The IRS line between a deductible repair and a capital improvement (depreciated over 27.5 years) is one of the most litigated in real estate. Self-managed investors routinely expense structural upgrades that should be capitalized — overstating deductions and understating depreciation — and 2026 IRS digital matching against contractor 1099s makes those discrepancies easy to flag.
We apply the IRS tangible-property regulations to every transaction, flag gray-area items for review, and document the rationale — giving you a clean, defensible paper trail if a notice ever arrives.
One checking account across several properties feels fine at first. By eight to twelve doors across multiple LLCs it collapses: you cannot produce a property-level P&L, see which address actually cash-flows, or generate lender-ready financials for the next acquisition — and undocumented inter-company transfers pierce the LLC veil in an audit.
We restructure your QuickBooks file with a real-estate chart of accounts, property-level class tracking, and separate entities handled correctly — so every door has its own P&L and consolidating for a refinance or 1031 takes hours, not weeks.
Investors under-claim deductions not from dishonesty but from incomplete tracking — property travel, home-office allocation, amortized loan points, legal and professional fees, and education all go uncaptured without a system. Inherited or never-reset depreciation schedules compound the loss.
We reconcile every account monthly, flag deductible items that would otherwise be missed, and maintain depreciation schedules that reflect actual basis — giving your CPA clean data to file from, not a year of transactions to sort.
New clients get a free historical cleanup when they start a plan.
It depends on the number of properties, entities, and monthly transaction volume. Book a free discovery call — we review your setup, scope the work, and quote a flat monthly rate with no surprises.
QuickBooks Online. Our team is QuickBooks-certified and builds a real-estate chart of accounts tailored to your portfolio, with class tracking by property and separate files per entity where needed.
New clients receive a complimentary catch-up cleanup at onboarding — we correct misclassifications, rebuild missing records, and reconcile your accounts to a clean baseline before monthly maintenance begins.
Yes — that is how this is designed. We keep your books clean and GAAP-compliant year-round; your CPA receives organized, reconciled financials at tax time and files without reconstructing anything.
Yes. We maintain separate QuickBooks files per entity, track inter-company transfers correctly, and produce both property-level and consolidated reporting across your portfolio.