Red Team News: The 7 Guides When Selecting a Property Management Company sneak peek

Are you a current property owner who wants to ensure you’re getting the best return on your investment?

Red Team Real Estate is proud to announce that our very own Michael Mayes is publishing his first book, The 7 Guides When Selecting a Property Management Company. Set to debut in 2016, this book goes far beyond simply selecting a property manager. Inside you will find a wealth of information, tips and secrets that all current and would-be investors should know. Ready for more? Here’s a sneak peek of one of the topics Michael will cover:

Investor’s Technology

What Landlord would want to pay more than necessary for interest or any other day-to-day operating expense? None, of course! So why are so many paying more taxes on their rental income than they have to?

Well, my guess is they just don’t know how Rental Real Estate can provide more tax benefits than almost any other investment. Failing to take advantage of all the tax deductions available could make the difference between losing money and earning a profit on a rental property.

Real Estate Managers have a responsibility to help their Investors achieve their financial goals for their properties—Property Management Companies like ours at Red Team Real Estate, use advanced technologies and industry leading practices to help you and your investments operate at their fullest potential.

Want to learn more about Investor’s Technology? Check out our latest article, New Trends in Property Management: Tax Time is Almost Here… Are You Prepared?

There are only 168 hours in a week and your Property Manager should be working smart and using them wisely! Owning real estate is a business and should be treated as such. Just because someone agrees to collect the renter’s check, does not ensure they are looking out for you best interest…

The 7 Guides When Selecting a Property Management Company, coming soon in 2016!

 

Winning. Clients.

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

New Trends in Property Management

Tax Time is Almost Here… Are You Prepared?

Part 2: Technology for Investors

The objectives of investment in Real Estate have traditionally been income and appreciation in the value of the property. But there’s much more to the story—there can be lucrative tax advantages as well: IF YOU ARE DOING IT RIGHT!

What’s an operating expense?

For tax purposes, you will figure your profit or loss each year from operating the rental property. Generally, you can deduct all expenses incurred to operate the rental. The following are potential operating expenses that are deductible:

  • Advertising
  • Cleaning & maintenance
  • Bank charges – if a separate account is maintained
  • Insurance – fire, casualty and liability
  • Utilities – gas, electricity, water, cable, etc.
  • Services – yard care, pool service, pest control, etc.
  • Rental commissions
  • Property Management fees
  • Mortgage interest – on debt to acquire or improve the rental
  • Property taxes
  • Repairs
  • Local transportation expenses
  • Homeowner’s or association dues
  • Tax return preparation fees
  • Depreciation allowance

There are so many variables when it comes to operating expenses, and because taxation can have such a significant impact on your cash return as an Investor, it only makes sense to have both knowledge and technology working for you!

The fact is, being aware of the tax laws which affect Real Estate is a major first step in making the most of your property, but that’s only part of the puzzle… There’s a lot of labor, paperwork, and “red tape” associated with this type of investment, so unless you are leveraging the benefits of the best technologies, you’re probably spending an excessive amount of time “saving” money.

C’mon, you know the saying – Time is money. So the real question should be… How much money are you spending on your investment?

Property Management Companies like ours at Red Team Real Estate, use advanced technologies and industry leading practices to help you and your investments operate at their fullest potential.

Are you ready to learn more about no-stress reports, augmented cash flow, taxable income, tax breaks for repairs, and how to save more through overlooked deductions? Contact us today and start up the conversation— this is one call that will be well worth your time!

Winning. Clients.

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

**Disclaimer: Red Team Real Estate is not a Tax advisor or CPA, and more specifically, we are not giving and cannot give tax advice. We do, however, work with CPAs and Tax Advisors to make sure our clients have the most current information for success.

Client Spotlight: SafeHaven of Tarrant County

Red Team’s December Spotlight features: SafeHaven of Tarrant County. Here’s their story!

“The mission of SafeHaven is to end domestic violence through safety, support, prevention and social change.”

This is a group that Michael Mayes supports and has even raised money by performing cartwheels at Holiday Events. Consider giving money to help those who are trying to get away from the horror of domestic violence and onto a new and better life.

We would love to help you too! Contact us today.

Educating for REAL Greatness,

Red Team Real Estate and Property Management

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.