Advise RE, a Los Angeles-based real estate advisory firm, has announced that its construction advisory services are directly shaped by the hands-on development experience of its founder, Stephen Morris. Morris, a CPA, MBT, and CCIM, has developed more than 50 multifamily units in Los Angeles and is a licensed real estate broker. His background provides a practical foundation for the firm's approach to guiding owners and developers through the financial and tax complexities of construction projects.
The firm's construction advisory services are designed to assist property owners before construction begins, during the build, and as properties enter service or prepare for sale. According to the press release, Advise RE reviews feasibility assumptions, construction budgets, financing structure, and projected carrying costs. This 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.
Why does this matter? Construction projects often fail financially due to overlooked costs or overly optimistic projections. By providing an independent review of project economics, Advise RE aims to prevent costly mistakes before owners commit. The firm's founder has personally navigated these challenges, giving the advice a practical edge that goes beyond theoretical analysis.
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. Dealer-versus-investor treatment is also part of that planning. These construction accounting advisory functions are integrated directly into the firm's broader tax and development work.
It is important to note that 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 financial guidance without overstepping into areas requiring licensed professionals.
Advise RE Developers holds a California general contractor license, CSLB #1142184, further underscoring the firm's commitment to practical, regulated expertise. CPA services are provided through Advise RE, PC. The firm is based in Los Angeles and serves real estate investors and developers across the United States, connecting tax planning and preparation with practical property ownership and development experience.
Owners interested in learning more can visit https://adviseretax.com to describe their project and submit an inquiry. The team reviews inquiries before arranging an initial conversation. In an industry where construction costs and timelines frequently shift, having an advisor who understands both the numbers and the nuts-and-bolts of development can be a significant advantage. Advise RE's model offers a bridge between tax strategy and on-the-ground construction realities, potentially saving owners from expensive missteps and helping them maximize returns.
