Tax Preparation for Real Estate Investors – Need Advice!

[Vincent Pflieger]

Hey everyone,

It’s tax season, and I’m trying to figure out the best approach for my situation. A year ago, my taxes were pretty straightforward—just W-2 income and some Airbnb earnings from my place. But last year, I bought a triplex in Cleveland (buy and hold) and a single-family home (SFH) in December, which I’m still waiting to rent out.

I’ve spoken with a few CPAs and got different pricing:

• Taxstra PLLC: $1,500 for tax prep plus ongoing tax guidance throughout the year.

• Prime Corporate Services: $2,800 upfront, plus $100/month (deducted at the end of the year).

Both have great reviews on Google.

My question is: Am I too small at this stage to go with the more expensive option? How did you handle tax prep when you first started investing, especially with a plan to scale over time? Would love to hear your experiences and strategies!

Thanks in advance!