Accountant/CPA for New STR Investor in Houston
We’re starting construction on our lake-front retirement home in East Texas on Lake Sam Rayburn. It’s our dream place, and we plan to operate it as a short-term rental while keeping personal use to about 14 days a year (plus the occasional work weekend). Over the next 15–20 years, our goal is to add a few STR properties and ultimately manage them in retirement. In the near term, I don’t expect rental income to cover expenses, so every dollar matters. My aim is to set things up correctly from day one, entity structure, bookkeeping, and a tax-efficient plan, so we can grow the right way. I am looking for recommendations for an Accountant/CPA who works with newer STR investors at a more modest price point. We live in Houston and would prefer to work with someone we could meet with in person if needed. We are just starting out and looking for guidance on the right way to get started vs complex tax planning. Any guidance would be greatly appreciated.
Most Popular Reply
Good morning, Ross,
I'm not in Houston, but I have set up QuickBooks Online for real estate investor clients with STR and LTR. I would be happy to have a conversation with you about customizing your chart of accounts and QBO specifically for your situation.
I also have investor clients in the Houston and other southern Texas areas. Perhaps I can get a CPA recommendation for you.
All the best!
Bill Whitley
- William Whitley
Accountable Balance Bookkeeping, LLC