Category: Blog
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How to Set Up Segregated Accounting for Multiple Owners or Properties
When you’re managing properties for multiple owners, keeping their finances cleanly separated is not just a best practice. It’s a compliance requirement. Mixing funds, even accidentally, can lead to audit issues, legal trouble, and a loss of trust with your clients. Segregated accounting is the foundation for transparency, accountability, and clean books. In this blog,…
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How to Calculate Depreciation on a Rental Property
Key Takeaways Depreciation is a non-cash tax deduction that reduces your taxable income from residential rental property, even as the property appreciates in market value. You can depreciate the rental property and its components, but not the land it sits on. Proper categorization of assets can accelerate your depreciation deductions. Managing depreciation correctly and planning…
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Why You Need a Month-End Close Process in Property Management
Many property managers focus on daily operations but overlook the importance of monthly financial hygiene. A structured month-end close process is critical for maintaining clean books, preparing for audits, and delivering accurate reports to property owners. If your current approach to month-end feels inconsistent or reactive, it may be time to formalize your process. This…
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Understanding Accounts Payable vs Receivable in Real Estate
Key Takeaways Understand the Basics: Accounts Receivable (AR) is money owed to you, while Accounts Payable (AP) is funds you owe to others. Prioritize Liquidity: Effective management of AR and AP is the foundation of healthy liquidity, essential for stable operations and long-term growth. Use Technology and Systems: Implement a scalable system with clear policies,…
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Property Management Revenue Streams
Key Takeaways Diversifying your revenue streams beyond standard management fees is essential for a stable and scalable property management business. Value-add services like enhanced marketing, detailed financial reporting, and eviction management can increase profitability and client satisfaction. Leveraging technology for automated accounting, streamlined maintenance, and data reporting can boost efficiency and create new revenue opportunities…
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Why Leasing Still Feels Broken (and What You Can Fix Today)
Despite the growth of modern property management software, the leasing process often feels disjointed and frustrating. High lead volume with low conversion. Inconsistent follow-up. Poor visibility into what happens after a tour. If this sounds familiar, you are not alone. Leasing is one of the most important functions in property management, but it is also…