Real Estate Accounting Services for Chicago & the North Shore

Stay on top of income, expenses, and reporting with confidenc

From investors and brokers to developers and property managers, real estate professionals rely on accurate accounting and smart tax planning to maximize profits. We provide industry-specific expertise that helps you manage properties, structure deals efficiently, and keep more of your returns.

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Accounting Support for Every Corner of the Real Estate Industry

We provide accounting and tax services for:



  • Real estate developers
  • Property investors and landlords
  • Rental property owners (single-unit to multi-property portfolios)
  • Brokers and real estate agents
  • Property management companies
  • Construction and rehab-focused businesses

These professionals trust RHL Accountants for reliable accounting, compliance support, and money-saving tax strategies tailored to their investments.

Strategies Built for Complex Transactions & Fluctuating Cash Flow

Real estate involves big decisions, irregular cash flow, and ever-changing tax rules. We help you navigate:



  • 1031 exchanges to legally defer capital gains
  • Cost segregation to accelerate depreciation
  • Passive activity loss rules for rental properties
  • Capital gains and exit strategy planning
  • Income/expense tracking by property or project
  • Construction accounting and job-costing
  • Entity selection for real estate tax efficiency

From acquisition through disposition, we help you maximize profitability and avoid costly mistakes.

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Bookkeeping, Reporting & Tax Planning for Real Estate

Our full-service accounting support includes:



  • Rental property bookkeeping
  • Property-level cash flow analysis
  • Budgeting for development and rehab projects
  • Construction accounting & job costing
  • Monthly/quarterly financial reports
  • Depreciation schedules & asset tracking
  • Tax preparation for rental income and real estate entities
  • Loan package preparation and financial statements for lenders

We help ensure your properties are profitable, compliant, and positioned for long-term success.

Maximize Returns Without Managing the Books Yourself

With RHL, you get the benefits of an in-house accounting department without the full-time cost. We help you:



  • Monitor cash flow to identify underperforming properties
  • Reduce tax liability with strategic planning
  • Track maintenance, repairs, and capital improvements
  • Standardize processes across all properties
  • Improve profitability across your portfolio
  • Safeguard assets and minimize losses

You focus on closing deals, managing tenants, and finding new opportunities—we handle the financial side.

Guidance for Acquisitions, Sales & New Developments

Real estate success hinges on smart financial decisions. We provide objective insight when you’re evaluating new purchases, planning development projects, or preparing to sell property.



We help clients:


  • Assess financial feasibility
  • Project cash flow and ROI
  • Understand tax consequences of buying or selling
  • Plan for exit strategies and capital gains
  • Navigate entity restructuring for growth

As your portfolio expands, we guide you through each step with clarity and strategy.

Frequently Asked Questions

  • Can you help evaluate the profitability of each property I own?

    Yes. We create property-by-property income and expense statements, analyze net operating income, and highlight underperforming assets or hidden cash flow issues.

  • How do you handle accounting for renovations or capital improvements?

    We categorize improvements correctly, manage depreciation schedules, and help determine whether cost segregation or other accelerated depreciation methods can improve tax outcomes.

  • Can you advise on the tax implications of selling or exchanging a property?

    Absolutely. We analyze capital gains, recapture rules, 1031 exchange requirements, and timing considerations so you understand your tax exposure before making decisions.

  • Do you assist property management companies differently from individual investors?

    Yes. Management companies have unique needs—trust/escrow handling, owner statements, fee tracking, and multi-property reporting. We set up systems that support these operational requirements.

  • How do you support investors with multi-state properties?

    We handle state-specific filing requirements, allocation of income across jurisdictions, nexus analysis, and withholding rules so your portfolio stays compliant and tax-efficient.

Tax documents including a tax statement, forms, and a notebook with notes.

Take Your Real Estate Venture to the Next Level

Maximize returns, reduce tax exposure, and gain a financial partner who understands real estate inside and out.