News

Fight Suspicion with Transparency

I have been working with two groups that have mentioned to me they both have similar challenges.  One is family members who own real estate and the other is neighbors of a condo community.  In both cases a family member felt his brother did not trust him and the condo neighbor felt his neighbor mistrusted him or felt tension trying to collect late common charges. To combat suspicion and...

Read More

Community Association Accounting

Here is an article written by Russell Munz for the Community Associations Institute – Connecticut Chapter in September 2008. “You may be ready to consider a different solution to handle your community’s financial work either because your treasurer is moving or you want to improve your process or maybe you have full management but are considering self-management to save money but want some...

Read More

Commercial Real Estate Accounting

Here is an article written by Russell Munz for the New England Real Estate Journal in October 2008. “Outsourcing is taking a business function and having a sub contractor do it better and for less money. We all outsource, for example most of us outsource payroll processing. If your real estate operation could save 20% annually and reduce time spent managing an activity, you should investigate...

Read More

9 Questions to Improve Rent Collection

Here is an article written by Russell Munz for the New England Real Estate Journal in February 2009. “First you have to determine if your tenant has a viable business that will survive and if so do you need to provide immediate concessions such as deferring rent. But, for the majority of tenants they may just require additional communication to help reduce your delinquencies.” The full...

Read More