By Moshe Becker, CPA, Madison Commercial Real Estate Services

The other day I was sitting with a long time friend who owns a number of investment properties worth ten’s of millions of dollars. As Cost Segregation is the professional world in which I live, right away my antennas went up and I asked how he is treating the fit out for accounting purposes. His response was that he is not actually performing the fit out, but rather is giving the tenant a rent abatement. I asked him the question as to whether he considered the ramifications of the trade off for the loss in rent versus the revenue that he should have received. I didn’t need a response. His facial expression said it all! Continue reading →