Property Taxes

November 22, 2016

Year End Planning Questions

Tick Tock…..time stops for nobody. We are quickly approaching the end of the calendar year and for most investors and property managers that means the end of your tax year, too. As such, it’s time to consider how to best wrap up your 2016 for maximum effect towards your Financial Freedom.  Here’s some boxes to flip up the flaps and peer into: YTD P&L:  Yes, it seems like this should be self-evident.  But after counseling hundreds of investors and property owners, what constantly comes across is how frequently this review gets skipped, especially when profits are strong.  However, doing a quick review now is beneficial to compare the P&L to past years to confirm if any expenses are perhaps out of line–both too high and too low.  Both can be valuable indicators of something to dig into deeper.  (Sidenote:  To get a quick and accurate ROI on your property’s profitability […]