Property Values Through the Lifecycle of a Growing Practice with Mike McCaslin, CPA

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October 11, 2022 • 36 mins

Have you ever considered owning your own property or put thought into how to create the most beneficial exit and succession strategies? I invited Mike McCaslin, CPA and partner at Somerset CPAs and Advisors, on the podcast this week and we had a fascinating conversation that I can’t wait for you to hear.

Mike advises healthcare practices on how to handle real estate assets in succession planning and recruitment, creating financial models using healthcare and real estate economics to determine values and exit strategies. Mike shares a wealth of information on this episode, so don’t be afraid to listen a couple of times to take it all in.

In this episode, we talk about:

[2:39] Michael’s career path into advisory services for healthcare, physicians, and real estate

[8:24] The formulas and compromises that have become lifesavers for practices

[12:35] How Michael and his team choose the winning model for each practice

[14:40] Examples of how Somerset CPAs and Advisors help their clients

[20:50] Michael’s thoughts on the safest real estate investment in the world

[23:31] Our recommendations to get started in real estate ownership

[28:13] Deciding when to exit

[29:35] Michael’s first job

[32:09] What Michael is currently reading or listening to for news, information, or inspiration

[33:16] What Michael does for healthy self-care

[34:30] Michael’s thoughts on whether leaders are born or trained