Richmond property owners: accelerate your depreciation and unlock immediate tax savings with expert cost segregation studies. Our engineering-based approach identifies assets eligible for 5-, 7-, and 15-year depreciation schedules instead of the standard 27.5 or 39 years, turning 20–40% of your property costs into front-loaded deductions. Whether you own multifamily buildings, commercial real estate, or rental properties across the Richmond metro area, our veteran-owned team delivers IRS-compliant studies in 2–4 weeks with ironclad audit defense.
Comprehensive engineering-based tax strategies to accelerate depreciation and maximize your Richmond property's cash flow.
Comprehensive property analysis that reclassifies assets into accelerated depreciation categories (5, 7, 15 years), delivering detailed engineering reports, depreciation schedules, and audit defense for immediate tax savings.
Retroactive studies for properties placed in service up to 15 years ago. Claim all missed depreciation in one year using IRS Form 3115 without amending prior returns.
Convenient video-call property tours eliminate travel costs and schedule disruptions. Our engineers conduct real-time component analysis, reducing turnaround to 2–3 weeks while maintaining full accuracy.
Expedited delivery in as little as one week for urgent tax deadlines. Priority scheduling ensures you meet critical filing dates without sacrificing engineering rigor or compliance.
Post-study support included at no charge. We work directly with your accountant to integrate depreciation schedules, prepare Form 3115, and ensure seamless tax return implementation.
Lifelong audit protection included with every study. Our team handles all IRS inquiries, provides supporting documentation, and defends your report at no additional cost for as long as you own the property.
Richmond's mix of historic renovations, growing commercial corridors, and expanding multifamily developments creates unique depreciation opportunities. Our engineering team analyzes every property component—from HVAC systems and electrical upgrades to flooring and site improvements—to identify assets eligible for accelerated depreciation. This front-loads your deductions, reducing current-year tax liability and freeing capital for acquisitions, renovations, or operational needs. With studies completed in 2–4 weeks and ironclad audit defense, we deliver the competitive edge Richmond investors need to scale efficiently.
Join 10,200+ property owners who've unlocked an average of $171,243 in first-year tax savings with our engineering-based studies.
"We contacted Seneca for a Cost Seg Study and they went above and beyond. Their eagerness to help and province of info will blow you away."
"I couldn't be more pleased with the results. Their team was incredibly professional, prompt, and easy to work with. I achieved a highly favorable tax situation and recommend Seneca to anyone looking to maximize their tax benefits."
"Dylan and his team at Seneca Cost Segregation are extremely knowledgeable. When I explored their website, it was clear they knew their stuff. It offered a very professional approach to cost segregation, backed by years of experience."
"We contacted Dylan for a cost seg study and he went above and beyond Not only will their pricing be the best price you will find, his eagerness to help and province info will blow you away"
"The tax savings achieved with Seneca Cost Segregation made a major impact on my bottom line. I wasn't aware it was a possibility until they brought the opportunity to me. Their insight and expertise are invaluable."
"Their team was incredibly professional, prompt, and easy to work with."
"Seamless experience with great results. Highly recommend!"
"I've referred multiple clients to Seneca, and each time they uncovered significant tax savings. Their team is fast, professional, and easy to work with. They've become a trusted extension of our tax strategy."
"Extremely professional and efficient in their cost set analysis. Great communication and transparency. Will be using them going forward on all my properties."
"We contacted Seneca for a Cost Seg Study and they went above and beyond. Their eagerness to help and province of info will blow you away."
"I couldn't be more pleased with the results. Their team was incredibly professional, prompt, and easy to work with. I achieved a highly favorable tax situation and recommend Seneca to anyone looking to maximize their tax benefits."
"Dylan and his team at Seneca Cost Segregation are extremely knowledgeable. When I explored their website, it was clear they knew their stuff. It offered a very professional approach to cost segregation, backed by years of experience."
"We contacted Dylan for a cost seg study and he went above and beyond Not only will their pricing be the best price you will find, his eagerness to help and province info will blow you away"
"The tax savings achieved with Seneca Cost Segregation made a major impact on my bottom line. I wasn't aware it was a possibility until they brought the opportunity to me. Their insight and expertise are invaluable."
"Their team was incredibly professional, prompt, and easy to work with."
"Seamless experience with great results. Highly recommend!"
"I've referred multiple clients to Seneca, and each time they uncovered significant tax savings. Their team is fast, professional, and easy to work with. They've become a trusted extension of our tax strategy."
"Extremely professional and efficient in their cost set analysis. Great communication and transparency. Will be using them going forward on all my properties."
"We contacted Seneca for a Cost Seg Study and they went above and beyond. Their eagerness to help and province of info will blow you away."
"I couldn't be more pleased with the results. Their team was incredibly professional, prompt, and easy to work with. I achieved a highly favorable tax situation and recommend Seneca to anyone looking to maximize their tax benefits."
"Dylan and his team at Seneca Cost Segregation are extremely knowledgeable. When I explored their website, it was clear they knew their stuff. It offered a very professional approach to cost segregation, backed by years of experience."
"We contacted Dylan for a cost seg study and he went above and beyond Not only will their pricing be the best price you will find, his eagerness to help and province info will blow you away"
"The tax savings achieved with Seneca Cost Segregation made a major impact on my bottom line. I wasn't aware it was a possibility until they brought the opportunity to me. Their insight and expertise are invaluable."
