Real Estate and Construction
Whether the business owner is involved with commercial and residential real estate property management, or is a general or specialty/trade contractor , the Real Estate and Construction team at The Resnick Druckman Group is well prepared to assist their needs. We work with our clients, whether they are real estate professionals, property managers, or contractors, discussing “best practices” in the industry as they grapple with numerous challenges – especially in this economy, such as:
- Managing cash flow during a tough economy
- Bonding requirements
- Financing alternatives
- Budgeting
- Project management
- Acquisitions and dispositions, either through traditional methods or via a Section 1031 transaction
- Alternative property uses, such as condo conversions or commercial-to-residential conversion
- Capital improvements and renovations
- Lease negotiations either in the form of tenant build-outs or concessions
- Tax strategies including energy efficient tax credits; Research & Development (R&D) tax credits; Cost Segregation studies
- Like-kind exchanges
- New government regulations
Because we serve a large concentration of clients in this area we are particularly sensitive to what it means for our clients as they face all these challenges as well as job controls and overruns, lack of a skilled labor force, the growth of REITs, tenants’ security, high insurance costs, and safety issues. The Real Estate and Construction Team at The Resnick Druckman Group works with clients on overcoming these and many issues, providing strategic guidance, budgeting advice, cash flow analysis, tax strategies – especially cost segregation studies and R&D credits that can have a significant positive impact on cash flow, and software selection to help them operate at peak efficiency and profitability
*The Resnick Druckman Group LLC and Resnick Druckman & Hill LLP have an alternative practice structure. Though separate and independent legal entities, the two firms work together to serve clients' business needs. The Resnick Druckman Group LLC is not a licensed CPA firm.
