One common 'niche' or specialized practice for Accountants, Bookkeepers, Consultants and ProAdvisors is 'Real Estate.' Like surgeons, who then have a sub-specialization of say 'Orthopedic' surgery, or 'Thoracic' surgery, an Accountant with a Real Estate niche may choose to sub-specialize in either 'Commercial' or 'Residential' real estate. The key is to always know the differences because they are not handled in the same method as we will see in this month's "Know Your Niche: Real Estate Accounting" feature.
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