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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