Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

14
Posts
8
Votes
Daniel Adler
  • Chicago, IL
8
Votes |
14
Posts

Local CPA wanted with multifamily experience

Daniel Adler
  • Chicago, IL
Posted

Hi there, first post here after reading the articles and forums for the last few years. 

Last year I acquired a multifamily property, so I'm currently searching for a CPA with experience with multifamily properties here in Chicago. I've been making a lot of improvements since purchasing, so I want to ensure everything is written off and depreciated correctly and legally, especially because I will need to declare losses on some of the units due to vacancies and required repairs. So, this year I'm looking to upgrade from Turbotax to a CPA.

Ideally, this CPA personally owns real estate and has gone through the renovation process before. In addition to tax preparation services, I'm also looking for someone that can provide recommendations on my current business structure, recommend a future tax strategy to ensure I can maximize profits, and help with future property purchases. 

Most Popular Reply

User Stats

1,417
Posts
1,522
Votes
Yonah Weiss
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
1,522
Votes |
1,417
Posts
Yonah Weiss
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
Replied
Originally posted by @Daniel Adler:

Hi there, first post here after reading the articles and forums for the last few years. 

Last year I acquired a multifamily property, so I'm currently searching for a CPA with experience with multifamily properties here in Chicago. I've been making a lot of improvements since purchasing, so I want to ensure everything is written off and depreciated correctly and legally, especially because I will need to declare losses on some of the units due to vacancies and required repairs. So, this year I'm looking to upgrade from Turbotax to a CPA.

Ideally, this CPA personally owns real estate and has gone through the renovation process before. In addition to tax preparation services, I'm also looking for someone that can provide recommendations on my current business structure, recommend a future tax strategy to ensure I can maximize profits, and help with future property purchases. 

I can highly recommend @Daniel Hyman CPA, and his firm My Online Accountant, LLC based out of Milwaukee. Not so far from Chicago, and most of his clients are remote.

Definitely well-versed in real estate.

Best of Luck!

  • Yonah Weiss
  • Loading replies...