Property management accounting
Our firm has extensive experience in the residential real estate markets. Services include management of any and all accounting tasks related to property management, such as property taxes, maintenance of escrow accounts, AP/AR, capital improvements budgeting, line of credit analysis, repairs and maintenance, budgeting , and working with the board of directors.
Commercial real estate
We provide the full scope of accounting services required for private equity funds, hedge funds, and individuals that have invested in commercial real estate. This includes office, warehouse, retail, industrial, etc.
Capital gains from home sale
You can exclude up to $500,000 in capital gains from the sale of a primary residence. For rental properties, you can defer the entire capital gain by using a 1031 exchange. Please contact us for information on either of these exclusions.
Taxation of domestic & international rental properties
Many of our clients own a portfolio of rental properties. We are happy to explain how you can use depreciation to minimize or eliminate taxable income. We will also help you understand how passive unallowed activity losses accumulating on IRS from 8582 can create a windfall tax deduction in future years.