21.02.24 05:42 PM - Comment(s)
Globally most businesses are struggling with their accounting work due to a lack of knowledge about this niche and difficult access to expert resources. Accounts Payable is one of the biggest aspects that many businesses struggle with. And manual AP systems can kill the business cash flow and make y...
If you are considering using Yardi as a property management software, you must know the different varieties of this software. There are three different versions available in the Yardi marketplace. Each variety has different features, customizations and usability that work for each business. Which ve...
Cash basis accounting and accrual accounting are two sides of the same coin. There are some major differences, but they are similar in concept because the end goal is to do the back office accounting of a business. Suppose you handle your accounting work in-house or want to get outsourced accounting...
Adding new property can both be exciting and exhausting. The thrill of acquisition fades fasts enough. All that remains after the 'rush' is a series of tasks like data onboarding and payment processor setup. Working like this can be taxing on you and your team.
Internet of Things is also known as a 'Web of Things'. What this system essentially does is that it compiles various individual smart gadgets like sensors and home systems on one framework. Essentially, this means that things like your refrigerator or thermostat are connected via the in...
Did you know that 220000 property managers currently work for property management companies, and around 45.1% feel the efficiency should be increased for better outcomes? Well, one way to improve is with the help of real estate management.
Getting regular rent from your tenants is all fine until they give their notice. Sure, new tenants come in, but the actual task is making the unit look fresh and well-maintained when they arrive! It's the hardest thing when you have to paint, clean, and repair the property to make it look new. ...
Common Area Maintenance (CAM) reconciliation sounds simple. Just add up all common area expenses and divide them among all the tenants. But in reality, it is a complex and time-consuming process. You might miss certain expenses or end up overcharging your tenants. Regardless, any error in CAM reconc...
Bookkeeping can be a tedious task in the real estate industry because of the large number of transactions. A majority of Americans live in rental accommodation, with 41% of them renting single-family homes.
As a property manager, accounting for the client’s property will be you...
Real estate technology advances at its fastest since the COVID pandemic began. Rapid adoption has been the main goal for most companies. Today, we'll go through what investment management software can do for property managers.
If you’re interested in leveraging all these benefits, we...
The coronavirus pandemic is a game changer, and its repercussions on many industries will probably last for years after it’s gone. Some of the ways companies have adapted might even become the new standard.
Yet, it still feels like an understatement.
Back office accounting is o...
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