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Updated about 4 years ago on . Most recent reply presented by

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Seth Kingston
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How much should a RE investor expect to pay for accounting?

Seth Kingston
Posted

We own 82 doors (12 properties) in 3 states. Our structure is LLCs passing through to our personal return. How much should we expect to pay for tax guidance, filing, and bookkeeping? Thanks in advance for your response!

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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
Replied

Depends on several factors...location of the firm, the experience and value proposition offered by the firm, how you've structured your holdings, and how efficient and effective the working relationship is (i.e. how much you "help the firm help you").

Might be worth it to reach out to several firms after the deadline for an introductory call and learn about each one and what they offer.  Look at the relationship as one of an external partner that provides value and not necessarily a cost-center.

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