Best Advice for Finding a Great CPA for Rental Properties

Investor · Philadelphia · Member since 2020 · 27 posts · 16 votes

Please share any tips on how you found an experienced and highly motivated CPA. What are the qualities you look for in a CPA to determine if they are the right fit for your rental portfolio and goals? Would it be advisable for your CPA to operate in the same state/city as your properties?

I've used TurboTax in the past but I think it's time to get serious about ensuring my taxes are in order.

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Nicholas AiolaBusiness Member

CPA & Investor · New York, NY · Member since 2017 · 1k+ posts · 1k+ votes

@Harrison Lopes You should look for a CPA who specializes in real estate and, preferably, invests themselves. CPAs can work across state lines (we work with clients virtually across the country). There are a good amount of tax pros here on the forums and I believe most offer a free intro meeting (we do) - I would recommend speaking with a few to see if there's a good fit for you and your business.

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Nicholas AiolaBusiness Member
CPA & Investor · New York, NY · Member since 2017 · 1k+ posts · 1k+ votes
6y
@Harrison Lopes You should look for a CPA who specializes in real estate and, preferably, invests themselves. CPAs can work across state lines (we work with clients virtually across the country). There are a good amount of tax pros here on the forums and I believe most offer a free intro meeting (we do) - I would recommend speaking with a few to see if there's a good fit for you and your business.
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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
6y
@Harrison Lopes

Hiring the correct CPA is an important decision.

There are a couple of methods you can use to search for a CPA.
1) Attending a real estate networking event and asking for referrals
2) Post an ad on the biggerpocket's marketplace looking to connect with a CPA.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.
There are 20+ accountants on this message board who specialize in real estate taxation. Feel free to reach out to a couple and use the one you connect with the most.

[email protected]917-280-8544
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Michael PlaksPro Member
Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
6y
Originally posted by @Harrison Lopes:
Please share any tips on how you found an experienced and highly motivated CPA.

Experienced and highly motivated are rarely roommates. :)
(Assuming that you meant "highly motivated" as in highly motivated sellers.)
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