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Updated over 7 years ago on . Most recent reply

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14
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Daniel Adler
  • Chicago, IL
8
Votes |
14
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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

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1,416
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1,521
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Yonah Weiss
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
1,521
Votes |
1,416
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...