As a real estate professional, you must have a thorough understanding of basic accounting and budgeting principles in order to make the most informed and accurate decisions. This one-day seminar offers a comprehensive overview of essential budgeting and accounting concepts. Discussions will allow you to more effectively evaluate financial reports and budgets, and more importantly, save you money by teaching you how to avoid common pitfalls and reduce the occurrence of costly mistakes. This seminar is a must for all real estate professionals, regardless of area of practice.
8:30 a.m. - 9:00 a.m.
I. Accounting Terms And Concepts
9:00 a.m. - 9:45 a.m.
II. Fundamental Budgeting Concepts
9:45 a.m. - 10:20 a.m.
III. Overview Of Financial Reports
10:20 a.m. - 10:30 a.m.
10:30 a.m. - 11:15 a.m.
IV. Preparing Financial Reports
11:15 a.m. - 11:55 a .m.
V. Creating An Operating Plan And Budget
11:55 p.m. - 12:15 p.m.
VI. Questions And Answers
12:15 p.m. - 1:15 p.m.
Lunch (On Your Own)
1:15 p.m. - 2:00 p.m.
VII. Asset Protection Strategies 'Limited Partnerships And Divesting
Offshore' – The Ultimate Protection
2:00 p.m. - 3:05 p.m.
VIII. Landlord Pitfalls And Remedies
A. Creative Property Management
B. Hidden Perils
C. 0% And Low Interest Bridge Financing
3:05 p.m. - 3:15 p.m.
3:15 p.m. - 4:10 p.m.
IX. Tips And Traps
A. Relationship Management
1. The Fallacy Of Credit Reports
2. Horror Stories And Lessons Learned
3. Electronic Transfers Of Rental Income/National Profiles
B. Buy Low/Sell High
C. Unusual Acquisition Techniques
4:10 p.m. - 4:30 p.m.
X. Questions And Answers