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?