Category Archives: Construction

Jamestown Estate Homes

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Jamestown Estate Homes

In 2010, a family dream materialized with the founding of Jamestown Estate Homes, taking its name from the first lot purchased on Jamestown Road in Piney Point. At the helm are three dynamic sisters: Elizabeth, Katy, and Victoria, backed by the guiding experience of their father, Greg Hawes, a venerable figure in the Houston home-building landscape.

For nearly two decades prior, Greg had presided over one of the city's largest semi-custom builders. Yet, Jamestown Estate Homes represented a new era, emphasizing a more intimate, full custom, luxury home-building approach. Not only is this venture a successful business, but it is also a gathering of family and close associates, forging a team where work feels less like a duty and more like a shared passion.

True to their values, Jamestown Estate Homes nurtures the concept of a family business, working with people they genuinely enjoy — including partners like MGA.

Amidst the ever-evolving tax laws and the challenges brought on by Covid, the company sought a new CPA to guide them through the financial intricacies of their thriving business. Enter MGA, a perfect match that understood their needs and vision. After interviewing several firms, Katy Hawes, Comptroller at Jamestown Estate Homes, felt an immediate connection with MGA Partners Adam Barr and David Long, who resonated with their goals and aspirations.

The company works with MGA on a variety of tax and assurance needs, most recently a balance sheet audit and a compilation of financial statements for their lender. Katy tells us that the audit proved to be a smooth and collaborative endeavor. The MGA assurance team went above and beyond, visiting their various spread-out building sites without a hint of complaint.

MGA understands issues specific to the home building industry, and can therefore offer a tailored approach to Jamestown Estate Homes’ needs.

Throughout their engagement with MGA, the team felt heard and understood, thanks to MGA's tailored approach and industry-specific questions that delved into the nuances of home building. Katy tells us how refreshing it is to have someone who understands what they do, displaying a true understanding of the custom and spec sales intricacies that Jamestown Estate Homes specializes in.

For Jamestown Estate Homes, working with MGA has been a delightful experience, with open lines of communication and a genuine understanding of their business. MGA's support has enabled them to focus on their true passion — building homes and relationships that stand the test of time.

Choose the Right Business Advisor So You Can Focus on What You Do Best

The journey of Jamestown Estate Homes exemplifies the power of family, passion, and finding the right partners. With MGA by their side, they continue to build not only dream homes but also lasting connections with clients who entrust them with their visions and aspirations. Together, they create spaces that families can call home, where comfort and happiness find their true expression.

At MGA, we know that a building is so much more than bricks and mortar. Read about how we work with clients in the construction business spanning the entire industry. Or, you might be interested in reading more about how we work with like-minded entrepreneurs across a variety of industries.

Regardless of what type of business you are creating, we can work with you to take your complex problems and find simpler solutions.

Click here to read more about our great clients and how we make the complex simple for them.

If we can be of help to you, let’s talk!

The Frankel Building Group

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The Frankel Building Group

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As Jim Frankel tells the story: “When my sons came into the company they wanted to change the accounting firm. I was skeptical. I made the change because my sons knew Brian. Then I realized that Brian thinks just like us! He takes the complexity out of our financial matters and makes our entire back-office processes simple, easy, and accurate. Their F.A.S.T. program fits our needs perfectly.”

Frankel Building Group “thinks forward.”

They take the complexity of building a custom home and help their clients build better homes. As they might tell you: “Buyers feel confident relying on the Frankel team, and they appreciate our friendliness as well as professionalism and expertise. FBG has a fabulous group of people dedicated to making the home-building process enjoyable and stress-free.”

Sounds a lot like MGA!

F.A.S.T takes on the back-office responsibilities of Frankel, and other clients, allowing them to focus on growing and running the business, not the books.

What MGA designed for Frankel was how to use our F.A.S.T outsourced accounting services to let them focus on their business while our expert team could focus on helping them run their business. Our F.A.S.T team can provide a wide range of back-office financial management support, and as Frankel grew, our partnership did as well.

Some of the ways we designed our approach, which is highly tailored to specific client needs includes:

  • Provided an annual P & L forecast
  • Took 3rd party construction payables in house, created a vendor portal, and provided quality assurance to avoid duplicate payments to vendors.
  • Provided a 6-week rolling cash forecast
  • Paid and tracked tax payments for the partners to ensure all tax payments were made timely.
  • Serve as the liaison between the client and tax team so that the client no longer received a large list of items needed for their tax returns annually — all items are obtained, scanned, and tracked so the client has less to do during tax time
  • And more!

To learn more about The Frankel Building Group, click here.

In the video below, Scott Frankel, Co-president and Principal of Frankel Building Group, shares a little more about his company's experience with MGA and why we are the right solution for them.