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Updated about 2 years ago on . Most recent reply presented by

User Stats

39
Posts
14
Votes
Corey Duran
  • Rental Property Investor
  • Toledo, OH
14
Votes |
39
Posts

Looking for a real estate accountant. What questions should I ask?

Corey Duran
  • Rental Property Investor
  • Toledo, OH
Posted

I want someone who specializes in real estate taxes but it seems all accountants I talk to claim they can do real estate accounting as it is common. I own 13 rentals, do about 3 flips a year, and I am a real estate agent so pretty much everything tax-wise is in real estate. 

Are the accountants correct?

Can most accountants do my taxes just fine?

How can I figure out which one might do better for my business?

Is there anything you can share that you wish you knew when choosing an accountant?

I have asked for recommendations from friends/investors I know personally and no one has been able to point me in the right direction so googling and calling is where I am..

Most Popular Reply

User Stats

179
Posts
98
Votes
Bryan Martin
  • Accountant
  • Springfield, IL
98
Votes |
179
Posts
Bryan Martin
  • Accountant
  • Springfield, IL
Replied
Quote from @Corey Duran:

I want someone who specializes in real estate taxes but it seems all accountants I talk to claim they can do real estate accounting as it is common. I own 13 rentals, do about 3 flips a year, and I am a real estate agent so pretty much everything tax-wise is in real estate. 

Are the accountants correct?

Can most accountants do my taxes just fine?

How can I figure out which one might do better for my business?

Is there anything you can share that you wish you knew when choosing an accountant?

I have asked for recommendations from friends/investors I know personally and no one has been able to point me in the right direction so googling and calling is where I am..

I'd advise finding one that invests in real estate as well.  Nothing motivates research on an issue like it affecting their own bottom line.
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