| It's important to have a good CPA or accountant. | | | | the possibility of his or her handling your tax matter in |
| Although I have no personal grudge against companies | | | | the future. |
| like H & R Block, I feel very strongly about the | | | | Spend about 30 minutes with the accountant to |
| need to find a single individual to work with year after | | | | determine whether or not you can get along with them |
| year who understands your personal financial situation | | | | personally and find out a little bit about his or her real |
| and, as a result, can become involved in your financial | | | | estate background. What is their accounting |
| planning. | | | | experience relating to real estate? Not all accountants |
| If you are a wage earner whose family income is in | | | | and lawyers understand real estate but most people |
| the $15,000 to $25,000 rang and perhaps you own one | | | | don't know that. |
| rental property, then a local accountant might be | | | | Also, don't be hesitant in discussing professional fee for |
| satisfactory for the type of professional counseling | | | | the work that they are going to perform. If the |
| that you'll need. My suggestion would be to talk to | | | | accountant responds by saying that the fee is going to |
| other investors and investment group that you belong | | | | be a function of the amount of work that you want |
| to and find out what tax practitioners they use. Or, go | | | | him or her to do, then ask what they charge on an |
| to the yellow pages. Makes some telephone call and | | | | hourly basis and how you might reduce their |
| tell the accountant that you'd like to stop in and discuss | | | | professional bill by providing more detailed records. |