How to Choose a Table Tennis Paddle

A resident of Edgewater, New Jersey, Igor Zernitsky worked for Ernst & Young in New York City for more than ten years before joining the PRC Group in 2015. Away from work, Igor Zernitsky is a serious competitive table tennis player who understands the importance of choosing the right paddle for the right player.

While someone playing a friendly game of table tennis with friends in their basement is not likely to notice what type of paddle they’re using, when a player’s skill level advances, there are many paddles to consider. Table tennis paddles are rated in various categories of performance, and a player should choose the right one for their style of play.

There are a number of areas a player needs to consider when choosing a paddle. The grip that they will use is a big factor, along with their playing style, as attacking styles will require different characteristics compared to defending styles. Once a player is sure of how they play and their favorite grip, it is time to choose materials.

The blade of the paddle, the part that comes in contact with the ball, needs to be lighter or heavier depending on the style of play. A heavier, softer blade is better for defensive-minded players to reduce ball speed. On the other hand, lighter blades made of carbon-fiber are great for attackers to increase ball speed. The rubber on the outside of the blade helps produce spin, and the softer and tackier the rubber, the more spin it will produce. Between the rubber and the blade is the sponge, and normally the thicker the sponge, the better it is for attacking.

 

The JOOLA NA Teams Championship

Finance and accounting professional Igor Zernitsky serves Property Resources Corporation as CFO. An avid table tennis player and a member of USA Table Tennis (USATT), Igor Zernitsky competes in table tennis tournaments such as the JOOLA North American (NA) Teams 2019.

The annual JOOLA NA Teams Championship is a four-star competition sanctioned by the USATT. The three-day affair takes place over the Thanksgiving weekend. The tournament provides table tennis players from all over the US and the rest of the world with opportunities to test their skills as they compete.

The first day of the tournament, Friday, gives players the chance to play against higher and lower ranked teams based on their original seeding. Most teams play as many as 4 matches on this day. Based on the outcome of the Day 1 games, the teams are placed in a division, with each division divided into two round robin groups composed of 8 teams per group. The teams will remain in their divisions for the remainder of the tournament.

On Days 2 and 3, the teams will compete with other teams in the division. Most teams play 5 games on Saturday and 2 on Sunday. The teams that finish in the top two places of their groups in the division will compete in the semi-final round. The winning teams advance to the finals.

At the end of the tournament, most players will have competed in 25 matches or more, with each player facing competitors of many styles and techniques. The key to succeed in this tournament is endurance.

The 2020 edition of the JOOLA NA Teams Championship is tentatively slated for November 27-29, 2020, at the Gaylord National Resort in Washington, D.C.

Why Multifamily Properties Make Great Investments

Financial professional Igor Zernitsky boasts close to two decades of experience in the finance and real estate industry. A former senior manager at Ernst and Young in New York, Igor Zernitsky currently serves as Chief Financial Officer of Property Resources Corporation (PRC). This real estate company focuses on multifamily properties, which are residential properties with two or more units. There are reasons why these assets, also known as apartment complexes, can be great investments.

For example, the returns derived from this type of property are the highest in the real estate sector, with research showing their annual returns at 9.75 percent. The risk associated with a multifamily property is relatively low, as some apartments are almost always being rented and generating some income.

The demand for rentals also remains strong. More people, especially millennials, are choosing to rent apartments rather than buy houses. And by increasing or decreasing the rental fees, it’s easier to respond to changing economic conditions. This flexibility is due to the one-year leases common with these properties compared to the five-year contracts on offices, retail, and other commercial properties.

Another advantage of investing in multifamily properties is the ease of obtaining financing compared to other real estate investments. Financial institutions know they can get their money back through the multiple rental incomes from these properties, making them more lucrative than single-occupant properties. Multifamily investing is also much less volatile than other commercial real estate types.

SOX Law Explained

An experienced New York financial and audit professional, Igor Zernitsky is the chief financial officer at Property Resources Corporation (PRC), a top New York real estate firm that specializes in the acquisition, development, and management of multifamily properties. Before joining PRC, Igor Zernitsky worked with Ernst & Young as a senior manager where he was in charge of all auditing processes including SOX testing.

SOX testing is the process that helps companies to formulate a system of assessing internal checks and balances to boost financial reporting transparency. The Sarbanes-Oxley Act of 2002 mandated SOX which is a U.S. federal law intended to boost the accuracy and reliability of disclosures to ensure investors aren’t exposed to fraudulent accounting practices.

The SOX bill came into effect after fraud and accounting scandals which affected Tyco International, Enron Corporation, and WorldCom. SOX applies to all U.S. publicly traded companies including wholly-owned subsidiaries as well as publicly-traded foreign companies that conduct business activities within the U.S. territory.

SOX avails a framework that helps companies to be accountable in their financial records which makes it easier to access capital markets as a result of improved financial reporting practices. SOX has a strong focus on data security and integrity which means SOX compliant companies are safeguarded from cyberattacks and other data breaches which can be costly to fix and negatively impact a company’s brand image. SOX compliance improves both internal teams as well as cross-functional communication especially for teams involved in auditing procedures.

A major SOX requirement is that CEOs and CFOs should take responsibility for all financial reports concerning the accuracy, documentation as well as submission of reports. Private companies, non-profits, and charities are not mandated to comply with the entire provisions of SOX. However, private entities are forbidden from engaging in malpractices that falsify and willingly destroy data. Private firms preparing for an Initial Public Offering must comply with SOX provisions before going public.