Real Estate

Accounting Services for Real Estate in Chicago, IL

Maximize your real estate business's potential with our expert CPA services at Lewis CPA. Located in Chicago, IL, our team specializes in tailored accounting solutions for the dynamic real estate industry.

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4000+ Happy Clients

We service 1,000+ businesses and 3,000+ individual clients, many of them located nationwide.

39 Years of Experience

Since 1986, we’ve provided comprehensive tax and accounting solutions for individuals and businesses.

52 States Serving

With our technology stack, we provide remote accounting services for you and your business, regardless the location.

What Makes Real Estate Accounting Unique?

Real estate accounting is a complex field that requires specialized knowledge. Here’s how our services address these unique needs:

Property-specific challenges: Managing finances for properties with varying tax rates and regulations;
Complex transactions: Handling intricate real estate transactions including acquisitions, sales, and 1031 exchanges;
Regulatory compliance: Ensuring adherence to evolving real estate tax laws and regulations.

Trusted Chicago Real Estate CPA

At our Susan Lewis CPA firm, we pride ourselves on our deep expertise backed by 25+ years of experience in the real estate sector. Our team of seasoned professionals offers comprehensive tax planning strategies and accounting services tailored to the needs of real estate businesses in Chicago. Whether you're a property manager, real estate investor, or run a real estate company, our knowledge and experience make us your go-to CPA for all real estate accounting needs.

Our Specialized Real Estate Accounting Services

Our skilled real estate CPA firm is ready to provide you with a range of specialized real estate accounting services, including:

Real Estate Dispositions
Section 1031 Exchange Guidance
Due Diligence for Real Estate Transactions
Lease Audits
Real Estate Investment Trust Consultation
Bank Financing Support
Tax Credits: Energy, Solar, Enterprise Zones, Low-Income, and Affordable Housing
Business and Real Estate Valuations
Internal Control Audits
Litigation Support and Fraud Investigation
Capital Acquisition and Disposal

Count on us for expert guidance in navigating the complexities of the real estate industry.

Our Tax Services for Real Estate Businesses

We don't just offer bookkeeping services for real estate agents. We can help you create a detailed tax strategy that makes financial management effective because we can help you take advantage of deductions that help you save money. You'll also save time since we prepare and file any tax forms for you. Rest assured that our tax services are always timely to help you avoid fines and penalties.

Tax Planning and Preparation

Bookkeeping services for real estate business professionals are a good start, but we also handle tax planning and preparation so you keep more of what you earn and make.

Audit

CPA firms specializing in real estate help manage lots of money, even if there aren't many transactions. We can make sure every dollar is where it's supposed to be and is handled properly.

Real Estate Assurance Services

Real estate assurance services provide invaluable peace of mind for property owners and investors. We offer comprehensive audits, risk assessments, and financial reviews tailored to the real estate industry. Our expert team ensures your real estate operations' accuracy, compliance, and transparency, enhancing confidence in your investments and property management.

IRS Representation

Not all real estate accounting firms stand by their work, but we will represent you in front of the IRS if the situation arises.

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Our Real Estate Accounting and Bookkeeping Services

Outsourcing your accounting to a good CPA can be a savvy move. You free yourself up to focus on growing your business instead of just operating it, and we can develop customized solutions that meet your current needs while scaling with your growth.

Bookkeeping Services

Our specialized bookkeeping services cater to the real estate industry's financial needs. We handle your accounts meticulously to ensure accurate records, expense tracking, rent collection, and financial reporting. As a result, you can focus on growing your real estate portfolio while we take care of the numbers.

Payroll Services

Let us handle everything from tracking hours to being sure your real estate business is in compliance with payroll taxes and every tax law at the local, state, and federal levels.

Financial Planning

Our financial planning services are tailored to meet the unique needs of real estate companies. Whether you're a property developer, investor, or management firm, we help you optimize financial strategies, mitigate risks, and maximize returns. From comprehensive portfolio analysis to tax-efficient planning, we're dedicated to guiding your real estate ventures toward long-term success. Secure your financial future with our expertise and insights.

