Real estate tax specialists

Tax strategy built for real estate investors

From cost segregation studies to 1031 exchanges, EJ CPAs LLP helps real estate investors, syndicators, and developers across the US keep more of what they build.

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"Proactive tax strategy is the difference between building wealth and just owning property."
— EJ CPAs LLP
Specialized in
Partnerships
1031 Exchanges
Cost Segregation
REPS Status
Passive Activity Rules
Multi-State Returns
Entity Structuring
1,000+
Real estate tax returns prepared
$1B+
In real estate transactions advised on
150+
Real estate clients served nationwide
32 yrs
Combined years focused exclusively on real estate tax strategy
About the firm

Built for serious real estate investment firms

EJ CPAs LLP is a boutique CPA firm exclusively focused on real estate. Every client, every return, every strategy revolves around property investment — that focus produces better outcomes.

Syndicators & fund sponsors
GP structures, promote economics, waterfall allocations, and K-1 preparation for multi-investor real estate funds and syndications.
Developments & construction
Dealer vs. investor elections, partnership structures, and project-level tax planning for developers and builders.
Commercial, multifamily & hospitality
Apartment buildings, mixed-use, retail, and hospitality — complex returns handled with precision.
Real estate professionals with small to midsize portfolios
Investors building and managing growing portfolios across residential, commercial, and mixed-use properties.
Why EJ CPAs

What sets a specialist apart

01
Real estate only
We don't split attention across industries. Every client, every return, every strategy is real estate.
02
Proactive, not reactive
We reach out before year-end, not after. Tax-saving moves require timing — cost segregation, REPS elections, year-end projections.
03
Partner-level access
You work directly with a partner on every engagement. No hand-offs to junior staff.
What we do

Specialized tax services for real estate investment firms and professionals

We handle the complexity of real estate tax law so you can focus on growing your portfolio. Every engagement is partner-led — no hand-offs to junior staff.

01
Tax consulting
Proactive planning around acquisitions, dispositions, and entity structure — before tax season, not after.
1031 exchangesCost segregationREPS statusDepreciation strategyOpportunity zones
02
Tax preparation
Accurate, deadline-driven filing for individuals, partnerships, LLCs, and S-corps with real estate holdings.
Partnership returnsSchedule EMulti-stateS-corp & LLCDepreciation recapture
03
Bookkeeping
Property-level P&L, trust reconciliations, month-end close, and year-end ready financials.
AppFolioQuickBooks OnlineTrust reconciliationFinancial statements
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Bookkeeping packages

Property accounting that runs like clockwork

Specialized in AppFolio and QuickBooks Online. Monthly financials ready by the 15th of each month.

Level 1 — Foundation
Foundation
  • Client trust account reconciliation
  • Security deposit reconciliation
  • State DRE trust reconciliation forms
  • Required cash reports
  • Unlimited calls and emails
Add-ons: 1099 filings & tracking, bill-entry
Get started
Level 2 — Most popular
Balance
  • Everything in Foundation
  • Month-end close entries
  • Balance sheet account subledgers
  • Monthly financial statements
  • Quarterly review meetings
Add-ons: 1099 filings, audit support, surplus cash calculations
Get started
Level 3 — Insight
Insight
  • Monthly bookkeeping for your PM company
  • Month-end close & financial statements
  • Monthly strategy meetings
  • Year-end ready financials
  • Auditor & CPA correspondence
Add-ons: cash forecasting, KPI tracking, billing & receivables
Get started
The partners

Two CPAs. One niche. Decades of experience.

Edward Markaryan
Edward Markaryan, CPA, MST
Co-Founder & Tax Partner

With over 16 years of experience in real estate and partnership taxation, Edward advises real estate investors, syndicators, operators, and partnerships on the complex tax issues that arise across the investment lifecycle. His background includes time at Armanino LLP, one of the nation's largest accounting firms, where he developed deep technical expertise in partnership taxation and real estate transactions before co-founding EJ CPAs.

He focuses on partnership tax structuring, 1031 exchanges, depreciation strategy, and the tax considerations unique to multifamily and other real estate investments, helping clients align tax outcomes with their broader investment and wealth-building objectives.

What sets Edward apart is that he isn't just advising from the sidelines — he's also an active real estate investor himself. Through 7Edge Capital, the investment firm he co-founded, Edward has hands-on experience sourcing, structuring, and managing real estate deals, giving him a practitioner's understanding of the issues his clients face from both sides of the table. Clients value his ability to translate technical partnership tax law into clear, practical guidance — and his genuine investment in their success, not just their compliance.

Education
California State University, Northridge — Bachelor's Degree in Accounting
M.S. in Taxation, California State University, Northridge
📅 Book a call with Edward
Jin Kim, CPA, MST
Jin Kim, CPA, MST
Co-Founder & Tax Partner
With over 16 years of experience in real estate and partnership taxation, Jin advises real estate sponsors, operators, developers, and principals on complex tax matters throughout the investment lifecycle. His background includes time at large regional and national public accounting firms, where he developed deep technical expertise in partnership taxation and real estate transactions.

 

He focuses on structuring acquisitions and dispositions, designing and implementing sophisticated partnership allocation and waterfall structures, and addressing the tax considerations unique to multifamily and other real estate investments. His experience spans 1031 exchanges, depreciation strategies, and multi-state compliance, with a focus on aligning tax outcomes with the economic objectives of sponsors and their investor groups.

Jin is known for his ability to navigate highly technical areas of partnership tax law with clarity and precision. He works closely with sponsors and fund managers to proactively identify issues, structure transactions efficiently, and maintain compliance across evolving investments and jurisdictions. Clients also appreciate his genuine passion for the real estate industry, as well as his responsiveness and commitment to delivering timely, practical guidance.

Education
Cal Poly, San Luis Obispo — B.S. in Business Administration, Accounting Concentration
M.S. in Taxation, Golden Gate University
📅 Book a call with Jin
Blog & Resources

Articles & Insights

We are working on practical articles and guidance on real estate tax strategy for investors, syndicators, and developers.
Check back soon.

"Your portfolio is growing. Your tax strategy should be too."
Book a free 30-minute call — we'll show you exactly where you're leaving money behind.
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