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Money-saving Tool Available for Real Estate Investors

But there’s help. A new service created by three real estate experts enables property investors to quickly identify and track personal property, or “chattels,” to accelerate their depreciation deductions.

Chattel Appraisals – an easy-to-use online valuation tool provided by Dolf de Roos, a real estate investor and author of the New York Times best-seller “Real Estate Riches”; Thomas Wheelwright, a real estate tax expert; and Marshall & Swift, a leading real estate cost data provider – allows property investors to quickly improve their bottom line by maximizing tax depreciation benefits.

Before the release of Chattel Appraisals, cost segregation studies were typically expensive and reserved for commercial investors. Now, residential property investors have the ability to log on to www.chattelappraisals.com and prepare summarized reports of personal property values at a fraction of the cost of a typical study.

“We are thrilled to provide our clients and other real estate investors with this powerful tax tool,” said Wheelwright, who is managing partner of DK Advisors, a financial consulting firm. “Our experience over many years shows that a strong chattel appraisal can often triple or quadruple the depreciation deductions on an investment property in the early years. And the IRS specifically recommends Marshall & Swift data in their audit guide for chattel appraisals.”

At a price of 9.95, Chattel Appraisals can save a user thousands of dollars on taxes each year. The service is available for owners of single-family rental properties and multi-unit rental properties of up to 10 units.

“Chattel Appraisals will enable thousands of investors to get cash flow from investments through tax benefits that, in many cases, can turn a losing property into a cash-flowing property,” Wheelwright said. – NU

There are various tax planning tools available, in the Income Tax Act, 1961 of India, to save taxes or reduce tax liability. For same, one need to understand and plan his expenses, investments etc in such way that tax liability is reduced or neutralised. This video explains on that what are those tools – Sulabh Lohia (Chartered Accountant)
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Real Estate Accounting – Best Deal to Improve Accounting Tasks

Anyone in the real estate business would know for sure that Real Estate Accounting is the cause of headache, stress and tension. This is because real estate accounting is a lot different from the normal accounting for other businesses. It involves a lot of professional help as the standards and procedures are way different. Since it’s a requirement to maintain a fair set of accounting books, Real Estate Accounting become important to the business. In making the accounting more important sometimes the entrepreneurs themselves forget the business and keep track of the account which often leads to heavy losses. Neglecting the business is not a solution to solve these problems nor is hiring a very expensive profession. The professional will charge a heavy fee and in these times of recession and on going depression, a CPA comes in as highly expensive. Real Estate accounting firm gives one a just the right way out.

Real Estate accounting firms solves all your real estate accounting troubles in a minute and the best advantage about them is that they are a lot cheaper then a normal CPA professional. Below are reasons why one should hire the help of Real Estate Accounting than of any other source and how it might be profitable for the entrepreneur as well as the business.

The first advantage of Real Estate accounting services is that they are cheap. Way cheaper than normal professional. Hence with the current economy and the cost cutting methods this is a perfect way out. One can stay in the market, compete with the peer group companies and also make healthy profits with just a simple informed decision of hiring Real Estate Accounting. Another benefit is that since it’s a firm and handles the accounts of many companies it knows which policies are the best for the company and how to maximize profits by manipulating accounts.

The second reason why one should hire Real Estate Accounting is because accounts are like the face of a company and a lot of people read the accounts. Stockholders, stakeholders, creditors, debtors, clients, prospective investors, banks and the government look at the accounts of a company. Thus to make these people interested one has to make the accounts look attractive and Real Estate Accounting is a sure shot way to achieve that.

Real Estate Accounting makes the entrepreneur relaxed and tension free as he knows that the boring and mundane issue of managing accounts is now handles by professionals at half the cost. The entrepreneur can now think of the core aspects of the business such as growth, acquisitions and staying a step ahead of the peers. This way the funds as well as the business are well handled.

Lastly, Real Estate Accounting is a boon for small firms as well as big ones as outsourcing increases on a daily basis and the real estate market is falling sharply. With business firms going bankrupt and insolvent due to the falling rates of real estate, Real Estate Accounting becomes a god sent.