Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music!

Brandon Hall owns The Real Estate CPAs. I found him on a Google search, and was super impressed with his website. Within a few months of working after college, Brandon realized he wasn’t a good fit for the corporate world. In his efforts to find a way out, he bought a three-unit property, but realized it would take another decade or more of building a real estate portfolio to have enough money to exit the corporate world.

Instead, he shifted gears and decided to start a business. He started scaling a CPA firm, which eventually allowed him to leave his job in a bit under three years.. He now has 12 full-time employees in his virtual firm, and has real estate clients in every state. Like property management, CPAs have traditionally worked in brick-and-mortar settings, and it’s fascinating to hear Brandon’s perspective on running a fully virtual company.

Brandon is delightfully open in our conversation, admitting that he and his company have made some bigger screw-ups over the years that have cost clients money. Because of the way he handles these incidents, which he’ll cover in today’s episode, he typically ends up keeping these clients anyway.

In our conversation today, Brandon will dig into what sort of impact he can offer to property management companies. Hiring a real accountant is an act of risk avoidance, he explains, and ensures that things are done right. He’ll also explore tax information that listeners should be aware of, including some options to save money by spending money (and the level of detail involved may convince you of why a CPA is so valuable!). Don’t miss this in-depth conversation to give you more insight into the finances of your business, and help you decide whether hiring a CPA is right for you.

In This Episode:

[00:15] - Steve welcomes listeners to today’s episode, which will feature a conversation with Brandon Hall.

[01:54] - Brandon gives listeners some insight into who he is, what he does, and how he got to where he is now.

[04:22] - We hear about Brandon’s journey into having a fully virtual firm in a realm that has traditionally been brick-and-mortar.

[07:49] - Does Brandon’s company ever screw up? If so, how do they handle it?

[10:44] - Brandon walks listeners through how he got to the point of standing out from the crowd in his business.

[14:24] - We learn about what Brandon means when he says “scaling,” and how (if at all) it differs from growing.

[15:43] - How does Brandon personally approach real estate investment now?

[19:28] - Brandon digs into what impact his service can have for someone running a property management company.

[24:32] - What are some common mistakes from a tax perspective that Brandon sees in the real estate world?

[26:46] - Brandon shares some thoughts on recent tax changes that listeners should know about and might not be aware of.

[30:00] - We hear more about Brandon’s perspective on sending money to save money with tax savings.

[34:33] - How would Brandon walk a client through a rent versus sell decision on a primary residence? How would he factor in appreciation and market cycles?

[39:59] - Brandon finishes up the conversation by offering some final words of wisdom and advice.

[44:36] - Where can listeners find Brandon if they want to learn more about him and what he does?

Links and Resources:

Steve Welty's Music

[email protected].

Steve Welty on Facebook

Brandon Hall, CPA on LinkedIn

The Real Estate CPA

The Real Estate CPA Podcast

Naked Capital