing is a sound way to make money? Yes, for those who understand the fundamental factors of economics and risk, real estate can be a solid investment.

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Posted by: Charles P Myrick CPA Posted on: Mar 05 2019

Why Real Estate Is A Reliable Way for Building Wealth

The clients that I see who are investing in real estate - landlords, property owners, and investors - are building future wealth with assets. Your real estate is a business for tax purposes and may allow you to take advantage of a lot of the tax deductions available to businesses. Investing in real estate is a solid way to build wealth as long as you have a clear business plan and an efficient tax strategy. 

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Posted by: Charles P Myrick CPA Posted on: Nov 06 2018

Do You Have Time to be a Hands-On Landlord?

Investing in rental properties can help you reach your financial goals. But, being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. That’s why many successful real estate investors and landlords depend on their property management companies. They say that a competent property manager can add significant value to the investment. Here are some of the benefits of skilled property management services:

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Posted by: Charles P Myrick CPA Posted on: Apr 24 2018

Advice for Becoming a Successful Landlord

Being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. But if you are thinking about investing in rental property or you are a new rental property owner, there are a few basic rules that will help you hit the ground running.

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