If there were any pessimists in the real estate markets, they are being proven wrong. As the prices continued to mount on in the recent years, these pessimists forecasted an explosion and tumbling of the industry. They were about to recount the big margin losses of the sector in 1980s and 1990s. But as the real estate capitalization rates remaining high, we come to a conclusion that it is just a mythical bubble and not realistic!
As the sector is becoming competitive the accounting practices involved with the real estate is also gaining importance. The main points on which the real estate accounting firms must concentrate can be listed as follows.
Consultancy with a cutting edge - Property management and operations, financial analysis, market risk assessment, financing and structuring, and information technology plays a very important role in the functioning of an organization. These things can provide a big cutting edge to your company, if managed properly.
