/Rick Parent

About Rick Parent

Rick Parent, CPA is the Managing Director of Gumbiner Savett as well as one of the firm's Audit and Accounting Shareholders. Rick specializes in Real Estate and has worked with capital asset classes from single-family homes to large commercial properties. Among his many duties, Rick leads audits and provides due diligence and special reports for clients in real estate, technology, manufacturing and distribution, entertainment, and hospitality.

5 Steps to Audit Ready Records For Property Managers

By |2017-05-24T13:42:24+00:00May 26th, 2014|Articles, Real Estate|

Rick Parent, Executive Vice President at Gumbiner Savett Inc., and co-chair of our Real Estate Department published an article titled, Operating Expenses vs. Capital Costs:  Five Steps to Audit Ready Records in 2011 that still holds true today. The entire article appears in Commercial Property Executive. Minimize Controversy by Keeping Audit-Ready Records You may manage the best [...]

Preparing your business for sale…even if it’s not

By |2017-05-24T13:42:41+00:00September 24th, 2012|Articles, Audit & Accounting, Business Advice|

Most business owners I work with are not planning to sell their company in the near future, but I advise them to always operate the business as though they are. I’ve seen many instances where business owners say that they are not going to sell. “This is always going to be a family business, even [...]

Going Green Saves Cash

By |2019-06-06T23:14:56+00:00March 16th, 2011|Articles, Real Estate|

Transforming an existing structure or creating a “green” building is a movement that transforms the established practices in the design, construction and operations of built environments. The objective of “going green” is to mitigate the harmful environmental impacts of traditionally constructed and operated buildings, while creating a healthy and economically successful place for people to [...]

Slow Recovery Hurts Construction Industry

By |2019-06-06T23:11:16+00:00February 16th, 2011|Articles, Real Estate|

Throughout most of 2010, the real estate market’s slow recovery continued to negatively impact the construction industry. The available sources of bank financing are scarce and the lack of meaningful job growth and high unemployment are adding to the depressed state of the market. Construction employment increased in 71 metro areas, fell in 217 and [...]

The Carried Interest Debate: Legislation that Threatens the Real Estate Industry

By |2019-06-06T18:38:09+00:00December 31st, 2010|Articles, Real Estate|

Legislation that Threatens the Real Estate Industry On June 24, 2010, the Senate failed to pass the House-approved American Jobs and Closing Tax Loopholes Act (H.R. 4213), which was the legislation that, in part, proposed to change the way carried interest is taxed. Whether some version of the carried interest legislation will be [...]

Slow Recovery Continues for Residential Real Estate

By |2019-06-06T18:25:32+00:00December 15th, 2010|Articles, Real Estate|

The slow recovery of residential real estate Although residential real estate has been showing signs of improvement in some markets, it has been experiencing a slow recovery overall. According to the National Association of Realtors, home sale contracts signed in June 2010 were down 18.6 percent from June 2009, but up 10.4 percent [...]

The Lease of Which: On your 2010 balance sheet, will it be operating lease or capital lease?

By |2019-06-04T22:31:05+00:00December 1st, 2010|Articles, Real Estate|

Operating Lease or Capital Lease? Standardized accounting treatments have become a topic of hot debate. Fueled by the Enron debacle and the myriad of corporate bankruptcies, off balance sheet accounting methods are raising eyebrows. Currently, treatments differ between the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). As [...]

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