Don’t assume that all accountants are created equally. When it comes to choosing an accountant for your investment properties, be sure to ask these questions.
- Have they had experience in owning or managing investment properties themselves?
- Are they aware of recent changes to property taxes?
- Will they review your previous years returns and advise on what they would do differently as your
- accountant?
- Are you paying to educate them when you actually need a specialist?
- Will you be able to consult with them throughout the year and plan improvements/upgrades
- Do they understand your property investment goals?
You’re not just looking for a tax preparer – you know, the guy waiving the sign on the sidewalk. Your accountant should be asking you questions and helping to identify capital improvements and rental property related expenses. You’re looking for a specialist who can help you with your growing portfolio.
