Expert tax preparation and consulting for both long-term and shared property rentals such as Airbnb and Vrbo
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.
Expert and Seasoned Advisory:
- Tax preparation
- Tax consulting
- Bookkeeping consulting
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.
More than one rental property?
If you have many properties, your taxes and accounting can be daunting, but that’s where we come in. We make sense out of all of it as we’ve done for our real estate clients over the last 20 years. From a single family rental to multiple complex units, we’ll make sure your accounting is done correctly, regardless of the number of properties you have.
We’re not only accessible, we’re proactive
Most importantly, we make sure to communicate with you so you always know where you stand, and what your advantages are as well as your risks. You may not need to know all the intricacies of real estate tax law, but we want you to be informed so you can make the best decisions possible. That’s why we’re accessible.