CPA interview questions

[Aaron Clements]

Hi All!

I am just starting out and am looking to "build my team". In the process I'm looking at interviewing CPA's as my former CPA has rendered themselves unhelpful as of late. I'm wondering what types of questions I should be asking in these initial meetings to make sure it's a good fit.

I'm based in Indianapolis. What is a good "going rate" for a CPA? Or is there even such a thing? What types of fees should I be asking about and what should I expect to pay? Are fees negotiable? Should I anticipate hourly rates or is it generally flat rate fees depending on services rendered? What type of frequency should I be consulting with my CPA? What are some types of things I should avoid or watch out for?

I'm planing on starting out with SFR or multifamily but my long term goals are MDUs and storage units. I'm also currently renting out rooms in my primary residence. What types of things should I alsk about in reference to that?

Thanks in advance!

[Steven Hamilton II]

I have discussed this extensively here.
You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney. Just make sure they specialize in tax and have significant experience dealing with real estate investors.

Here is a great list of questions to ask a potential accountant: http://www.biggerpockets.com/forums/51/topics/7044...

Also check out the www.NAEA.org page in your search. It should help you find someone local. If someone comes to me, I'll send them your way.

If you need help in your search or want to verify something don't hesitate to ask.

For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone. I even use Skype and TeamViewer to communicate with clients so I'd highly recommend looking for one of the best with great references that interviews well with you.

So look for someone you can connect with that works out for your situation.

Feel free to ask here if you have questions