Real Estate Accounting
The Firm of Sheldon L. Richards, CPA provides Real Estate Accounting Services to commercial and residential property managers, self-storage businesses, real estate developers, and real estate investors. Our firm specializes in the industry specific challenges, compliance needs, and industry standard tax practices of real estate agents, brokers, developers, and investors. We know that success in the real estate industry takes effective long-term strategic planning and good management of day-to-day operations.
Our accounting services for property managers include:
- Outsourced accounting and bookkeeping
- Cloud based accounting services
- Cash flow analysis
- Strategic tax planning
- Cost segregation
- Tax deferral transactions
- Passive activity deductions
- 1031 exchange strategies
- New business advisory
- Property valuations
- Lease analysis and review
- Rent roll preparation and posting
- Analyze and apply cash receipts to tenant accounts receivable
- Accounts payable review and general ledger accounting
- Financial statement preparation
- Budgeting and forecasting
- Ensuring compliance with management contracts
- Monthly and quarterly accruals
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