What should I look for in a CPA?
Hello BP! I’m a newb, under contract for my “first” property (it’s actually my second, but the first one I’ve bought specifically as an investment property). I started an LLC to hold my properties in and I’m meeting with an accountant this week that I may hire as part of my team. My plan was to have a tax professional who is familiar with real estate on board right away so I’m doing things the most tax-efficient way possible from the beginning. I know the family that owns the firm, I went to school with some of the kids and I’ve known them to be decent, honest people, which is why I’m going to them first. My question is, what kind of questions should I ask and what specifically should I look for in an accountant/tax professional? I am meeting with the owner, the guy in charge of their real estate tax planning services, and a “staff” member, but apart from making sure I hire someone familiar with RE, I’m not sure what else I should be looking for. Any comments/suggestions/tips on what to look for or what to avoid would be greatly appreciated!
Most Popular Reply
Outside of real estate-related tax knowledge, the most important thing, IMO, is how well they communicate. How quickly do they respond to your calls and emails?