CPAs and Firms Specializing in the Real Estate Industry for Beginners

Improve knowledge with CPAs and firms specializing in the real estate industry for beginners
By Kelley Keith Being new to the real estate industry does provide its challenges, such as which real estate CPA to hire. CPAs and firms specializing in the real estate industry for beginners should allow for an excellent starting point for anyone new to the sector. You should know the basic rules and regulations for the industry along with what traits make for a good real estate industry CPA. From there you can engage the various firms to determine which one fits your individual needs.
 

To obtain the necessary information you can use a variety of accounting for real estate resources. However, three stand out. You can use textbooks and Internet resources, various real estate associations and the legal firms themselves to understand the industry. By utilizing these three avenues, you can establish a solid knowledge base on which you can then choose a firm and lower your real estate costs. However before you begin this process there are few items to consider:

1. Locate accounting real estate resources available on the Internet.

2. Contact industry associations familiar with real estate accounting firms.

3. Speak to CPAs and firms specializing in real estate.

Use resources for real estate CPA firms available on the Internet

For anyone new to the industry, it's important that you understand the basics of real estate law. This information won't make you an expert but it will provide the necessary information on which you can build this expertise. These resources can range from textbooks to online training classes.
Try: John Wiley & Sons and CPA2Biz both offer real estate accounting text for sale online. The Carol group has an excellent article from a real estate CPA on the industry. Review the educational resources available at Train Up.

Request real estate accounting services and references from various industry associations

Whether you're looking to hire a real estate CPA or enter the profession, the real estate associations provide a great resource. These associations have a wide variety of members with decades of experience in the industry. They can provide recommendations as well as educational opportunities.
Try: Speak to a representative at the Commercial Real Estate Development Association. The National Association of Realtors is another organization that can help any beginner in the real estate accounting industry.

Utilize real estate specific CPAs and their firms to attain more information

Most real estate specific CPAs and firms will be more than happy to offer up information and educational resources within the industry. These firms also have their own information outlets that can invaluable for any beginner.
Try: Call the Real Estate Tax Law center for more industry information. Speak to the real estate CPAs at Dixon Hughes for further details.