Looking for a Real Estate focused CPA

[Rachel Okwumabua]

Hi Everyone,

My husband and I recently converted our primary into a long term rental when we purchased our 2nd property. I'm a real estate agent and my husband has W2 income that we would like to offset with bonus depreciation. Up to this point, he has handled our joint taxes but I think we're ready to utilize a tax professional considering we want to do a cost segregation study. Any recommendations in SoCal? Also open to working with someone remote but also unclear as to how to best vet candidates.

[Austin Cheatham]

Working with a remote accountant can be a great option, especially for real estate investors looking to optimize strategies like bonus depreciation and cost segregation. Remote professionals often specialize in real estate tax law, which can be more valuable than relying solely on a local option. In fact, a remote accountant might be more cost-effective, as you're not limited to higher-priced markets like SoCal. When vetting candidates, focus on their experience with real estate investments and their understanding of both personal and business tax strategies, ensuring they can provide comprehensive advice for your situation.