All Forum Posts by: Rachel Mazzanti

There's plenty of this remote accountants/bookkeepers in BP. If you just find someone random person from those websites, you would be very lucky to find someone that understands REI.

If you need a referral, happy to introduce you.

1 Vote

Quote from @Christian Solis:

What business entity should I should I structure my fix and flip business and what are some tips I should should keep in mind so me and my partner are protected ?

You won't get a straight answer here since this is a question for a professional that you would normally consult with.

1 Vote

Tampa, Florida

Quote from @Drake Backman:

I’m Drake, a new investor in the Lehi, Utah area. (Where Footloose was filmed!). I'm new to the real estate investment game and I'm a bit nervous about dipping my toes into unknown waters. I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.

My goal is to build a good cash-flow portfolio to ease into retirement. Turn key rentals seem to be a good way to go, but I'm also trying to learn about other more passive strategies. Currently, I'm trying to find a tax strategist that will help me learn how to manage tax situations.

Looking forward to learning and contributing as I can.

Welcome! BP is a great place to definitely learn and connect with like-minded people.

If you plan to get a turn-key property, there really isn't a need for a PM. You will be paying 6-10% for just having them collect rent.

0 Votes

Provo, Utah

Quote from @Michael Thyssen:

Hi Everyone,

I’m looking for an experienced real estate bookkeeper to assist with managing my growing portfolio of rental properties in Southern Maine. If you or someone you know can help, please feel free to reach out!

Best regards,
Michael

Highly recommend @Simon W.

0 Votes

Portland, Maine

Quote from @Kylie A.:

Quote from @Rachel Mazzanti:

It sounds like you’re taking a smart approach by looking for a reliable tax professional. If you’re mostly focused on taxes for real estate and small investments, an Enrolled Agent (EA) could be a great choice. They specialize in tax matters and often have lower fees than CPAs.

Just make sure to check their credentials and experience, and find someone who can explain things in simple terms.Also, keep an eye out for any red flags, like promises of huge refunds without a thorough review or pressure to pay a percentage of your refund. Finding someone honest and straightforward will really make a difference. Good luck with your search!

thank u but i heard cpa have better credentials

I would choose experience over credentials anydays.

2 Votes

0 Votes

Quote from @Clint Kelly:

What software is everyone using for job costing on flips? I know quick books will work but I was curious if there is something out there that already has all the detailed costs input where I would only need to add the basics about the property. My accountant and bookkeeper have been dropping the ball and just seeing if there are sofware options available I may not be aware of.

I am with Kevin, not sure what you mean by job costing.

Did you talk to a consultant or another accountant/bookkeeper about what happened?

0 Votes

Charleston, South Carolina

Quote from @Patrick Q.:

Hi everyone,

I appreciate the time taken by everybody to respond.

Apologies if I was not clear enough with what I am in search of.

Essentially, I would like to find somebody to work with ‘one on one’ on how my property is performing.

I would like to have a third-party consultant get into my personal specifics/goals/situations and 'the numbers' associated with my property.

I would like to analyze things like ROE, IRR, my projections for the future and how this all fits in fiscally to my 10-year plan.

I am happy with how I have things set up with the house currently.

But an impartial, 3rd party perspective is something that would be valuable to me.

It’s not always easy to take a 40,000-foot arial view at your own situation.

So, essentially, I am searching for a recommendation for a consultant that would break down my property with me and discuss whether I should sell it, keep it, discuss the numbers and how they look both short and long term.

My Question:

Does anybody have any recommendations for a professional consultant they have ALREADY worked with that can provide the services/expertise outlined above?

Thanking everybody in advance for any recommendations provided.

There are plenty of people on BP that can help you. I don't think any of them can self promote per BP's rules.

0 Votes

Jersey City, New Jersey

Quote from @Bret M.:

I am looking for an Accountant / CPA who can assist me with best practices as it relates to organizing my real estate business from a tracking/finance perspective. (what to do and what not to do) as I am buying in my name for now. Someone who would be open to sharing their experience with the correct way to organize finances for my portfolio. I am also seeking ongoing Tax planning and will need personal / business tax filing, eventually moving to an LLC.

(Expense/Income) best practices - I am currently using spread sheets and do a good job of tracking dates/invoices..etc.

If anyone has contacts / or offers these services, Let's connect as I would like to learn more.

I do own a rental and plan on scaling! I live in CA and have rentals in Ohio.

-Bret

You might want to upgrade from spreadsheet to an accounting platform such as Quickbooks or Xero.

Tagging @Simon W. I think he might be still taking clients.

2 Votes

Quote from @David Miller:

Hello,

Does anyone have any good CPA recommendations in Chicago?

I use 1-800 accountant today, but want to switch over to Quickbooks and then work with a local CPA.

Any recommendations would be appreciated.

Hello David,

Any reasons for a CPA? Definitely look for some remote accountants as this will wider your range of available accountants.

If you need someone to handle your day to day operations in terms of accounting then there are plenty of people on BP!

I second @Account Closed's suggestion on finding people here on the forum and see the value they bring in. I know there is a scarcity of accountants in general. Definitely reach out to them if they are taking on new clients with your portfolio.

1 Vote

Chicago, Illinois

All Forum Posts by: Rachel Mazzanti

Rachel Mazzanti has started 2 posts and replied 85 times.

Post: Bookkeeper Advice Needed

Post: Choosing my business entity

Post: Newbie trying to learn the ropes

Post: Seeking Real Estate Bookkeeper

Post: EA OR CPA Whats the best in your opinion?

Post: EA OR CPA Whats the best in your opinion?

Post: Job Costing Software for Flips

Post: In Search Of Consultant For Advice On Optimization Of Multi Family House Hack

Post: Seeking a CPA / Acct for Tax Preparation, Tax Planning (year-round), Bookkeeping

Post: CPA recommendations in Chigao