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Why book a property accountant through Airtasker?

Let Airtasker help you find someone to help you keep up with maintenance costs and tax filings without headaches! Many financial gurus often say that investing in real estate is a good investment, but managing the finances of your landholdings can be difficult without a property accountant.

A property tax accountant can ensure that all your necessary paperwork is filed. This ensures that each of your realty investments is taken care of and brings you passive income. Let a professional handle the numbers while you do what you do best.

When you hire a Tasker as your landlord accountant, the goal is to lessen the burden on you. Airtasker does that from the hiring process. Just put up a task, wait for offers to come in, and choose the best one among the property specialist accountants available in your area. Everything from checking references to making payments can be made on our platform.

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Top Property Accountant related questions

Is a property accountant different from a property manager?

Yes. A property manager handles the routine tasks involved in maintaining the property, such as scheduling cleaners, making rents and bills paid, and assisting tenants with their needs related to their use of the space. Meanwhile, a property accountant works with tasks that are more related to finances. This includes paying taxes, balancing your income and expenses sheets, and even helping you determine if you can afford a major improvement.

Is it worth getting a property accountant?

Hiring an expert on rental property accounting means that you free up your time for other tasks and ensure that your real estate investments are handled correctly. Avoiding fines for missing tax deadlines and quickly identifying money drains in your rental business can already make what you pay a landlord tax accountant worth every penny.

Can one property accountant work with properties in different locations?

Yes, this is possible. While we highly recommend working with property tax specialists near you or the property itself because of their familiarity with the government offices and real estate market in that area, numerous Taskers can work on properties in different locations. It’s best to confirm with the Tasker first if they can do this before hiring them.

Is there any licence required for property accountants?

At the very least, a property accountant should have graduated with a degree in accounting from a college or university. Being registered as a Certified Public Accountant is a pretty standard requirement, but some states have special training and licencing specifically for a property accountant. You can check this with your local council to be sure!

Should I hire a property accountant on retainer?

Having a property accountant on retainer and regularly checking your finances will allow you to focus on other matters. There’s also a lot of trust in a Tasker offering financial services to a landlord or a business with bank accounts, business books, and other matters. Even just the total amount of your net worth may be easier to discuss with someone who will be working with you long-term.

Can I outsource other tasks for my properties on Airtasker?

Yes! Airtasker is the ideal place to find talented individuals to help you with your properties. There are brokers, maintenance service providers, designers, and marketing professionals ready to work with you for your property investment needs. If you’re not sure which services are right for you, take a look at testimonials from others who have used our platform to make their daily tasks easier.

What do property accountant services include?

Let an experienced and licenced Tasker handle the finances around your real estate investments. A property accountant can help you turn homes, condominium units, flats, and commercial buildings into a passive stream of income for you and your family. Imagine receiving rental payments without worrying about taxes, maintenance fees, and insurance. That’s a possibility when you hire a Tasker. Here are some services that you can outsource to a property accountant: 

Real estate accounting

If a real estate agent helps you with selling and buying properties, an accountant can help you keep track of the expenses and earnings involved in growing your portfolio. Having one property may allow you to work on your financial records on your own, but maintaining several lodgings and lots will be strenuous. 

Remember that property accountants study for years and continuously stay abreast of both accounting principles and new market developments and laws that will affect their clients. That enables them to ensure the accuracy of all ledgers, accounts, portfolios and balance sheets and confidently prepare financial reports for investors and auditors.

Asset management

Asset management is crucial when funnelling your money into a non-liquid investment like real estate. Properties generally increase in value, but there are a lot of factors that go into that. It may surprise you that crime rates, politics, neighbouring properties, and legislation play big roles in how good your investment is over time. For example, nearby commercial developments can affect your rental rates. Of course, the quality of property maintenance done also helps avoid a decrease in the overall value. These matters are best discussed with a landlord accountant near you because of their expertise.

Bookkeeping

Bookkeeping may involve handling the budgeting, payroll, general monthly expenses, and marketing costs. As the rental industry becomes more competitive — both for short-term and long-term tenancy properties — it’s important to have a trustworthy person overseeing whether the rents are received and recorded. They can also keep receipts for business expenses to offset your income tax. This includes phone bills to potential tenants, hiring photographers for listing photos, furniture costs for model studios, and even cleaning fees.

Tax filing

Airtasker can connect owners to a property tax specialist near you or in the area where your property is located. Whether you want an accountant on your payroll or you prefer working with a tax consultant annually to help you with filing, our platform is a simple way to get a complicated task crossed off your to-do list. Tax accountants who deal with real estate can work with you on identifying the correct valuation of your property, the amount of tax needed to be paid, and possible deductions that you can avail of!