Newbie question on accountants

[Raul Velazquez Jr]

I may be on the cusp of my first deal and have a question about attaining the services of an Accountant. Should I start looking for an accountant, wait till I close or wait till tax season? Thank you

[Nicholas Aiola]

@Raul Velazquez Jr Everyone is different - some with an accounting background or general knowledge about accounting can handle tax prep on their own with one, maybe two properties.

Others like to put systems in place and hire out right away, to free up there time to spend on more valuable tasks and actions.

If the latter describes you, I would say start speaking with real estate savvy CPAs ASAP. For the sake of your future CPA, do not wait until tax season ;)

At that point, we're extremely busy and the timing may actually prohibit us from taking on new clients. You want to make sure you have your CPA added to your team before the rush of tax season.

Good luck!