Los Angeles · Founded 2013

Real Estate CPAs in Los Angeles Who Actually Build

We're not accountants who happen to have real estate clients. We buy, develop, and manage property in Los Angeles. 50+ units and counting. We bring what we learn as owners into every tax plan we write, for clients in LA and far beyond.

CPA MBT CCIM Licensed Real Estate Broker Licensed General Contractor Founded 2013 Los Angeles

You've reached the point where your money should work for you. Advise RE plans, prepares, and defends the tax position behind your real estate. Before the year closes, not after. From Los Angeles, we work with investors and developers across the city, the country, and overseas.

What are you here to do?

Four ways in. Every one of them starts with the same short form and a person who reads it.

Cross-border investor? Foreign buyers of U.S. property and Americans with property abroad: see International.

LA has tax problems the rest of the country doesn't.

We own buildings here, so we work on them every day. The deep dives live in our California tax library.

Prop 19 and inherited property Most parent-to-child transfers of rentals now trigger reassessment. A building held for decades can see its property tax triple. The planning has to happen while you're alive.
Measure ULA when you sell Sell in the City of LA above the thresholds and the city takes another cut of the gross price, not your gain. It belongs in the hold-or-sell math before you list.
Rent-stabilized buildings Capped rents make the tax line one of the few levers you still control. Most owners never pull it.
Rebuilding after loss Fire and involuntary-conversion rules can defer the tax hit, but the deadlines are strict.
50+
units developed in Los Angeles
2013
founded: planning through every cycle since

We've run engagements where the client has strong positive cash flow and taxable income at or below zero. Legally, through depreciation planning and 1031 exchanges. The key ingredient is actually owning property. So we do.

“We frequently work with Advise RE to help us understand tax issues with our borrowers. They have been fantastic at helping us understand their tax situation and explaining it clearly to us so that we can make better informed decisions throughout the loan process.”

— Tony Chan, Head of Lending, First General Bank

Real estate tax, in plain English.

New videos and articles every week, the same thinking we bring to client work.

Watch on YouTube → @AdviseRE
Video thumbnail: Santa Monica six-unit multifamily deal breakdown

How Below-Market Rents Create Hidden Value in Multifamily Deals (Santa Monica 6-Unit Breakdown)

Video thumbnail: phantom income in real estate syndications

Phantom Income: Why Your Syndication Investors Could Owe Taxes With No Cash in Hand

Video thumbnail: dealer versus investor status in real estate taxation

Dealer vs Investor in Real Estate: One Mistake Could Double Your Taxes

The people on your file.

Small team, senior only. The person you meet is the person who does the work.

Stephen Morris, founder of Advise RE, in a gray blazer and white shirt

Stephen Morris, CPA, MBT, CCIM

Founder

Licensed real estate broker (DRE #01975746) and general contractor. Has developed 50+ multifamily units in Los Angeles.

Diana Tung of Advise RE, in a black blazer

Diana Tung, CPA, MBT

Tax Practice

Former EY senior manager with a decade of fund and asset-management tax behind her.

Robert Ames of Advise RE, in a navy blazer

Robert Ames, CPA

Tax & Compliance

U.S. Treasury and Deloitte alum.

Fair questions.

What does a real estate CPA do that a general CPA doesn't?

Depreciation and cost segregation, real estate professional status, 1031 exchanges, entity structure for holding and flipping: the levers that decide what a property actually earns after tax. In our case there's one more difference: we own and develop property ourselves.

Do you only work with Los Angeles clients?

No. We're based in LA and know its rules cold, but our clients are across the country and overseas.

Do you prepare tax returns, or just plan?

Both. The plan drives the return. Splitting them between two firms is how strategies fall through the cracks.

Can you help with a 1031 exchange?

Yes: timing, structure (including drop-and-swap for partnerships), and the filings that follow.

I'm buying my first rental. Is it too early to talk?

The best time to set the structure is before the purchase, not after. If it's genuinely too early, we'll tell you.

How do we start?

Tell us about your situation in a short form. We read every application, and if we're a fit, our calendar link lands in your inbox within one business day.

Tell us what you own and where you're headed.

Five questions, two minutes. A person reads every application. If we're a fit, our calendar link lands in your inbox within one business day. If we're not, we'll tell you quickly and point you somewhere sensible.

If we're a fit, our calendar link lands in your inbox within one business day.

LATEST FROM THE BLOG

Protect Your Children’s Inheritance from Divorce & Creditors ?

Most real estate investors don't realize their children's inheritance can be wiped out by a divorce — here's how irrevocable trusts and LLCs stop that from happening in California. ? Stephen Morris sits down with Ashton Asher of the Asher Law Group to break down the...