Real Estate

FASB Proposed Lease Accounting Changes: Impacts on Commercial Real Estate

Introduction: The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record nearly all leases on their balance sheets as a “right-of-use” asset and a “right-of-use” asset. future lease – liability” corresponding. . What does this mean for your business in simple terms? This proposal, in essence, […]

Real Estate

Important Factors to Consider in Competitive Analysis

To complete a comprehensive competitive analysis, you need to know the competitive landscape. You must know who your competitors are. Prepare an overview of your competitors, their strengths and weaknesses. Position each competitor’s product in front of your products. Understand the needs and preferences of the customers you are competing for. When considering your competitors, […]

Real Estate

To start a business

In economics, business is the social science of managing people to organize and maintain collective productivity toward the achievement of particular creative and productive goals, usually to generate income. The etymology of “business” refers to the state of being busy, both in the context of the individual and in that of the community or society. […]

Real Estate

Avoid dealer status when changing house

Any investor who sells more than one or two properties a year will find themselves in trouble with the IRS qualifying them with “dealer status” for tax purposes. This is extremely dangerous stuff. Dealers, like real estate agents, are considered self-employed and are subject to the 15.3% self-employment tax. Worse yet, a dealer can’t pay […]