Property management accounting basics: The definitive guide
Buildium
NOVEMBER 8, 2024
Learn the basics of property management accounting, including every step of setting up a property management accounting system.
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Buildium
NOVEMBER 8, 2024
Learn the basics of property management accounting, including every step of setting up a property management accounting system.
Buildium
FEBRUARY 14, 2025
Heading into 2025, portfolio growth was at the top of property management companies list of priorities for the seventh year straight. In Buildiums most recent survey , 91% of third-party property management companies told us that they expect to grow their portfolios in the two years to come.
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Buildium
JANUARY 21, 2025
Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. Property Management Companies Rate of Revenue Growth In Buildiums most recent survey of thousands of property management professionals, 91% said they expected their companys revenue to increase over the next two years.
Buildium
MARCH 19, 2025
Heres a quick breakdown of those definitions. Operating Expenses Operating expenses are the costs of maintaining and managing your rental property. Understanding Rental Income The first step in getting a handle on tax accounting for rental property is understanding exactly what counts as rental income and expenses.
American Apartment Owners Association
FEBRUARY 10, 2025
Definition and Types of Assistance Animals Assistance animals are prescribed by healthcare professionals and are essential for individuals with disabilities. They help their handlers manage and alleviate the symptoms associated with mental and emotional disabilities.
Yardi Breeze
FEBRUARY 11, 2025
If youre trying to get better at AI tools like ChatGPT , youve probably already seen your share of explanations, descriptions, definitions and guides on the importance of artificial intelligence (AI). Where to use AI in property management The great thing about AI is that if you can use it for one application, you can use it for many.
American Apartment Owners Association
JANUARY 27, 2025
Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Property management Consider the management demands of the property and whether you have the time and energy to deal with them yourself.
Rental Housing Journal
JANUARY 27, 2025
1 The preventative methods for tenants and frozen pipes There are several things that property managers should do to prevent pipes from freezing in their rentals. About Keepe: Keepe is an on-demand maintenance solution for property managers and independent landlords.
American Apartment Owners Association
FEBRUARY 6, 2025
Because of their size, tiny homes are simple to maintain andare less expensive than larger ones in terms of taxes and building, heating, maintenance and repair costs.Renters, property owners and managers have fewer maintenance and repairs to deal with since there is less area to look after.In
Bay Property Management Group
APRIL 2, 2025
As our rental property management in Northern Virginia can tell you, phrogging is a real problem. In that case, it’s definitely important to check out the attics, basements, and even empty units. In fact, some even live in a unit while tenants are still there and manage to stay hidden. And yes, its definitely illegal.
Bay Property Management Group
MARCH 28, 2025
Landlords and property managers use them to decide who gets approved, but what exactly are they looking for? As one of the most experienced rental property management in Baltimore , we can tell you for sure that background checks are a big deal for landlords. appeared first on Bay Property Management Group. But what are they?
Bay Property Management Group
APRIL 8, 2025
As a property management company in Washington, D.C., You don’t have definitive proof of who is right. At Bay Property Management Group, we can help you arrange airtight written leases, with all the extra protection they provide. If you need help managing rental agreements and understanding local laws, were here for you.
Bay Property Management Group
DECEMBER 23, 2024
Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. Lets dive in!
Bay Property Management Group
APRIL 11, 2025
As trusted property managers in Washington, D.C. , You definitely dont want to end up on the wrong side of a leaseor the law in that matter. At Bay Property Management Group, we help take the guesswork out of renting. appeared first on Bay Property Management Group. What is a Co-Applicant? Look at our listings today!
Bay Property Management Group
FEBRUARY 18, 2025
In particular, landlords and property management in Northern Virginia tend to include the following utilities, specifically: Water Most rentals that include utilities include water in the rent. Instead, tenants usually subscribe to their preferred plans and manage their payments directly with their provider.
ADDA
NOVEMBER 29, 2024
From unauthorized access to emergency response, security management in gated communities requires a robust strategy that incorporates advanced technologies, policies, and community involvement. Additionally, well introduce tools like visitor management software that streamline access control and bolster community security.
