Advise RE, a Los Angeles-based firm, is offering construction advisory services that draw directly on the development experience of its founder, Stephen Morris, CPA, MBT, CCIM. Morris has developed more than 50 multifamily units in Los Angeles, and that background informs how the firm advises property owners and developers on the financial and tax dimensions of construction projects. The firm's approach is notable because it positions advice from the owner's side of the table, rather than from the perspective of a general contractor or attorney, filling a gap in the market for integrated construction and tax guidance.
The firm's services begin before construction starts, with a review of feasibility assumptions, construction budgets, financing structure, and projected carrying costs. This early-stage analysis helps owners assess whether a project's numbers account for realistic rents, construction schedules, and potential delays. The service is aimed at first-time developers, owners adding units or accessory dwelling units (ADUs), and investors renovating or converting existing buildings. By scrutinizing the economics upfront, Advise RE aims to prevent costly mistakes that can derail a project before it breaks ground.
During construction, Advise RE helps owners organize project costs and understand their tax treatment. This includes capitalization planning and cost tracking that supports lender reporting and tax preparation. As a project approaches 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, providing a seamless approach that many owners struggle to find elsewhere.
Importantly, Advise RE's construction advisory services support the owner's decisions but 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. This clear delineation ensures that owners receive specialized input without overstepping into areas outside the firm's expertise. Advise RE Developers holds a California general contractor license, CSLB #1142184, further underscoring its practical understanding of construction.
Owners can describe their project and learn more through the inquiry 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.
