How mandatory accounting methods impact South Florida condo developers

The South Florida condo market has experienced a boom in recent years, due in large part by the influx of foreign investors, many of whom are paying cash for their condos. While cash up front is ideal and developers can use such proceeds to cover construction costs, if not properly planned and managed, developers may find themselves in an unexpected cash flow dilemma as a result of a special accounting method required under the Internal Revenue Code (the “Code”).   Read the article……….


Related Articles

Changing Managers or Firms? Don’t Overlook the Details!

Whether change is good or bad often depends on who you talk to; even a welcome change produces a certain

Do You Know What Your Community Association Volunteers Are Doing? Do They Carry Guns? Maybe You Need To Better Supervise

After the Trayvon Martin shooting in Florida last year, I posted a blog article highlighting the need for community associations

Community associations failures to deal with bad neighbors could have a negative impact on property values

Every condo or homeowners association has one, that one owner that does not follow the rules, violates the CC&Rs, creates