"Their team was incredibly professional, prompt, and easy to work with."
"Seamless experience with great results. Highly recommend!"
"I've referred multiple clients to Seneca, and each time they uncovered significant tax savings. Their team is fast, professional, and easy to work with. They've become a trusted extension of our tax strategy."
"Extremely professional and efficient in their cost set analysis. Great communication and transparency. Will be using them going forward on all my properties."
Over 10,200+ engineered cost segregation studies completed across the United States. Average first-year tax deduction: $171,243
Studies Completed
Avg Tax Savings
Partners
"I've referred multiple clients to Seneca, and each time they uncovered significant tax savings. Their team is fast, professional, and easy to work with. They've become a trusted extension of our tax strategy."
Eliot Varnum CPA, Varnum, Finch & Co. "Every client we send their way whether it's their first cost segregation study or their seventh is treated like their most important client. Their team's attention to detail, responsiveness, and genuine commitment to adding value set them apart."
Matt Bontrager CEO, Truebooks CPA Veteran-owned expertise, proprietary technology, and a 95% client referral rate.
We understand Richmond's property landscape—from Fan District renovations to commercial corridors along Broad Street—and tailor studies to local building characteristics and investment patterns.
Our proprietary engineering technology and streamlined process deliver IRS-compliant studies in half the industry standard time, so you can implement savings immediately.
Every study includes lifetime audit protection at no extra cost. If the IRS questions your study, we defend it fully—and refund your fee if material issues arise.
Founded by Marine veteran Paul Spies and multifamily investor Dylan Scandalios, we bring real-world property experience and military discipline to every engagement.
Veteran investors and certified cost segregation professionals with 12+ years of experience.
Co-Founder and CEO
Dylan Scandalios is an active investor in multi-family properties in the Pacific Northwest and a recognized Cost Segregation Expert. Before founding Seneca Cost Segregation, Dylan closed millions of dollars in business for both public and private companies along the West Coast, developing deep expertise in real estate finance and tax strategy. As CEO, Dylan has helped thousands of real estate investors including office building owners save millions on their federal taxes through engineering-based cost segregation studies. His hands-on investment background means he approaches every client engagement with the perspective of an investor, not just a service provider. Under his leadership, Seneca has completed over 10,200 studies nationwide and achieved a 95% client referral rate.
Co-Founder
Paul Spies is a Marine Corps Sergeant who brings over 8 years of hands-on expertise in real estate construction to Seneca Cost Segregation. As a Principal Broker and Licensed Contractor, Paul successfully flipped over 150 homes in just four years and led ground-up multi-family development projects across the country. Having leveraged cost segregation personally since 2018 to maximize returns on his own office and residential properties, Paul co-founded Seneca to make the same powerful tax strategy accessible to investors nationwide at an affordable price point and delivered on time. His construction background gives Seneca a unique engineering advantage when analyzing complex office building components and systems.
Chairman
Howard Hirsch serves as Chairman of Seneca Cost Segregation, providing executive leadership and strategic oversight to the firm's continued national expansion. With deep experience in financial services and real estate advisory, Howard helps guide Seneca's direction as it scales its engineering-based cost segregation services to property owners across all 50 states, including California's dynamic real estate market. His leadership ensures the company maintains its commitment to technical excellence, client satisfaction, and IRS-compliant study delivery that protects clients through every phase of property ownership.
President/Treasurer
Harry Papp serves as President and Treasurer of Seneca Cost Segregation, overseeing the company's operational and financial integrity. His dual role ensures that client investments in cost segregation studies generate maximum ROI through rigorous financial management and disciplined operational processes. Harry's leadership directly supports Seneca's ability to deliver studies on time and within budget a standard that has helped the firm achieve a 95% client referral rate and an average first-year deduction of $171,243 for property owners across California and the rest of the nation.
A cost segregation study is an IRS-approved engineering analysis that identifies building components eligible for accelerated depreciation. Instead of depreciating your entire Richmond property over 27.5 or 39 years, we reclassify assets like HVAC systems, electrical work, flooring, and site improvements into 5-, 7-, or 15-year categories. This front-loads your tax deductions, reducing current-year tax liability by 20–40% and freeing capital for reinvestment. The study is completed by licensed engineers who document every component with photos, diagrams, and cost allocations, ensuring full IRS compliance.
Get a free estimate and discover how much you can save with a cost segregation study tailored to your property.
Nationwide cost segregation services with local expertise in Virginia's capital region and all 50 states.
All 50 States
Service Coverage
10,200+ Properties
Studies Completed
95% Satisfied
Client Referral Rate
We serve all property types across Richmond and Virginia. Contact us to discuss your specific location and tax-saving opportunities.
American Society of Cost Segregation Professionals member
In-house engineering team with PE credentials
Exceptional satisfaction from investors nationwide
Tell us about your property and we'll provide a no-obligation savings analysis and transparent cost estimate within 24 hours.
For immediate assistance, feel free to give us a direct call at +1 530-797-6539. You can also send us a quick email at info@senecacostseg.com.
For immediate assistance, feel free to give us a direct call at +1 530-797-6539. You can also send us a quick email at info@senecacostseg.com.