While the housing crash has grabbed headlines for almost two years, commercial real estate has been holding up well.
Can that continue? Not indefinitely, according to Dallas-based appraiser Jack P. Friedman, CPA, ABV, CFF.
What can CPAs do?
CPAs may be better able to assist their clients by learning more about rental real estate. CPAs can provide pro formas with “what if” scenarios to assist owners to decide on offering rent reductions, lease renewal terms and refinancing assistance. CPAs can also apply their skills to understanding real estate finance, appraisal, investment, rental market competition and property marketing issues.
You can help their clients avert the loss of property through forward-looking financial methodologies, instead of focusing on historical performance.
From the latest CPA Insider newsletter, read the full article.