Bay Property Management Group
APRIL 3, 2025
Of course, it’s always a best practice to consult a lawyer to get their definitive opinion. In the meantime, our expert property management team acts as a go-between for landlords and tenants alike so that all parties understand their lease from the get-go–and how to comply with it the right way. What Is a Notice to Quit?
Bay Property Management Group
JANUARY 27, 2025
Before our property management company in Washington, D.C. Now that we know what the definition of a credit score is, let’s now deal with what credit score you need to rent an apartment. This score shows the landlord that you’ve been managing your finances well enough. What Is a Credit Score?
GuestReady
OCTOBER 24, 2024
Do I have to pay Airbnb income tax? And which tax rate do I have to pay over my rental revenue? In this guide, we're explaining the rules and tax-free allowances for furnished holiday lets in the United Kingdom.
Bay Property Management Group
JANUARY 29, 2025
How to Verify If Utilities Are Included in Rent on Your Lease To verify if utilities are included in your rent, there’s one definitive place you should look: your lease. As property managers in Philadelphia , we know it’s critical for making sure you’re fully informed about which utilities are included in your rental.
Condo Control
JANUARY 28, 2025
Table of contents Inventory management waitlists Things to consider when building a waitlist Using Condo Control to manage inventory waitlists for parking and storage Benefits of maintaining a waitlist for parking and storage Other solutions While less common, some HOAs also encounter issues with paid parking inventory.
Bay Property Management Group
FEBRUARY 13, 2025
Luckily, our property managers in Philadelphia can help make sure everyone understands this fundamental component of the rental experience. So, although accidents happen, you should address them promptly to the landlord or property manager to avoid further complications. You will definitely regret it.
Real Property Management Chicago
JUNE 4, 2021
Through due diligence, managing your properties is doable while still protecting and growing that investment. At Real Property Management Chicago Group, we make sure due diligence is present in every aspect of how we function. Comprehensive property assessments are being offered by Real Property Management Chicago Group.
Haustay
MARCH 10, 2025
However, managing a short-term rental successfully requires dedication, strategy, and expertise. In this definitive guide to vacation rental management , well cover everything you need to know to run a successful rentaland how a professional management company like Haustay can take your property to the next level.
BetterWho
SEPTEMBER 21, 2024
As a property management company owner, the recent NAR lawsuit might have you questioning your next moves. This isn’t just another headline; it’s a game changer for how we manage properties and comply with new regulations. That means vacancies will be harder to fill.
Bay Property Management Group
APRIL 4, 2025
As a property management company in Philadelphia , we often refer to these as land leases because only the land is being leased, not any buildings on it. Its definitely a risk for the landlord, but theyre usually willing to take that chanceespecially if the project has the potential to really boost the value of their land.
Yardi Breeze
MARCH 26, 2025
After decades under one president, the Building Owners and Managers Association (BOMA) has changed leadership. Mary Lue : I’ve been with the Building Owners and Managers Association (BOMA) for the past three years, and during that time, Ive gained a deep understanding of our members, their businesses and the issues they face.
Mem Property Management
FEBRUARY 6, 2025
At the same time, community association boards have an important responsibility tocollect assessments, which fund essential services such as trash pickup, stormwater management, street and sidewalk maintenance and lighting, and recreational facilities.
Real Property Management California Coast
DECEMBER 20, 2024
Effective financial planning is the pillar of any successful property management business. It enables property managers to earnestly observe their incomes, expenses, and profitability and discover opportunities for future growth and stability. Managing your debt at levels will prevent your monthly expenses from overwhelming you.
Bay Property Management Group
MARCH 18, 2025
Whether youre buying your first home or working with property managers in Washington DC on a current one, you can get the best deal possible if you know exactly what goes into mortgage rates. Your Personal Financial Profile: While the economy definitely affects mortgage rates, your finances matter, too.
