810 Quincy Street | Rapid City, SD 57701
(605) 342-5630
(605) 342-2172

Real Estate

Working as a realtor or homebuilder in the Black Hills area means constantly opening the door to someone’s new home…and opening up your own doors on exciting rewards and new opportunities. When it comes to the accounting issues that realtors and homebuilders face, Ketel Thorstenson, LLP (KTLLP) is the key.

The real estate world involves many different qualities and considerations unique to the industry, such as the recording of asset impairments and issues related to cost or market value. Real estate transactions themselves involve a number of different accounting and auditing standards and issues that KTLLP can help you pilot.

Our Real Estate group can help you with:

  • Accounting for Real Estate Acquisition & Development
  • Impairment of Real Estate Assets
  • Rental Operations
  • Real Estate Sales & Profit Recognition
  • Real Estate Fair Value Accounting
  • Audit Strategies & Techniques For Real Estate Activities
  • 1031 Like Kind Exchanges
  • Tax Accounting for Developers & Homebuilders

In this region, the housing market is hot, and homes are often listed and sold in a single 24-hour period. Our Real Estate team stays on top of the industry’s accounting and auditing concerns, so that our clients can stay on top of a fast-paced market and provide a better service to their own clients.

Contact a member of our Real Estate group:

Brent Siekman
MST, CPA, CGMA, Partner
(605) 716-8989
Joel DeVries
CPA, Partner
(605) 716-8999
Paul Thorstenson
CPA, ABV, CVA, Partner
(605) 716-8994
Steve Schacht
CPA, Partner
(605) 716-8990
Perry Kudrna
EA, Manager
(605) 716-8693