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.
American Apartment Owners Association
JANUARY 27, 2025
Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property? Get started by viewing .
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Buildium
MARCH 19, 2025
Note: This guide is intended to provide general information on rental property tax accounting. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. Heres a quick breakdown of those definitions. What Counts as Rental Income?
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. Distinction in Charges Although pet deposits cannot be charged, landlords can still use standard security deposits to cover any potential property damages caused by an assistance animal.
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.
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.
American Apartment Owners Association
FEBRUARY 6, 2025
On the other hand, tiny houses and ADUs (accessory dwelling units) that are situated on a property that also has a traditional dwelling may see a greater increase in value. Preparing your tiny home for tenants The aesthetics and style you choose for your tiny house rental property can have an impact on the type of renters you attract.
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.
Bay Property Management Group
APRIL 2, 2025
But what if someone was living in your property without you even knowing? In this article, well walk you through exactly what phrogging is, when it happens, what signs to watch for, and how to keep your property safe. As our rental property management in Northern Virginia can tell you, phrogging is a real problem.
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. Do not rush into warming the pipes because if the water thaws, there might be risks of the water flooding your property.
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. This way, they can rest assured you’ll do the same for their property.
Bay Property Management Group
APRIL 3, 2025
Of course, it’s always a best practice to consult a lawyer to get their definitive opinion. That said, when the violation is severe or legally non-curable, such as illegal activity or serious property damage, the landlord may still have grounds to evict the tenant. appeared first on Bay Property Management Group.
Bay Property Management Group
APRIL 4, 2025
Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. Meanwhile, landlords gain steady income but face challenges , including tenant defaults, limited control over property changes, and delayed profits. This makes it easier for the tenant to get started on developing the property.
Bay Property Management Group
FEBRUARY 13, 2025
On the milder end, it could be something like making excessive noise, and on the more severe end, it could look more like missing rent payments or damaging the property. Luckily, our property managers in Philadelphia can help make sure everyone understands this fundamental component of the rental experience.
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. In fact, some properties even offer recycling services as part of this fee. Still, it does come with a few disadvantages.
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. They can vouch firsthand that you paid on time, maintained the property, and were an all-around good tenant. What Is a Credit Score?
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
MARCH 18, 2025
Thinking about buying a property in 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. Partner with us and turn your property into a more passive, profitable asset!
Real Property Management Chicago
MAY 6, 2016
Demand for rentals has never been higher, Chicago area rents are on the way up, and the time to invest in Chicago properties has never been better. Find profitable rental property, and you will have an excellent investment that will be profitable for years to come. However, choosing your investment property can be tricky.
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.
American Apartment Owners Association
JANUARY 27, 2025
Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property? Get started by viewing .
Real Property Management Chicago
JUNE 4, 2021
You have made a valuable investment for your future by being a rental property owner in Arlington Heights. Through due diligence, managing your properties is doable while still protecting and growing that investment. This can be applied in a lot of ways when it comes to rental properties. It is done to minimize risk.
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.
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
JANUARY 23, 2025
Many property managers distinguish that they need to work straightaway when a resident calls with an emergency maintenance request. This is one of the toughest scenarios that property owners face since some problems, even those that cause irritation or discomfort, are not true emergencies. What defines an emergency repair?
Mashvisor
AUGUST 15, 2021
One of the headaches of selling a property is finding the right buyer; although, oddly enough, the right buyer could be eating French fries just in front of you at…
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. Distinction in Charges Although pet deposits cannot be charged, landlords can still use standard security deposits to cover any potential property damages caused by an assistance animal.
Yardi Breeze
MARCH 26, 2025
Why BOMA stands out Interviewer : What makes BOMA stand out in commercial property management? Our programs, editorial content, products and services are informed by the collective knowledge of our members, all of whom are leaders in property management. The demand for skilled property managers has grown. New to BOMA?
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.
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. All of these are indispensable in improving the value and profitability of rental properties.
American Apartment Owners Association
FEBRUARY 6, 2025
On the other hand, tiny houses and ADUs (accessory dwelling units) that are situated on a property that also has a traditional dwelling may see a greater increase in value. Preparing your tiny home for tenants The aesthetics and style you choose for your tiny house rental property can have an impact on the type of renters you attract.
Mashvisor
SEPTEMBER 6, 2021
Not only is it landlord and Airbnb friendly, but property taxes are relatively low and home values, high… Arizona is one of the best states to invest in real estate.
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.
Mem Property Management
FEBRUARY 6, 2025
Depending on state law, you may need to reaffirm that the association will be filing a lien to protect this debt, and definitely include the right of the association to proceed with collection if the owner breaches the agreement, notes Howard.
Colliers
MARCH 19, 2025
In the previous installment of our outdoor storage series, we explored the definition of industrial outdoor storage (IOS) and highlighted key macro trends shaping this niche property type. Because of a surge […]
American Apartment Owners Association
DECEMBER 12, 2024
With billions of dollars worth of commercial real estate loans coming due, landlords with struggling properties are increasingly giving the keys to lenders and walking away. The average drop in value of a distressed commercial property was 43% between midyear 2023 and 2024,according to Cred iQ. None responded to requests for comment.
Condo Control
JANUARY 28, 2025
A price increase could open up some new spots (people who dont really need the parking or storage may terminate the lease), but it will definitely bring in more revenue for the community. The board can use this data to determine if the cost of leasing valuable assets should be increased. Just make sure the increase is reasonable.
Real Property Management Chicago
NOVEMBER 25, 2021
Frigid temperatures are bad for any rental property, but this can be especially bad for vacant properties during the cold parts of any year. If you have a rental property that’s going to be sitting empty, even if just for a bit, it’s wise to winterize it. But you don’t have to do it alone.
Real Property Management Chicago
FEBRUARY 17, 2022
Rental property investors, primarily, have numerous choices as to property type, size, and function. If you’re not yet clear which type of rental property is appropriate for you, start by learning about the four main types of real estate and the purpose of each one. In 2020, it was valued at $33.6 trillion and still increasing.
Real Property Management Chicago
AUGUST 27, 2021
For a lot of Northbrook rental property owners , real estate is often agreed upon as the most valuable asset. 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. So how can you avoid this situation?
Haustay
MARCH 10, 2025
Owning a vacation rental can be a fantastic investment, providing both passive income and property appreciation. From attracting guests to maintaining the property, there are many factors that can determine whether your rental is a thriving business or a stressful endeavor. What is Vacation Rental Management?
Real Property Management Chicago
JULY 1, 2016
However, you would also need to pay for maintenance on the home, property taxes, homeowner’s insurance, realtor and lawyer fees, HOA fees, interest and more. If you’d prefer not to be in charge of these things, then renting is definitely for you. If not, the decision to purchase a home might cause undue financial strain.
Beach Front Property Management
DECEMBER 30, 2024
Mortgages play a vital role in real estate, making homeownership and property investment accessible by providing financing options. This guide explores mortgage types and how they impact your real estate journey, empowering you to choose the best option for your financial and property goals. Feel free to reach us at BFPMInc.
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?
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