Comprehensive Tax & Advisory Services for Real Estate Investors
Strategic Planning • Proactive Tax Reduction • Full Compliance
At Keshav Prem and Associates, PC, we specialize in serving the complex needs of real estate investors. Whether you’re a landlord with a single property or a full-time real estate entrepreneur with multiple holdings and LLCs, we provide CPA-level expertise to help you maximize returns, reduce taxes, and stay compliant at every level.
Why Real Estate Investors Choose Us
- Tailored Real Estate Tax Strategies: We customize tax planning to fit your real estate goals—buy-and-hold, flipping, short-term rentals, syndications, and more.
- Multi-State Compliance: We handle income tax, sales tax, and franchise tax for properties located across multiple states and municipalities.
- Entity Structuring: Guidance on LLCs, Series LLCs, S Corps, or partnerships to protect your assets and optimize tax treatment.
- Cost Segregation Studies: Accelerate depreciation to reduce taxable income faster and boost short-term cash flow.
- 1031 Exchanges: Defer capital gains taxes by reinvesting in like-kind property. We help you meet the timelines and rules required for successful 1031 execution.
- Depreciation Optimization: Strategic use of MACRS, Section 179, and bonus depreciation to minimize taxable rental income.
- Passive Activity Loss Planning: Make the most of your passive losses by navigating IRS rules and Real Estate Professional Status (REPS).
- Short-Term Rental Loopholes: Special rules for Airbnb/VRBO owners may allow losses to offset active income—even without REPS.
- Qualified Business Income (QBI) Deduction: Determine if your rental activity qualifies as a trade or business for up to 20% income deduction under Section 199A.
- Capital Gains & Exit Strategies: Plan ahead for sales, installment sales, opportunity zone deferrals, or charitable remainder trusts.
- Bookkeeping & Reporting: Clean records, Schedule E preparation, asset ledgers, and audit-ready documentation.
Bonus Services for Serious Investors
- Multi-Entity Consolidated Reporting
- Integration with Property Management Software (e.g., AppFolio, Buildium)
- Monthly or Quarterly Financial Statements
- Partnership/LLC K-1 Preparation
- Representation for IRS or State Audits
Top Tax Tips for Real Estate Investors
- Use LLCs to Hold Title: Limited liability and flexibility for income splitting or exit strategies.
- Track Every Deductible Expense: Mortgage interest, insurance, repairs, HOA, property taxes, travel, and education.
- Document Repairs vs. Improvements: Repairs are deductible immediately; improvements must be capitalized.
- Elect Real Estate Professional Status (REPS): Deduct passive losses against active income if you meet IRS time thresholds.
- Consider a 1031 Exchange: Defer capital gains and depreciation recapture taxes by reinvesting sale proceeds in a new property.
- Depreciate Everything: Land improvements, appliances, fencing, and roofs can be depreciated under different schedules.
- Maximize Bonus Depreciation: Take 100% first-year depreciation on qualified assets (phasing down over time after 2023).
- Use Retirement Accounts for Real Estate: Buy real estate inside a self-directed IRA or Solo 401(k) to grow tax-deferred or tax-free.
Who We Work With
- Buy-and-Hold Landlords
- Short-Term Rental Operators
- Flippers & Rehabbers
- Real Estate Developers
- Real Estate Agents with Investment Holdings
- Multifamily and Syndication Investors
Let’s Talk Real Estate Strategy
Don’t leave tax savings on the table. Whether you’re scaling your portfolio or optimizing a single rental, Keshav Prem and Associates, PC is your CPA partner for long-term success. We combine deep tax expertise, compliance know-how, and real estate insight to serve investors nationwide.
Contact us today for a free consultation tailored to your real estate business.
Contact Information
Keshav Prem and Associates, PC
4260 Westbrook Dr, Suite 107
Aurora, IL 60504
Website: www.smalltax.com