The landlord's financial tool kit

The landlord's financial tool kit

Michael C. Thomsett

Book - 2005

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Subjects
Real estate investment.
Real estate management.
Rental housing > Management.
Real estate investment > Accounting.
Landlord and tenant.
Published
New York : American Management Association c2005.
Language
English
Main Author
Michael C. Thomsett (-)
Item Description
"Cash flow, bookkeeping, record management, tax laws and regulations, write-offs, loopholes, depreciation, dozens of forms and worksheets"--Cover.
Physical Description
viii, 245 p. : ill. ; 26 cm
Bibliography
Includes index.
ISBN
9780814472354
  • List of Figures and Tables
  • Introduction: What This Book Will Do for You
  • Chapter 1. The Nature of Real Estate Investing
  • Chapter 2. Getting Started in Rental Real Estate
  • Chapter 3. Cash Flow: The Essence of Rental Real Estate
  • Chapter 4. Picking the Best Investment for You
  • Chapter 5. Bookkeeping Basics for Rental Property
  • Chapter 6. Keeping Track of Real Estate Transactions
  • Chapter 7. Creating a Timely and Efficient Accounting System
  • Chapter 8. Handling Depreciation for Rental Properties
  • Chapter 9. Understanding the Tax Rules for Real Estate
  • Chapter 10. Tax Reporting for Annual Income and Expense
  • Chapter 11. Including Real Estate in Your Portfolio
  • Glossary
  • Index
Review by Library Journal Review

Geared to people who want to invest in the real estate market, this book covers how to choose investment property, set up record-keeping and accounting systems, monitor cash flow, and comply with tax rules. Thomsett (Getting Started in Real Estate) provides a detailed overview that begins with the nature of real estate investing and how to get started. There is an excellent explanation of depreciation and how the tax laws operate for investments in real property. The text is highlighted to point out special problems or reinforce key points, and numerous graphs, forms, and tables help readers understand issues like depreciation limits, loan amortization, income and expense statements, and reporting capital gains. Throughout, complicated material is presented clearly without oversimplifying. A good starting point; recommended for public libraries.-Joan Pedzich, Harris Beach LLP, Rochester, NY (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

(c) Copyright Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

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