Real Estate Investor · Austin, TX · Member since 2017 · 99 posts · 25 votes
19h
No experience with Seneca specifically, but when the reviews are thin, vet the report quality instead of the marketing. A few things that actually matter:
1. Who performs the study — you want an engineering-based study, not a software checklist. A report that holds up follows the IRS Cost Segregation Audit Techniques Guide: component-level detail, photos, and the tax citations backing each reclassification.
2. Ask for a sample redacted report. Five minutes reading one tells you more than any sales call.
3. Who stands behind it — is audit support included, or do they hand you a PDF and disappear?
4. Site visit vs. desktop-only. For properties with quirks (ADUs, furnished, improvements made after purchase), the study that walks the property is the one that finds everything.
New isn't automatically bad. But loop your CPA in before you sign, not after — they're the ones who have to defend it on your return.