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Our Diverse Real Estate Clients

At Susan Lewis CPA, we've had the privilege of serving a wide range of clients in the real estate industry. Our expertise extends to individuals, businesses, and organizations involved in various facets of real estate, from property developers and investors to management firms and nonprofits.

Property Developers
Real Estate Investors
Property Management Companies
Real Estate Agents and Brokers
Real Estate Investment Trusts (REITs)
Construction Companies
Commercial and Residential Landlords
Real Estate Developers
Property Flippers
Nonprofit Housing Organizations
Real Estate Attorneys
Real Estate Appraisers

Our Real Estate Accounting Process

While we tailor our services to each real estate client's unique needs, our process remains consistent, ensuring success across the real estate landscape — whether in Chicago or nationwide:

Why Choose Our CPA Services for Real Estate?

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Real Estate Accounting FAQs

Ready to Elevate Your Real Estate Ventures?

Connect with our CPA team for strategic financial guidance.

Comprehensive Services

From bookkeeping to tax planning, we offer a full suite of financial services designed to meet the unique needs of real estate professionals and businesses.

Proactive Tax Strategies

We go beyond compliance and work proactively to minimize your tax liabilities and maximize your profits.

Timely and Accurate Reporting

We provide timely financial reports to give you a clear understanding of your property investments' performance.

Client-Centric Approach

Your success is our priority. We offer personalized, one-on-one consultations to address your specific goals and challenges.

Compliance and Risk Management

We ensure that you stay compliant with all relevant regulations and assist in managing financial risks associated with real estate investments.

Schedule an Appointment

This initial meeting allows us to better understand your real estate objectives and requirements.

Connect with Your Accountant

Your dedicated real estate accountant becomes your trusted resource, committed to your financial success in the industry.

Streamline Financial Data Management

We employ precise, mindful management of your real estate financial data to simplify complex processes.

On-Demand Access to Reports

Access your essential account reports whenever you need them, providing valuable insights into your real estate portfolio.

Empower Informed Decisions

When you’re armed with detailed and well-informed financial data, you can make strategic decisions that drive the growth and success of your real estate ventures — both now and in the future.

What's the significance of 1031 exchanges in real estate tax planning?

A 1031 Exchange, also known as a like-kind exchange, allows real estate investors to defer capital gains taxes when selling one property and reinvesting the proceeds into another like-kind property. This tax-deferral strategy is significant because it enables investors to preserve their equity and potentially grow their real estate portfolio without the immediate tax burden.

Can you help with financial analysis for potential property acquisitions?

Absolutely! Our real estate accounting services include comprehensive financial analysis for potential property acquisitions. We assess the financial viability of prospective investments, considering factors like cash flow projections, return on investment (ROI), financing options, and tax implications. Our goal is to ensure you make informed decisions that align with your investment objectives.

Client Reviews

As a business owner I appreciate good customer service and that is why I am taking the time to give a thumbs up review of Susan S Lewis LTD. This firm is outstanding in all aspects of servicing the client. When asked about an accounting or a financial service company I would not hesitate to recommend them highly.

Aggie Lewis

5.0

My husband and I have used Susan Lewis for several years. The office is professional, the staff is responsive, and most importantly the work is exceptional. We never feel as though our questions are answered in a rushed manner, nor do we feel that answers to these questions fit a "one size fits all" mold. The depth of Sue's knowledge, and the support of her team are truly unmatched to other CPA's we have worked with over the years.

Marieantoinette Zamora

5.0

I believe I may be one of the longest tenured clients of Susan S. Lewis Ltd. We have been working with Sue and her team since 1989 and found them to be professional, courteous, and always willing to take the extra step to meet our needs. The fact we have used their services continuously for nearly 30 years is the best recommendation I could offer regarding Sue and her staff.

Fred Hejduk

5.0

Empower Your Financial Future with Our CPA Expertise!

Reach Out to Your CPA

If you need a real estate tax CPA that offers high-quality service and advice from an experienced team, contact us to see if we're a good fit. Our team has accountants and advisors who are ready to be your CPA specializing in real estate.

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