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Accounting and Finances
October 25, 2023

How to Find The Best Real Estate Accountant

If you’re a real estate agent, you are an entrepreneur. You wear many hats and this ends up causing stress to build up. One of the first things you need to do as a real estate agent is find yourself a great accountant to do your taxes because this will help reduce that stress you carry. If real estate is going to be a lifelong career for you then the relationship you have with your accountant will be an important one for your career.

Why Real Estate Agents Need an Accountant 

Becoming a real estate agent is easy but being a real estate agent is hard. One of the many things that makes it hard is the financial side. Real estate agents are commission only based pay, there are A LOT of expense write offs, and their income can come in waves which makes it difficult to budget. However, a great accountant can help ease the burden on this side. Here’s what a great accountant will help with:

  1. Accurately prepare and file your taxes
  2. Organize financial records
  3. Keep you compliant
  4. Strategize on ways to be more efficient
  5. Handle Payroll if you elect to be an S-corp
How to Find A Great Accountant

Like most professionals, accountants range from bad to good to great. The key is finding a great accountant who will make things easier for you and save you money. Here are some tips that should help:

  1. Ask the top agents in your brokerage who they use.
  2. Ask if they are paid by the hour or a flat rate.
  3. Ask if they charge for simple questions via email or text.
  4. Ask how many agents they work with.
  5. Ask if they help with audits should the time come.