About this episode
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, CPA
- Career crossroad: From accounting to real estate
- Become a recognized expert through BiggerPockets
[06:51 - 16:50] Your Online Real Estate Accountant
- Two Things to Keep an Eye on as an Investor
- Bookkeeping and Bank Accounts
- Organized bookkeeping secrets
- Do your properties need separate bank accounts?
- How to Have the Real Estate Tax Advantage
- Growing an online virtual accounting firm
- How Daniel has grown My Online Accountant
- Never met, purely virtual colleagues
[16:51 - 26:11] THE FINAL FOUR
- What's the worst job that you ever had?
- His very first accounting job
- What's a book you've read that has given you a paradigm shift?
- What is a skill or talent that you would like to learn?
- Waking up early
- Check out Miracle Morning
- What 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
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