Looking for a recommended CPA for MN, ideally in the Twin Cities in case we need to meet up. I purchased a rental property through my LLC for the first time in 2023 and will have related expenses to work through.
@Jeffrey Stocker I don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.
There are 20+ real estate CPAs commenting in this forum. Pick one that is commenting on your specific situation and DM them.
@Jeffrey Stocker I don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.
There are 20+ real estate CPAs commenting in this forum. Pick one that is commenting on your specific situation and DM them.
As accountants on BP, we are not allowed to self-promote. To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise. Not to low either, you don't want to go with someone who is just focused on price as this is a quality of a not so great accountant. Accountants are in such demand, that the best are not even accepting clients half the time.
The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.
Another thing I see is folks thinking they need to have a tax professional in their state. We as a firm have investors working with us who have rental properties all over the US big and small.
Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding. Best of luck in your search!
@Jeffrey Stocker - Congrats! I was just working on a client that owns an apartment complex out there. Do you own in MN or out of state? Just like buying out of state can be easy, so can working with a CPA afar!