Advise RE, a Los Angeles-based firm, has announced that its construction advisory services are directly shaped by the hands-on development experience of its founder, Stephen Morris, CPA, MBT, CCIM. Morris has developed more than 50 multifamily units in Los Angeles, providing a practical foundation for the firm's approach to advising property owners and developers. This background matters because it allows Advise RE to offer guidance that goes beyond theoretical advice, addressing the real-world financial and tax implications of construction projects.
The firm's advisory services begin before construction starts, focusing on the decisions that determine a project's economic viability. Advise RE reviews feasibility assumptions, construction budgets, financing structures, and projected carrying costs. This helps owners assess whether their projections account for realistic rents, construction schedules, and potential delays. The service is designed for first-time developers, owners adding units or accessory dwelling units (ADUs), and investors renovating or converting existing buildings. By evaluating these factors upfront, Advise RE aims to prevent costly mistakes that can derail a project's profitability.
During construction, Advise RE assists owners in organizing project costs and understanding their tax treatment. This includes capitalization planning and cost tracking that supports 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. Dealer-versus-investor treatment is also part of this planning. These construction accounting advisory functions are integrated into the firm's broader tax and development work, ensuring that financial and tax strategies align throughout the project lifecycle.
Importantly, Advise RE's construction advisory services are designed to support the owner's decisions, 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. This clear division of roles ensures that owners receive specialized financial and tax guidance without overstepping into areas outside the firm's expertise.
Owners interested in learning more can describe their project and submit an inquiry through the form on the Advise RE website. The team reviews inquiries before arranging an initial conversation. Advise RE is based in Los Angeles and serves real estate investors and developers across the United States. Its work connects tax planning and preparation with practical property ownership and development experience. CPA services are provided through Advise RE, PC, while Advise RE Developers holds California general contractor license #1142184.
This announcement is significant because it highlights a growing trend in real estate: the integration of tax and construction advisory services. By leveraging Morris's development experience, Advise RE offers a unique perspective that can help owners navigate the complex financial and tax landscape of real estate development. With the housing shortage in Los Angeles and beyond, such advisory services can play a crucial role in bringing more units to market efficiently and profitably.
