Real Estate Accountant Recommendations

[Paige Kuhbacher]

Hey BP! 

Seeking some recommendations for CPA/Accounting companies. We don't have many local options for accounting firms that specialize in real estate. Just wondering if there are any national companies that anyone has had success with. 

Thanks! 

[Jason E. Smith]

Paige, really depends on what flavor of real estate you are talking about? If you are speaking about residential real estate that’s very different than commercial. Residential just falls on schedule E on your tax returns. I believe years ago there was a chattels website where you could break out faster depreciation items to increase your early year tax advantages and do it in a low cost manner to make it beneficial. Really other than that there’s not a lot of hidden secrets or challenges in residential. At the end of the year a third property manager would provide a end of year statement, plug that into Schedule E and all done. If you are talking about syndication that’s a different world. You’ll need a CPA that understands all the nuances of syndication. If you need someone in the syndication space let me know and I’ll make an introduction, but don’t spend the money on a CPA that does syndication if you just have residential because the cost will far exceed the advantages. Best of luck! Jason E. Smith