Business Expense Question & CPA Recommendation

[Andrew Ramirez]

Hi BP, 

Apologies up front if this question is asked often.  In utilizing the search feature, it does not segregate between forums, and it was hard to find the results that I'm looking for. 

Situation is that I'm about to get going with my real estate investment endeavors, and I'm interested in better understanding how to adequately bookkeep for either one LLC and several properties inside that, or several LLCs (one per property). That said, would anyone be able to fill me in on how to manage "common" expenses that spread several properties in one LLC and/or that spread several LLCs. For example, if I purchase a subscription of something that assists me in book keeping, but I use it to bookkeep across several properties in one LLC or several LLCs/Properties, how would that expense get reflected when taxes are done?

Also, I recognize that this is likely a better question for a CPA, and so if you have any Houston based CPAs that you would recommend, I would greatly appreciate it. 

[Bill Hampton]

Andrew,

Reach out to @Michael Plaks 

He is an accountant in the Houston area and is active on this site. 

Good luck.