Choosing the BEST real estate accountant???

[Katelyn Atcavage Robideaux]

I have one property currently, under my husbands work LLC. I am trying to get organized so we are set, off the bat, with a good system for all properties to come.

I use my general accountant currently, but I am looking for an accountant well versed in real estate investing- a tax planning accountant. Note: I am most definitely planning on expanding my property portfolio with more properties over time. 

That being said, do I need to have each property in their own LLC?? I understand this can create more protection. Also- I saw someone mention that for even more protection... "add each of those house's LLC's to their own solely by a parent LLC that will act as a holding company." Would most of you say YES to this?

Is there any benefit to the accountant being local versus not? Note: We are currently investing in our area (Sarasota FL) but plan to expand nationwide in the next couple years.

Any insight on this? Thank you so much! Cheers.

[Caroline Gerardo]

Quickbooks used to sell the whole nine yards for one price, now there is an annual fee. I suggest you learn to use it to save on having your accountant root through a box of papers and to better understand where you are financially. Why pay for layered LLC's? Get great insurance, be honest, and don't buy C properties. The cost for filing additional returns, filing annual State fees, and keeping track of the moving parts is not necessary with owning one property.