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Lauzon and Lauzon CPAs logo

Licensed CPAs

30+ Years in Practice

Members AICPA & ASCPA

(928) 224-8389

Real Estate Investors · Nationwide

Accounting built for real estate investors.

Depreciation schedules that actually reflect a cost segregation study. Passive activity loss rules applied correctly across a multi-property portfolio. Real estate investing runs on mechanics most CPAs only half-understand — we work in them every day, for portfolios from a first rental to dozens of doors.

Multi-unit rental property exterior on a clear day

Where generalists get it wrong

Where generalist CPAs cost you money.

A cost segregation study that never made it into the return

The engineering study gets purchased, delivered as a PDF, and never actually integrated into the depreciation schedule — so the accelerated deductions it identified simply don’t show up anywhere on the return.

Real Estate Professional Status claimed with no paper trail behind it

REPS gets checked on the return with hours estimated after the fact instead of logged as they happened — a position that looks fine until the IRS asks for contemporaneous documentation that was never kept.

Short-term rental income taxed as passive, by default

Average stay and material participation would qualify the activity as non-passive, but a generalist CPA defaults to treating all rental income the same way — leaving real losses suspended instead of offsetting active income.

How we work with investors

Four situations

Short-Term Rentals

Material participation, the average-stay test, and the difference between passive and active STR income.

1031 Exchanges & Cost Segregation

We coordinate with your exchange intermediary and cost seg engineer, then make sure it all lands correctly on your return.

Real Estate Professional Status

Qualifying is only step one — we help you document it in a way that holds up if the IRS asks.

Real Estate Agents & Brokers

Commission income, self-employment tax, and the deductions agents consistently miss.

What we actually do

The work, specific to real estate.

01

A cost segregation study that never made it into the return

The engineering study gets purchased, delivered as a PDF, and never actually integrated into the depreciation schedule — so the accelerated deductions it identified simply don’t show up anywhere on the return.

02

Real Estate Professional Status claimed with no paper trail behind it

REPS gets checked on the return with hours estimated after the fact instead of logged as they happened — a position that looks fine until the IRS asks for contemporaneous documentation that was never kept.

03

Short-term rental income taxed as passive, by default

Average stay and material participation would qualify the activity as non-passive, but a generalist CPA defaults to treating all rental income the same way — leaving real losses suspended instead of offsetting active income.

In their words

“They understood our portfolio from the first call — cost segregation, depreciation, the whole picture. No explaining the basics twice.”

Real estate investor · portfolio owner

Common questions · FAQ

Before you call.

No — we coordinate with a third-party cost segregation engineering firm and integrate their study into your books, depreciation schedule, and return. We manage the relationship and make sure the numbers land correctly; the engineering work itself is done by specialists who do nothing else.

Yes. We review your hours against both required tests — 750+ hours in real property trades and more than half of your total personal service hours — and set up contemporaneous time-log documentation before the IRS ever asks for it, not after.

Long-term rentals are passive by default, limiting how losses offset other income. Short-term rentals with an average guest stay of seven days or fewer can qualify as non-passive if you materially participate, which can let losses offset W-2 or business income instead of sitting suspended.

Yes — nonresident returns, state-specific depreciation adjustments, and composite filings for portfolios spread across multiple states are a routine part of this practice.

We already know this material cold. A generalist CPA sees a cost segregation study or a REPS qualification question once every few years; we see them every week, for portfolios at every stage from a first rental to dozens of doors.

Keep exploring

Industries

High-Net-Worth Individuals

When property holdings are one part of a larger personal wealth picture. Industries

Cash-Pay Medical Practices

Many practice-owner clients are real estate investors too, on the side or by design.

Begin

Getting started with a CPA.

Reviewing performance data together during a client meeting

Step 1

Discovery call

A complimentary 20-minute call to see whether we're a good fit — no pitch, no obligation.

Analyzing returns, structure, and margins

Step 2

The Partner Review

We review your portfolio, structure, and depreciation position — a partner, personally — and present a written plan.

Implementing the plan and advising year-round

Step 3

Implement & advise

We put the plan to work and keep watch all year, so you can focus on the next acquisition.

Complimentary · Confidential

Begin with a conversation.

Twenty minutes with a partner — no cost, and no obligation to go further. Pick a time below.