Multiple CPA and attorneys for rentals in different states

[Susan Grinde]

I have finally committed to making real estate investing a business instead of a hobby! Now that the light has gone on, I am trying to get some systems in place and getting more organized to make things run smoothly.

I have a couple of rentals near my residence in Washington state that I have owned for a few years without any headaches. Thankfully I have gotten some great long term tenants, but as I said, this has been more a hobby than a business.

I am now investing in college student rentals in Montana where my son goes to school and am also looking at a rental in Florida that my mom can house hack in (if I can convince her of the benefits!).

Anyways, it got me thinking about the different tax laws and landlord/tenant laws and I was wondering if people who own rentals in different states need a CPA and an attorney for each state. That could get expensive. Anyways, any thoughts?

[Steven Hamilton II]

I have a colleague I can refer who is out near Kent. She's pretty awesome. Feel free to PM me if you would like her info.

As an accountant I'm going to tell you right now. I'm not going to coordinate with 5 others just because someone wants my advice on one part.  You either need to have me review the whole thing so I can make solid advice or I'd disengage.  Its not worth my time and the frustration.

Most of us work with clients worldwide.