At The MHP Accountant, we’re more than just accountants. We are your partners in navigating the often complex terrain of the manufactured and mobile home park industry. Our team brings years of industry-specific experience, coupled with a warm, personalized approach to help you maximize your investment’s potential. One such strategy we excel in is Cost Segregation.

Understanding Cost Segregation

Cost segregation is a tax-saving strategy used by real estate owners to accelerate depreciation and defer tax payments. It involves identifying and separating personal property assets, which depreciate quicker, from real property assets. This approach allows investors to increase their cash flow by deferring taxes and maximizing their current depreciation deductions.

Discover the Benefits of Cost Segregation

• Fast-Track Depreciation: With cost segregation, you can classify assets to depreciate over a shorter span—typically 5, 7, or 15 years. This faster depreciation can lead to considerable tax savings in the early years of property ownership.

‍• Tax Savings: By accelerating depreciation, cost segregation can significantly reduce your tax liability, giving you more financial flexibility.

‍• Boosted Cash Flow: Improved cash flow from tax savings allows for reinvestment or taking care of operational expenses more comfortably.

• Catch-Up Depreciation: If you’ve owned your property for some years without performing a cost segregation study, it’s not too late! You can make up for the missed depreciation in the current tax year without having to amend past tax returns.

Our friendly team of experts at The MHP Accountant is well-versed in the intricacies of cost segregation within the mobile home park industry. We work tirelessly to ensure you’re recognizing all eligible assets for accelerated depreciation, from land improvements and non-structural components to manufactured homes and infrastructure.

Embrace a More Profitable Future Today

Are you ready to unlock the full financial potential of your mobile home park investment? Our warm and professional MHP Accountant team is eager to guide you through every step of the process and help optimize your tax strategy.

Don’t let the opportunity for tax savings and increased profitability slip away. Reach out to us today to explore your needs with our team of friendly experts and ensure you’re squeezing every benefit out of your investment.