Collaborating with a top accounting consulting service for real estate companies is crucial to achieving success. However, it is even more important to seek partners with localised and regional expertise to ensure maximum profitability, growth and compliance. These eight advisory firms serve different corners of the United States, guaranteeing that real estate professionals receive the assistance, education and support that matters most.
Why Local and Regional Expertise Matters in Real Estate Accounting
Seeking expert real estate accounting advice from a consultancy firm specialising in local and regional industries is crucial. These professionals are adept in state and municipal regulations, tax codes and the surrounding housing markets that vary by location.
Accountants with regional experience understand the nuances of those areas, from property tax assessments to permit processes and zoning laws. They also know location-specific incentives that may impact profitability and compliance.
Their knowledge of stringent timelines, revenue streams and legalities is especially beneficial to construction and property management companies. Firms with localised experience are better equipped to provide guidance on complex real estate cycles and assist in complying with evolving requirements.
Most importantly, they are usually more accessible and foster deeper relationships with fclients, responding promptly to inquiries and urgent matters. Real estate firms can operate with greater confidence and more competitively, knowing they have a reputable accounting consultant.
How to Choose a Top Accounting Consulting Service for Real Estate Companies
Choosing a top accounting consulting service for real estate companies with local and regional expertise is critical. Reviewing a potential partner’s website can provide an overview of its services, including bookkeeping, tax planning and financial reporting. Its team should also offer advisory services to help real estate companies scale over time.
Credentials are equally valuable, which is why professionals should look for places with CPAs and advisors with familiarity with QuickBooks and property management software. They should also assess a firm’s communication and accessibility, prioritising companies that are responsive and offer personalised service and support.
Reading online reviews and testimonials can offer a deeper insight into client experiences with consultancies. It is also essential to check their ratings with the Better Business Bureau and request a copy of their client portfolios.
Prospective partners should also provide transparent pricing structures with no hidden fees and be clear about their onboarding process. Real estate professionals should schedule a consultation to gauge a sufficient fit and service approach.
Now that you’re familiar with the criteria to use in determining the best fit for your company’s needs, the following are some of the best regional companies serving businesses across the U.S.
The Southeast
1. Marshall Jones
Marshall Jones delivers top accounting consulting services to real estate establishments in Atlanta and the surrounding Georgia area. Certified public accountants (CPAs) and advisors provide comprehensive solutions, encompassing a range of services from outsourced and virtual accounting to bookkeeping and year-end financial auditing.
It also supplies expert tax, compilation and consulting guidance, while several team members maintain QuickBooks certification, further confirming technical proficiency.
Clients can have peace of mind with accurate monthly reporting and compliance through proper book reviews. Additionally, Marshall Jones makes it easy to reach designated accountants at any time through multiple communication channels.
2. Warren Averett
Warren Averett is a comprehensive accounting, advisory and technology firm that serves real estate businesses across Alabama, Florida and Georgia. Services include traditional accounting, tax planning and compliance, corporate and transaction advisory, risk management, human resources, and cybersecurity.
Its client accounting services, in particular, encompass outsourced bookkeeping, payroll, and solutions for controllers and chief financial officers, utilising cloud-based technology for real-time insights and scalability. Customers receive customised needs assessment, strategic implementation and ongoing performance monitoring with Warren Averett’s team of CPAs who specialise in real estate.
The Northeast
3. Kreischer Miller
Kreischer Miller is a leading independent accounting, tax and advisory firm in Philadelphia and Lehigh Valley, Pennsylvania, and the surrounding areas. It supports private and middle-market businesses in the construction and real estate sectors, among others.
Its key services include auditing and accounting, tax preparation, compliance, and an extensive suite of advisory assistance, such as business valuation, transition and exit planning, transaction support, and more.
Clients will appreciate its outsourced financial assistance, cloud-based bookkeeping and monthly reporting through digital dashboards. Its approach emphasises accessibility and solid client relationships, enabling real estate companies to adapt to an evolving market.
4. Presti & Naegele
Real estate professionals in New York should consider Presti & Naegele for accounting and advisory services. It has offices in Manhattan and Long Island, as well as Stamford, Connecticut, underscoring its local niche and knowledge.
Its core client financial assistance includes bookkeeping, QuickBooks, payroll and tax planning, with consulting offerings like asset protection, forensic accounting, valuations, and mergers and acquisitions.
This firm stands out for its technical expertise and responsiveness, with a modern client portal for straightforward account management. Its team comprises CPA and advisors with ample experience offering personalised client care and financial clarity that aids business growth.
The Midwest
5. Barton, Walter & Krier
Minnesota-based Barton, Walter & Krier is a comprehensive CPA firm with a broad range of accounting, tax, auditing and consulting services for real estate, construction and other industries. This partner combines big-firm expertise with personalised client attention, delivering a knowledgeable team of CPAs and tax professionals.
Its process includes a careful assessment of current financials, with recommendations based on individual needs and desired outcomes. The accountant will then implement solutions to improve operations for future growth, reduce tax burdens and boost annual revenue. Ongoing accounting management and guidance ensure long-term stability and peace of mind.
6. Yeo & Yeo
Yeo & Yeo is located in Michigan and provides real estate accounting and consulting services to developers, investors and property managers. Its highly-qualified CPA, advisors and information technology professionals maintain extensive industry knowledge that enables firms to plan for future profitability and organisational achievement.
It has served over 600 real estate companies, from low-income housing to rural development and property management. In addition to traditional auditing, tax preparation and business consulting, it also offers numerous outsourced solutions, such as accounting, payroll, human resources advisory and internal controls. These services are scalable fixed-fee programs that are customisable to meet varying needs, objectives and budgets.
The West
7. Lucas Horsfall
Lucas Horsfall has offices in Pasadena, Irvine and Encino, California. Its comprehensive offerings for real estate clients include assurance, tax planning and compliance, merger and acquisition advisory, and other robust client accounting solutions.
Its a la carte services include support for individuals and organisations, comprising daily financial operations, automated reporting, budgeting, forecasting and procedural refinements. The CPAs also provide bookkeeping, payroll and various outsourced CFO services to help businesses become stronger and more agile. This partner prioritises building long-term customer relationships, attentive service, technical expertise and personalised guidance as businesses undergo growth.
8. Perkins & Co.
Perkins & Co. is based in Portland, Oregon, and offers localised financial knowledge and advisory services to real estate and construction businesses, among others. Its specialties comprise outsourced client accounting, tax planning and compliance, assurance, transaction consulting, cost segregation, and succession planning.
This partner stands out for its client-focused approach that entails optimal communication, transparency and industry-specific strategies. Clients receive responses to queries within 24 hours, as well as educational resources and networking opportunities. They also have access to the entire Perkins team to ensure maximum service and timely support.
Securing an Expert Regional Partner
Real estate professionals often face challenges in navigating financials. Accounting consulting services with localised expertise can help make a significant difference for firms’ bottom lines. Prospective clients can partner with knowledgeable CPAs and benefit from a range of advisory and capital management services to support future growth.
