recommendations for handymen and cleaners for Airbnb

[Yong Lai]

I have 2 Airbnb properties close to Dallas downtown and manage them myself. Does anyone have recommendations for CPA to how to structure LLC to max tax deduction, handymen and cleaners? Looking for long term partnership.

[Basit Siddiqi]

You are very fortunate to live in one of the few states that does not require a resident state income tax. This is good for you as this opens you up to being to find a CPA outside of your state. With that said, below are some tips on how to find a local CPA.

Your first choice should be to find a CPA that specializes in real estate taxation and one that is local. Many CPA's that post on this website 'tout' finding one that is out of state so you can find that real estate focused CPA. Real Estate Taxation is nothing new and you can certainly find a local CPA that specializes in Real Estate.

Below are some tips to find a Local CPA that specializes in real estate

1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA
2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA
3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.
4) Verify that your CPA is licensed. Many 'tax professionals' lie that they are a CPA.