Latest / Transition To RIA Podcast
Q74 - How Can I Reduce Or Eliminate My Real Estate Office Expense As An RIA?
Want to know the dirty little secret of real estate expense for advisory practices?
You need to pay for the expense of your office as a fixed cost, not a variable cost via your payout.
The difference in approaches, particularly if you own your office building, could potentially result in millions of additional dollars to your net worth by the time you retire.
In this episode I discuss why and how to pay for office expense as a fixed cost, as well as additional ways you can decrease the expense even further.
Come take a listen!
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The skinny
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