Your Online Real Estate Accountant, Daniel Hyman, CPA
Weiss Advice
English - March 14, 2022 11:00 - 26 minutes - 18 MB - ★★★★★ - 231 ratingsInvesting Business Entrepreneurship advice apartment investing real estate commercial real estate multifamily investing cost segregation cre linkedin real estate investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Daniel is a CPA for real estate investors. He is originally from Texas and now lives in Wisconsin. His CPA firm (My Online Accountant) works exclusively with real estate investors (long-term rentals, short-term rentals, house-hackers, flippers, and realtors). As a virtual CPA firm, they work with clients in all 50 states. He is also actively involved in community affairs and serves on the board of several local nonprofit organizations. He and his wife spend their free time raking leaves, shoveling snow, or doing just about anything to keep their kids active.
[00:01 - 06:50] Opening Segment
Let’s get to know Daniel Hyman, CPACareer crossroad: From accounting to real estateBecome a recognized expert through BiggerPockets[06:51 - 16:50] Your Online Real Estate Accountant
Two Things to Keep an Eye on as an InvestorBookkeeping and Bank AccountsOrganized bookkeeping secretsDo your properties need separate bank accounts?How to Have the Real Estate Tax Advantage Growing an online virtual accounting firmHow Daniel has grown My Online AccountantNever met, purely virtual colleagues[16:51 - 26:11] THE FINAL FOUR
What's the worst job that you ever had?His very first accounting jobWhat's a book you've read that has given you a paradigm shift?The Top Five Regrets of the DyingWhat is a skill or talent that you would like to learn?Waking up earlyCheck out Miracle MorningWhat does success mean to you?“Balanced,”Connect with Daniel through BiggerPockets and LinkedIn.
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Tweetable Quotes:
“Your bookkeeping is really the language of your business. You want to make sure that your bookkeeping is intact.” - Daniel Hyman, CPA
“The more an investor spends a little bit of time upfront kind of understanding the basics, the better. It'll serve them as they grow their portfolio.” - Daniel Hyman, CPA