Recommendations for CPA/Tax Prep
14 Replies
Jack Forester Investor from Cumming, Georgia
posted 3 months agoIt's that time of year. Looking for recommendations for a local CPA/Tax expert specializing in real-estate. Who do you use/trust?
Nicholas L. Real Estate Investor from Atlanta, Georgia
replied 3 months agoSame question, Jack
Chris Brown House Rehabber/General Contractor/Business Manager from Atlanta, Georgia
replied 3 months agoHey guys, I've been using Attaway Linville for a few years, great people who really know real estate and are active investors.
Lee Williams Real Estate Agent from Berkeley Lake, Georgia
replied 3 months agoSteven Peake with Morris Stevens Tiller is who we use. We've been very pleased. Message me for contact info.
Jack Forester Investor from Cumming, Georgia
replied 3 months agoOriginally posted by @Chris Brown :
Hey guys, I've been using Attaway Linville for a few years, great people who really know real estate and are active investors.
Do you have to meet in their office, or is it all done online/remote?
Chris Brown House Rehabber/General Contractor/Business Manager from Atlanta, Georgia
replied 3 months ago@Jack Forester , we do everything remotely. I have met at their offices to get some face time, but I have not needed to go down there in a while.
Jack Forester Investor from Cumming, Georgia
replied 3 months agoOriginally posted by @Chris Brown :
@Jack Forester, we do everything remotely. I have met at their offices to get some face time, but I have not needed to go down there in a while.
How big of Operation are you? I struggle with the thought that I may be too small to offset the costs. I currently only have 4 long term rentals.
Chris Brown House Rehabber/General Contractor/Business Manager from Atlanta, Georgia
replied 3 months agoI rehab 4-8 houses per year. I don't have any rentals as of yet. In my opinion, I need to have someone that specializes in taxes to assist with, not only taxes, but other various issues that come up in regards to taxes and how I operate the business.
You could give them a call and discuss to get an idea of the costs and benefits. I would suggest speaking with them as well as a local CPA and get a feel for who understands your needs the best and who you feel like you can work best with.
I have learned that speaking with other professionals in the industry or related industries is the cheapest education I can get and I always learn something when I do.
Best of luck!
Basit Siddiqi CPA/Investor from Brooklyn, New York
replied 3 months ago@Jack Forester
Congrats on acquiring rental properties!
It appears that you acquired your first rental property in 2011. Who have you been using to prepare your returns/provide you tax strategies since 2011?
Have you been preparing yourself or have you had an accountant.
Do you have all your properties in Georgia?
There are a lot of CPA's on BP who work with investors remotely. You should interview a couple and see if you connect with anyone.
If you would like to work with someone nearby - you may want to consider looking into Atlanta since it appears to be closeby to Cumming.
Jack Forester Investor from Cumming, Georgia
replied 3 months agoI had a CPA initially, but discovered some oddities that made me question their knowledge of the real estate specific side of things. I've been doing them myself for the past 3 years.
Functionally, it's not difficult to track income, expenses, and capital depreciation, but I'm wondering if there are some tricks I'm missing.
Basit Siddiqi CPA/Investor from Brooklyn, New York
replied 3 months ago@Jack Forester
What percentage of your prior CPA's were real estate investors?
The issue with a lot of accountants is that they dont necessarily specialize in one field are instead a "jack of all trades".
Early in my career - I worked under CPA's who would prepare returns for doctors, contractors, architects, real estate investors, day traders etc.
The tax code is infiniti pages long and the code is updated constantly. It is hard for these jack of all trade CPA's to provide advice to clients if they try to cater to everyone.
You might be better off working with a CPA who only works with real estate investors.
Bill Hampton Registered Representative, Tax Accountant, Tax Advisor, Business Advisor from Atlanta, Georgia
replied 3 months ago@Jack Forester , I am also in the Atlanta area and I can provide you with some recommendations. Send me a PM or give me a call.
Jack Forester Investor from Cumming, Georgia
replied 3 months agoOriginally posted by @Basit Siddiqi :
@Jack Forester
What percentage of your prior CPA's were real estate investors?
The issue with a lot of accountants is that they dont necessarily specialize in one field are instead a "jack of all trades".
Early in my career - I worked under CPA's who would prepare returns for doctors, contractors, architects, real estate investors, day traders etc.
The tax code is infiniti pages long and the code is updated constantly. It is hard for these jack of all trade CPA's to provide advice to clients if they try to cater to everyone.
You might be better off working with a CPA who only works with real estate investors.
And this is why I posted here for recommendations.
Jack Forester Investor from Cumming, Georgia
replied 3 months agoIf you have recommendations, post them here. A DM does not help others who would like the same information. I'm trying to figure out why someone would not publicly recommend someone. Is it because they are recommending themselves? I'd like recommendations for people you use and are pleased with. Thanks in advance.
Amanda Fabian from Duluth, Georgia
replied 3 months agoFollowing to get some recommendations also! Thanks.
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