Have You Outgrown Your Accountant? Here’s How To Replace Your CPA!

Multifamily Real Estate magnate Rob Rowsell fielded questions on a recent ATL Inner Circle community call. One caller thought they may have outgrown their accountant. As their wealth grew, their business needs also became more complex. Their existing financial planner seemed ill equipped to navigate the new challenges oncoming. Like them, you may need to replace your CPA. Listen to what Rob has learned from his experience, and put this advice into practice!

Replace your CPA if they look like this when trying to help with your taxes and financial planning.How Do You Know You Need To Replace Your CPA?

Changing your CPA, accountant, or financial advisor can be a painful process. In some cases, you may have worked with them for years, or even decades. However, it may be necessary if your wealth is growing, and they are not growing with it.

Rob tells a story about when he had to hire a new accountant. After a seminar he attended, he noticed that they were adopting the ideas that he had learned. When you start seeing that they are learning more from you about business than you are from them, it might just be time to replace your CPA! Your financial planner should know more about taxes and accounting than you do. Otherwise, why would you need them?

Then, Rob made the great point that, even though changing accountants will be a hassle, your old CPA will want to make it a friendly breakup. Leaving them will not break their bank. Besides that, they want to keep a good reputation in their industry. They are professionally obligated to get you all of the documents and records you need to effectively hire a new CPA. So, roll up your sleeves, but don’t worry about the transition!

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business.

It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!