Can anyone recommend a real estate savvy CPA for the following? We are buying our 3rd rental property and looking for professional help to setup everything up right before we expand to (hopefully) 5-10 properties.
-Rental Property bookkeeping (Quickbooks setup)
-Tax Return prep and filing
I would recommend Raven Herron for Tax Planning, Prep and Filing.
I would recommend Joey Leak for business set up. He has helped me out with a few partnerships and Series LLC.
You may want to look into going the Series LLC route considering you live in a state that offers it.
In regards to finding a savvy real estate investor - there are many ways to find a CPA
1. Biggerpockets search function - Use the search function to see if a BP colleague requested a CPA in your area. This method allows you to reach out to the BP colleague and ask who they interviewed with, who they decided to go with and if they like working with their CPA. I went ahead and pulled up posts from BP colleagues who requested a CPA in your area.
2. Keyword Alerts - Add the keyword alerts "Austin" and/or "Texas". You will notice that there are frequent members who respond to posts that have these keywords. Feel free to send a colleague request to these members to connect and see who they use as a CPA. Connecting with members who have the pro-membership have a higher tendency so be more serious and provide you a good recommendation.
3. Local Real Estate Investing Networking Events -. These events contain seasoned investors and would be more than happy to refer you to a CPA. You can find local networking events through the BP's events section or meetup.com
Below is a link to networking events in Austin from BP's events feature
4) Reach out to CPA who works with clients remotely - If you are still unable to find a local CPA that matches your needs. You may want to reach out to a CPA that works with clients remotely. I would argue that working with a remote CPA who has experience in real estate will likely be a better fit for you than a local CPA who is a Jack of all Trades. In our day and age - It is easy to communicate with a remote CPA through phone calls, emails, skype etc. There are many CPA's on this site that work with clients remotely.
In the meantime - feel free to ask any tax related question. I would be more than happy to help give my opinion.
Good luck in your search!