Property Management Accounting

Accounting for Shared Property Rentals

Staying on top of your accounting is difficult enough to manage. Now that you have a property with Airbnb or Vrbo, that confusion just went to a whole new level. Fortunately, the Messari Group are experts in navigating the tax code associated with shared property rentals. We’ll not only make sense of your taxes, we’ll help you understand what it all means for your bottom line.

Helping you understand your taxes is only the first step. We also help you find advantages that could save you money, and identify risks that may dig into your profits. Whether you let out just one room or have a full home for rent, we’ll make sure your accounting is done right.

Accounting for Long-Term Rentals

If you have a long-term rental property with good tenants, you’ll likely want them there for a long time, but after a while, it’s easy to lose track of your accounting. What questions should you be asking?

• When should I raise the rent?
• Did I miss a tax deadline?
• Am I properly accounting for all my expenses?
• What real estate taxes have changed that affect my rental properties?
• Am I still getting the most revenue out of my rental?
• How has the property appreciated?
• What should be my next move?

At the Mesari Group, these are just a few of the questions we answer for you. We know how to make sure you are properly reporting to the IRS and avoiding risk. We’ll help you find tax advantages so you get the most from your rental income. And of course, we are current with all local, state and federal legislation that may impact your rental property and income.

As expert and experienced real estate Certified Public Accountants (CPA), we make sure you know how much you’re really collecting, how much you’re spending and where you can become more efficient.