Tag: real estate

For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs and various other factors — not the least of which is bad weather! Yet effective financial management is essential for a company to thrive. Here are some ways an owner can better manage their money. Follow Strong Billing Procedures Healthy cash flow — one of the most important aspects of financial management… Read more ›

Real estate development projects shape the urban landscape, providing housing, commercial spaces and infrastructure for the community. These projects involve substantial investments and require intricate financial arrangements and regulatory compliance to complete. Stakeholders rely on detailed financial reporting to assess the health and performance of their projects. Given the high stakes and ever changing flow of business in the real estate industry, financial reporting is a necessity. But what does financial reporting look like for a real estate venture? Project… Read more ›

Going through a divorce can be a very stressful and life-changing time. There are many aspects individuals must consider when a rental property is involved in a divorce. We are here to guide you through some of those considerations. The initial questions that must be answered include: If the Property is Currently Rented One option for the parties to consider if the property has positive cash flow (income) is to continue maintaining the property as rental property until the tenant’s… Read more ›

Have you always wanted to buy rental property and become a landlord? As you can imagine, putting up with some tenants can be a pain in the neck. But the discomfort can be eased by the valuable tax breaks available to rental property owners. In fact, favorable tax laws are one big reason why so many fortunes have been made in real estate. Another big reason is that leveraging real estate investments with mortgages can multiply profits. But for purposes… Read more ›

  Over the last year, consumer prices rose 7.9%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index covers the prices of food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that people buy for day-to-day living. This is the highest 12-month increase since 1982. Increases in the price of consumer goods will affect most businesses, sooner or later. For example, if you operate a restaurant, spikes… Read more ›