Advise RE, a Los Angeles-based firm, is offering real estate construction advisory services that draw on the hands-on development experience of its founder, Stephen Morris, CPA, MBT, CCIM. Morris has developed more than 50 multifamily units in Los Angeles and brings a background as a property owner, developer, and licensed real estate broker. The firm's construction advisory practice is designed to help property owners and developers make informed decisions before, during, and after construction.
The advisory services begin with pre-construction planning, where Advise RE reviews feasibility assumptions, construction budgets, financing structures, and projected carrying costs. This helps owners assess whether a project's financial model accounts for realistic rents, construction schedules, and potential delays. The services cater to first-time developers, owners adding units or accessory dwelling units (ADUs), and investors renovating or converting existing buildings.
During construction, Advise RE assists owners in organizing project costs and understanding their tax treatment. This includes capitalization planning and cost tracking to support lender reporting and tax preparation. As projects near completion, the firm advises on placed-in-service timing and the tax implications of holding or selling the property, including dealer-versus-investor treatment. These construction accounting advisory functions are integrated into the firm's broader tax and development work.
Advise RE emphasizes that its construction advisory services support the owner's decisions and do not replace the project's general contractor. The firm reviews the financial and tax implications of budgets, schedules, and change orders, while attorneys remain responsible for legal advice and contract terms. Advise RE Developers holds a California general contractor license, CSLB #1142184, underscoring its practical understanding of construction.
Based in Los Angeles and serving real estate investors and developers across the United States, Advise RE connects tax planning and preparation with practical property ownership and development experience. CPA services are provided through Advise RE, PC. Owners interested in learning more can visit https://adviseretax.com to submit an inquiry form. The team reviews inquiries before arranging an initial conversation.
The launch of these services matters because it addresses a critical gap in real estate development: the integration of construction cost management with tax planning. Many owners struggle to align construction budgets with tax implications, leading to costly mistakes. By offering advisory rooted in actual development experience, Advise RE provides a resource that can help owners avoid pitfalls, optimize financial outcomes, and navigate the complexities of real estate projects. This approach may lead to more successful developments, efficient tax strategies, and ultimately, a more robust real estate market.
