Special Report: Marketplace Fairness Act (Senate Approves Internate Sales TAx: Measure Headed to House)
The U.S. Senate has overwhelmingly, and with strong bipartisan support, passed the Marketplace Fairness Act of 2013. The bill would allow a state to require certain remote sellers to collect sales and use tax on sales made to customers in the state.
Fundamental Accounting Vocabulary for Property Managers by Andrew Martin
While there are many components to running a condo or co-op, finances and accounting are fundamental to a buildng's operations. That is why it is important for property managers and board members to have a solid understanding of basic accounting vocabulary.
A Look at a Building's Financial Records by Andrew Martin
In order to fully understand how a building is doing, it's important that the property manager and board members fully understand the building's financial documents so they can make smart financial, investment and management decisions.
Internal Controls for Condominiums and Co-ops by Andrew Martin
Condos and co-ops frequently have significant operating budgets. As a result of this, it is highly recommended that every condo and co-op have adequate internal control measures in place in order to protect themselves.
The Lowdown on Form 1099-Miscellaneous Income by Andrew Martin
For property managers, January can be an intense time of year. This is the time when they are required to prepare and send out year-end statements to the buildings they support throughout the calendar year. In addition, this marks the time of year that the Internal Revenue Service (IRS) requires the issuance of Form 1099 – Miscellaneous Income (or as it is more commonly referred to Form 1099). What does this mean for property managers?
The Scoop on Cost Segregation Studies by Andrew Martin
For managers of rental properties looking to add value for the property owner, a cost segregation study might be a smart recommendation. This article looks at what a cost segregation study is, as well as the benefits and drawbacks of one.
Best Practices for Effective Meetings by Andrew Martin
With meetings playing a major role in a property manager's job and serving as a critical facet to communication, it is important to be able to run a meeting that is successful and meets its goals.
Record Retention: How Long Should Records Be Kept? by Andrew Martin
Property managers - are you unsure how long you should hold onto records and receipts? Find out how long to retain your records in this article that originally appared in the September 2012 issue of Mann Report Management.
Preventive Maintenance Programs Pay Off by Andrew Martin
"An ounce of prevention is worth a pound of care." In the current economy, it's tempting to postpone building and equipment maintenance to save money. However, this strategy can backfire in the long run, leading to major repiars and costly replacements down the road that could have been avoided with some basic maintenance.
Energy Efficiency: A Practical Approach for Property Managers by Andrew Martin
For property managers, energy consumption is high on the list of priorities, with many of them recognizing the importance - and expense - of implementing energy efficient systems. This article provides practical applications that property managers can institute in their buildings.
Satisfied, Loyal Employees = Successful Companies by Andrew Martin
Often, the key to a business' growth depends on the company's people. Since it is unquestioned that employees retention is important, business owners and managers must consider what incentives will build a nurturing culture and help drive superior employee performance.
People, Firms and Promotions
Coverage of the recent promotion of Joseph Ferrone to Partner in Charge of the firm's Apparel and Textile Services Group.
Fashion MannuScript - Cover Story
An introduction to The Resnick Druckman Group and their committment to the Apparel and Textile Industry as appeared on the cover of a recent issue of Fashion MannuScript.
Meet My Accountant!
Testimonial provided by satisfied client.
Eastwood Beats Rent Hike
Article about issues facing the Eastwood Building Committee (EBC) and solutions provided by The Resnick Druckman Group.
Article - Expert Estate Taxes
Article citing Jeffrey Resnick on estate tax planning.
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