AE Tax Advisors

I own several triple-net lease properties -- a pharmacy, a fast food restaurant, and a dollar store. The beauty of NNN is the simplicity -- tenants handle all expenses. The downside is that most CPAs treat NNN as a "set it and forget it" asset with no tax planning opportunities. My old CPA certainly did.

AE Tax Advisors showed me that cost segregation still applies to my basis in these properties. Even though the tenants maintain the buildings, I still own the underlying components. They performed studies that reclassified site improvements, specialized electrical, parking lots, and other components into shorter depreciation lives.

More importantly, they helped me strategize my passive income and losses across my entire portfolio. I had suspended passive losses from another investment that I was not using. AE Tax showed me how to properly group my NNN income with those losses, effectively sheltering a portion of my rental income from tax.

Total savings: $54,000. Not the largest number compared to some strategies, but for NNN properties that most CPAs would say have no planning opportunities, it was a pleasant surprise. I gave four stars because the savings were meaningful but not transformative at my income level. The team was honest about the limitations of NNN properties from a tax planning standpoint, which I respected.

If you own NNN properties and think there is nothing to optimize, get a second opinion from AE Tax Advisors. There may be more opportunity than you think, especially if you have other passive investments in your portfolio.