Owning rental properties is a great way to build wealth, but let’s be honest: dealing with the financial side isn’t exactly the fun part. Between taxes, bookkeeping, and entity structuring, one wrong move could cost you thousands. That’s why you need more than just a CPA. You need a financial partner who understands real estate investing inside and out.
Before you hire a CPA in Austin, Texas, ask these 10 questions to make sure you’re getting the expertise you need.
1. Do They Have Experience with Real Estate Investors?
Not every CPA gets real estate investing. You need someone who knows how to structure your investments, optimize depreciation, and keep more money in your pocket. A small business CPA in Austin who specializes in rental properties can help you avoid costly mistakes.
2. Can They Integrate RealPage with QuickBooks?
If you’re managing multiple properties, you can’t afford accounting software that doesn’t sync up. A top Austin accounting firm should know how to integrate RealPage with QuickBooks and other real estate tools to keep your finances seamless.
3. Do They Offer Cost Segregation Study Referrals?
Want to accelerate depreciation and slash your tax bill? A cost segregation study can help, but not every CPA knows where to start. A savvy Austin tax accountant should have connections to specialists who can get it done right.
4. How Do They Handle Multiple LLCs and Real Estate Entities?
If you’re holding properties in multiple LLCs (which, let’s be real, you probably should be), your CPA needs to know how to structure them for tax efficiency and liability protection. A CPA firm in Austin, Texas should help you keep everything compliant and optimized.
5. What Is Their Tax Planning Strategy Beyond Just Compliance?
Filing your taxes is the bare minimum. A proactive tax advisor in Austin helps you plan ahead—structuring deals, maximizing write-offs, and ensuring you never overpay. If they’re not bringing tax-saving strategies to the table, they’re not the right CPA for you.
6. Do They Provide Proactive Financial Guidance Year-Round?
You don’t just need tax help once a year. You need someone keeping an eye on your finances all year long. A CPA firm in Austin, Texas should be your go-to for ongoing strategy, financial reviews, and investment planning.
7. How Do They Approach Payroll Setup for Property Managers?
If you have an in-house property manager or team, payroll and tax compliance are non-negotiable. The right CPA helps you set up payroll correctly and ensures you’re following all employee classification laws.
8. Can They Help with 1031 Exchanges and Inheritance Tax Issues?
Selling a property? A tax advisor in Austin should be well-versed in 1031 exchanges so you can defer capital gains taxes and reinvest tax-free. And if you’re thinking long-term wealth transfer, they should guide you through inheritance tax strategies as well.
9. What Level of Client Communication and Support Do They Provide?
When you have a financial question, you don’t want to wait weeks for an answer. A trusted Austin accounting firm should be responsive, available for check-ins, and proactive in keeping you informed.
10. How Do They Structure Fixed Pricing vs. Hourly Billing?
No one likes surprise bills. Some CPA firms in Austin, Texas offer fixed pricing, while others charge hourly. Make sure their pricing model is clear and works with your business needs.
Work with a CPA Who Knows Real Estate Inside and Out
At Insogna CPA, we don’t just crunch numbers. We help rental property owners build smarter, more profitable investment strategies. Whether you need Austin accounting services, tax planning, or a CPA firm in Austin, Texas that actually understands real estate, we’ve got your back.
Let’s talk about how we can help you grow your portfolio without the financial headaches.