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Industry Focus

Accounting built for
real estate investors.

Property is only a good investment if the tax treatment is right. We handle per-property books, depreciation strategy, and the exchange and entity planning that keeps more of each deal in your pocket.

Request a Quote What We Handle
Per-Property BooksKnow each asset’s return
Depreciation StrategyCost segregation ready
1031 ExchangesPlanned and documented
30+ YearsCT market experience
Our Specialties

Built for real estate and investors.

The specific problems this industry runs into — handled by people who have seen them before.

01 — Core

Property-Level Accounting

Every property gets its own clean set of books — income, expenses, capital improvements, and financing tracked separately so you can see true cash-on-cash return per asset and per portfolio.

Per-Property P&LRent Roll ReconciliationCapEx vs. RepairMortgage & EscrowPortfolio ReportingOwner Distributions
Clean up your property books
02 — Tax

1031 Exchanges & Depreciation

Like-kind exchange planning, cost segregation coordination, bonus depreciation, and passive-activity loss strategy — timed so the deduction lands when you need it.

Plan your next exchange
03 — Structure

Entity & Ownership Structuring

LLC and holding-company structures that protect assets, simplify partner splits, and keep K-1s clean at year end.

Structure your portfolio
Who We Work With

Organizations like yours.

Serving clients across Litchfield County and throughout Connecticut.

Rental Property Owners

Single-family and small multifamily landlords who want clarity on what each door actually earns.

Commercial Investors

Retail, office, and industrial holdings with triple-net leases and multi-member ownership.

Real Estate Agents & Brokers

Commission income, self-employment tax planning, and brokerage entity structure.

Developers & Flippers

Project-level cost tracking, capitalization rules, and inventory vs. capital-asset treatment.

Investor Questions

What property investors ask us.

Depreciation, exchanges, and entity structure for real estate.

Should I hold each property in its own LLC?

Often yes, for liability isolation — a claim against one property does not reach the others. The tradeoffs are administrative cost and complexity: more filings, more bank accounts, more bookkeeping. Many investors use a series of single-property LLCs beneath a holding company to balance protection against overhead. The right structure depends on your equity, your lender, and your risk tolerance.

What is a cost segregation study and is it worth it?

A cost segregation study reclassifies portions of a building into shorter-lived asset categories — typically 5, 7, and 15 year property — accelerating depreciation into the early years of ownership. On a property with meaningful basis it can generate substantial first-year deductions, especially combined with bonus depreciation. It generally makes sense above a certain purchase price and when you have income to offset. We evaluate whether the tax benefit justifies the study cost before you commission one.

How does a 1031 exchange actually work?

A 1031 like-kind exchange lets you defer capital gains by reinvesting proceeds from one investment property into another. The timeline is strict and unforgiving: 45 days to identify replacement property and 180 days to close, with a qualified intermediary holding the proceeds — you cannot touch the money. Most failed exchanges fail on the calendar or on identification rules, not on the concept. Plan the exchange before you list, not after you close.

Can I deduct rental losses against my other income?

Usually only up to limits. Passive activity loss rules generally restrict rental losses to passive income, with a limited allowance that phases out at higher incomes. The major exception is real estate professional status, which requires meeting material participation and hour thresholds and is heavily scrutinized on audit. If you qualify legitimately, the benefit is significant — but the documentation has to be contemporaneous and real.

What is the difference between a repair and a capital improvement?

A repair keeps property in working condition and is deductible immediately; a capital improvement betters, restores, or adapts the property and must be capitalized and depreciated. The line is genuinely blurry — replacing a few shingles versus replacing the roof — and the tangible property regulations provide safe harbors that many investors never claim. Classifying correctly, and using the available elections, changes your current-year deduction substantially.

How should agents and brokers handle self-employment tax?

Commission income is subject to self-employment tax, and for agents earning meaningful income an S-corporation election can reduce that burden by splitting income between reasonable salary and distributions. The salary must be defensible. Combined with a retirement plan and proper expense tracking, structure changes can save real money for producing agents — but the election has to be made and administered correctly.

Do I need separate books for each property?

Yes, if you want to know anything useful. Portfolio-level reporting tells you whether you made money overall; property-level reporting tells you which asset is underperforming, what your true cash-on-cash return is, and what a property is worth to a buyer. It also makes 1031 planning and eventual sale reporting dramatically easier.

Own property? Own the tax strategy too.

Tell us about your portfolio and what you are planning next — we will send a personalized quote with no obligation.