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Liz VanGrunsven
  • New to Real Estate
  • Milwaukee, WI
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Looking for a CPA that specializes in Short Term Rentals

Liz VanGrunsven
  • New to Real Estate
  • Milwaukee, WI
Posted Nov 9 2022, 10:22

Hi Everyone! 

Do you have a recommendation for a CPA that specializes in Short Term Rentals? I own one and would like to add a CPA to my team prior to tax season. Someone local to Milwaukee, WI would be a bonus, but not a must have!

Thank you! 

Liz 

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Rebecca Knox
Pro Member
  • Specialist
  • Milwaukee, WI
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Rebecca Knox
Pro Member
  • Specialist
  • Milwaukee, WI
Replied Nov 10 2022, 04:06

These are all great accountants that many local investors use and that are focused on real estate investing. 

Michael Fishman-Salnick, CPA Guthman Tax Services Inc
Eric Trost SVA CPA's
Ana Karina Klein AKK Tax & Accounting LLC
Daniel Hyman My Online Accountant

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Basit Siddiqi
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  • Accountant
  • New York, NY
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Basit Siddiqi
Pro Member
  • Accountant
  • New York, NY
Replied Nov 12 2022, 07:40

@Liz VanGrunsven

If you have a STR rental and wanting to work with an accountant - The first discussion should be whether the activity is considered an active or passive activity.

best of luck

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Nov 12 2022, 07:57

No CPA will specialize in STR, try to find one that invests in STR themselves

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Fulton Abraham Sanchez
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  • Accountant
  • CPA Miami, FL
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Fulton Abraham Sanchez
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  • Accountant
  • CPA Miami, FL
Replied Nov 15 2022, 07:37

@Liz VanGrunsven, hi. Most CPAs here in Biggerpockets specialize in different kind of rentals. As Basit says, you should take into consideration other important factors including whether you hold a W2 employment or a REP status. Please reach out among the CPA firms/professionals active in this community to help you with your RE tax strategies. 

FAS CPA & Consultants Logo

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Yonah Weiss
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  • Cost Segregation Expert and Investor
  • Lakewood, NJ
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Yonah Weiss
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  • Cost Segregation Expert and Investor
  • Lakewood, NJ
Replied Nov 15 2022, 11:03

@Liz VanGrunsven @Daniel Hyman is local to Milwaukee.