Real Property Management Chicago
JANUARY 23, 2025
Many property managers distinguish that they need to work straightaway when a resident calls with an emergency maintenance request. However, it is definitely during a drought when temperatures reach dangerous levels. appeared first on Real Property Management Chicago Group.
Real Property Management California Coast
JANUARY 10, 2025
Data analytics has become a powerful tool for rental property managers and owners committed to make informed decisions in today’s evolving rental market. With the use of data analytics, managers and homeowners can discover beneficial insights from rental prices and tenant behavior to maintenance efficiency and marketing effectiveness.
American Apartment Owners Association
FEBRUARY 10, 2025
Definition and Types of Assistance Animals Assistance animals are prescribed by healthcare professionals and are essential for individuals with disabilities. They help their handlers manage and alleviate the symptoms associated with mental and emotional disabilities.
American Apartment Owners Association
DECEMBER 2, 2024
Sort your possessions into three separate groups: stuff that is just worn out or useless, good-condition items that might help others, and definitely needed basics. Does it serve a real need or make you happy? Think about either an internet or a conventional yard sale for selling prized goods.
ADDA
JANUARY 15, 2025
Lets discuss the most effective strategies and security measures for gated communities management committee should implement to ensure comprehensive safety and peace of mind for its residents. Advanced Digital Visitor Management System (VMS) Paper-based visitor logs are no longer adequate in a technology-driven age.
Bay Property Management Group
DECEMBER 2, 2024
According to our Baltimore property management company , your landlord will typically have 24 hours to address critical issues. Additionally, if you caused said damage, your landlord is most definitely not on the hook for it. You can choose a home with a tenant-friendly property manager. How Long Can a Landlord Ignore You?
Real Property Management Chicago
MAY 6, 2016
Also, consider whether you would be taking care of your rental property yourself, or if you would need the services of a Chicago property management company for your rental. Keep in mind that different areas and different types of property will attract tenants with different definitions of what it means to be “rent ready.”
Real Property Management Chicago
NOVEMBER 25, 2021
You definitely don’t want to have to deal with a broken window, a damaged roof, or a pest infestation when in freezing temperatures. At Real Property Management Chicago Group , we help rental property owners like you keep their rentals ready for whatever Mother Nature may bring. But you don’t have to do it alone.
Real Property Management Chicago
NOVEMBER 30, 2017
Almost every Chicago property management company will be checking your credit. Before you apply, call the property management company or landlord to ask about their application criteria. Most Chicago property management companies and landlords will ask for these. Get ready to apply by following these simple tips!
Real Property Management Chicago
AUGUST 27, 2021
Then again, if you say that the definition of an asset is a means of generating cash flow, it might be that your most valued asset isn’t your property but your tenant. At Real Property Management Chicago Group , we understand the value of tenants. In any case, rental income can’t be generated from a vacant rental house.
Real Property Management Chicago
JULY 1, 2016
If you’d prefer not to be in charge of these things, then renting is definitely for you. 3 Reasons to Keep Renting appeared first on Real Property Management Chicago Group. Are you savvy on repairs and ready to take care of a leaking roof or a furnace that stops working in winter? The post Rent or Buy?
Real Property Management Chicago
DECEMBER 18, 2020
Real Property Management Chicago Group can definitely help! The post Renter-Friendly Christmas Decorating Tips appeared first on Real Property Management Chicago Group. Are you earnestly looking for a new rental home this winter? Don’t hesitate to browse our current listings or call us at 312-265-0660.
Real Property Management Chicago
FEBRUARY 17, 2022
By definition, residential real estate is purchased and occupied as a dwelling by owners or tenants. Our local Arlington Heights property management experts join and work with investors like you to help look for, prep, and lease quality residential rental homes. In 2020, it was valued at $33.6 trillion and still increasing.
American Apartment Owners Association
FEBRUARY 6, 2025
Because of their size, tiny homes are simple to maintain andare less expensive than larger ones in terms of taxes and building, heating, maintenance and repair costs.Renters, property owners and managers have fewer maintenance and repairs to deal with since there is less area to look after.In
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