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Spencer R.
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15
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Tax Accountant or online software for beginner landlord

Spencer R.
Posted

Hi,

Beginner landlord here...

I plan to have one, 2-4 unit multi-family home by this time next year. I imagine I will be itemizing my returns.

My question is should I plan to find a personal accountant, or would some online tax preparation software suffice?

If software, which one(s) would you say is best for a landlord.

If accountant, what is a very rough ballpark of the cost/fee structure to pay a personal accountant.

I imagine as I continue to acquire more properties I will eventually switch to an accountant, but it may not be necessary at this time?

Thanks in advance

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
6,607
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5,518
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

I only have one car. Do I need a mechanic, or is YouTube enough? :)

  • Michael Plaks
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