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?<br />You need to pay for the expense of your office as a fixed cost, not a variable cost via your payout.<br />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.<br />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.<br />Come take a listen!<br />Show notes: https://TransitionToRIA.com/how-can-i-reduce-or-eliminate-my-real-estate-office-expense-as-an-ria/<br />About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. On his website (TransitionToRIA.com) he has a large catalog of free videos, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.