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Updated over 11 years ago,
Accounting Fees - Seems Way Too Much!
Hello, we rehabbed around 12-15 properties last year and although some of the transactions were a bit complicated because we did a few double closes and what not, it should be easily figured out by a "Real Estate" Accountant whom I hired. At first things started to go well, but as we started to get into the bookkeeping he started to repetitively saying he did not want to file for taxes with incomplete paperwork because he didn't want to risk his license. This is something I understand, but it seems like he asks the same questions over and over and I just feel like he isn't doing things efficiently. Nothing against age, but he around 70s and the reason I chose him was because he was promoted through our REI Club. I'll admit our books were really not organized, but I received a bill for around $10k! To me, this seems too much as he constantly asks the same questions, and keeps wanting more information. It's been a headache. Any thoughts on bill? Thanks all.