Real Estate CPA - Recommendations (emphasis on experience with short term rentals)

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Real Estate CPA - Recommendations (emphasis on experience with short term rentals)

Wayne WollesenPro Member
New to Real Estate · San Jose, CA · Member since 2018 · 12 posts · 6 votes

Hi, does anyone have a recommendation for a good CPA with real estate experience - focused on short term rentals? Need to book a 1:1 consultation asap!

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Katie Balatbat
CPA and Attorney · San Diego, attorney · Member since 2022 · 301 posts · 219 votes
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@Wayne Wollesen

Happy to provide referrals in the San Diego area if you're willing to work remotely, or unable to find from any of the very qualified persons on BP already or other referrals.  Just send me a message if interested.

*This post does not create an attorney-client or CPA-client relationship.  The information contained in this post is not to be relied upon.  Readers are advised to seek professional advice.

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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    2y

    If you have a short-term rental, you have to have a conversation with your CPA to see if the property is treated as an active or passive activity on your tax return.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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  • Sean O'KeefePro Member
    CPA | Accepting new clients | 50 States · Member since 2022 · 1k+ posts · 871 votes
    2y
    Quote from @Wayne Wollesen:

    Hi, does anyone have a recommendation for a good CPA with real estate experience - focused on short term rentals? Need to book a 1:1 consultation asap!

    Indeed @Basit Siddiqi. Also, California has some specific tax filing requirements for LLCs even if they're considered a disregarded entity for Federal tax purposes you still need to file a return. I'd explore this with CPA as well. 
    [email protected]628-241-0888
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  • Aaron Ohler
    Architect · San Diego, CA · Member since 2023 · 10 posts · 8 votes
    2y

    @Wayne Wollesen - Send me a message, I have a great referral.  

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  • Katie Balatbat
    CPA and Attorney · San Diego, attorney · Member since 2022 · 301 posts · 219 votes
    2y

    @Wayne Wollesen

    Happy to provide referrals in the San Diego area if you're willing to work remotely, or unable to find from any of the very qualified persons on BP already or other referrals.  Just send me a message if interested.

    *This post does not create an attorney-client or CPA-client relationship.  The information contained in this post is not to be relied upon.  Readers are advised to seek professional advice.

    1Reply
  • Lane Kawaoka
    Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    2y

    I have a couple. Just be careful of those who are the names floating around out there as they are very expensive and often overkill. Also PS they all use overseas staff these days so they are just whitelabeling services and a marketing company as the exterior.

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