Do you do cost-segregation studies?

We coordinate with cost-segregation engineering firms and integrate the resulting depreciation schedules into your tax return. We don't perform the engineering study itself but we manage the process and the tax outcome.

Can you handle a portfolio with one LLC per property?

Yes. This is the most common structure we see. We maintain books for each entity, consolidate at the owner level, and file the per-entity returns with proper inter-company eliminations.

Do you support 1031 exchanges?

Yes. We coordinate with your qualified intermediary, track basis on the replacement property, and prepare the required Form 8824 disclosures.

Can you analyze real-estate-professional status?

Yes. We document the 750-hour and material-participation tests across all your real estate activities and prepare the elections and grouping rules that maximize loss deductibility.

Real Estate

Accounting for Real Estate Investors and Operators

Real estate accounting is per-property P&L, basis tracking, depreciation strategy, and partnership tax — under multiple entities, often across states. Rubric Financial supports landlords, syndicators, fix-and-flip operators, and short-term rental owners with the structure these businesses demand.

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What We See Most

Common challenges in this category

The accounting and tax issues we run into repeatedly with real estate clients.

Per-property profit and loss with proper allocation of indirect costs (insurance, debt service, management fees)
Depreciation strategy: straight-line vs. cost segregation studies, bonus depreciation phaseouts (2023–2027)
Tracking basis across multiple LLCs and partnerships — outside basis, at-risk basis, and §704(b) capital
Multi-state filings when properties are in different states than the owner
Passive activity loss rules and real-estate-professional status for tax planning
1031 exchanges, partnership distributions in kind, and capital account reconciliation at sale

How We Help

Services that matter most for real estate

Accounting

Per-property P&L, capital expenditure tracking, debt service schedules, and clean partner capital accounts every month.

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Business Tax & CPA

Partnership (1065) returns with K-1s, depreciation strategy, cost-segregation analysis, and 1031-exchange documentation.

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Personal Tax

Real-estate-professional status analysis, passive loss carryforwards, and coordinated multi-state personal returns.

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Business Valuation

Owner buyouts, partnership exit valuations, estate / gift planning for real estate holdings.

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FAQ

Common questions

Do you do cost-segregation studies?: We coordinate with cost-segregation engineering firms and integrate the resulting depreciation schedules into your tax return. We don't perform the engineering study itself but we manage the process and the tax outcome.
Can you handle a portfolio with one LLC per property?: Yes. This is the most common structure we see. We maintain books for each entity, consolidate at the owner level, and file the per-entity returns with proper inter-company eliminations.
Do you support 1031 exchanges?: Yes. We coordinate with your qualified intermediary, track basis on the replacement property, and prepare the required Form 8824 disclosures.
Can you analyze real-estate-professional status?: Yes. We document the 750-hour and material-participation tests across all your real estate activities and prepare the elections and grouping rules that maximize loss deductibility.

Run a real estate business?

Tell us about it. Same business day response from a partner.

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