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
MARCH 19, 2025
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. Heres a quick breakdown of those definitions. Operating Expenses Operating expenses are the costs of maintaining and managing your rental property.
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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. Factors Impacting Property Management Companies Profitability So, whats going on here? First: Leasing has become less profitable, with renters moving less often than they have in previous years.
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.
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!
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. These pets provide the necessary support that eases symptoms and enhances daily functionality.
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.
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.
Bay Property Management Group
APRIL 8, 2025
As a property management company in Washington, D.C., in the eyes of the law, anyone paying to live in a property is considered a tenant. 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.
Bay Property Management Group
APRIL 2, 2025
As our rental property management in Northern Virginia can tell you, phrogging is a real problem. Phrogging (pronounced as frogging ) happens when someone trespasses onto your property and hides out on it. In that case, it’s definitely important to check out the attics, basements, and even empty units. Absolutely.
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?
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 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.
Real Property Management Chicago
JUNE 4, 2021
To provide a sense of security for your tenants, you have the crucial task of carefully preparing your property to make it liveable. This may include getting insurance for your property as well as doing routine maintenance and repairs. Comprehensive property assessments are being offered by Real Property Management Chicago Group.
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. Because of that, landlords and property managers put a lot of stake into your income status. What Is a Credit Score?
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. That could be construed as property damage. So, although accidents happen, you should address them promptly to the landlord or property manager to avoid further complications.
American Apartment Owners Association
FEBRUARY 6, 2025
Whichever dcor you choose, tiny homes by definition are less expensive to build and decorate, making it easier to afford higher quality furnishings and hardware. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.
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. Disadvantages of Utilities-Included Rentals Having utilities bundled with rent is definitely convenient.
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.
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.
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.
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
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.
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.
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.
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.
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. Think about why you are buying this property and what you hope this investment will do for you. Consider who your ideal tenants would be.
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.
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.
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.
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.
Fourandhalf
AUGUST 28, 2024
In this blog post, we’ll go into detail about the pros and cons of each strategy so that you can decide which makes the most sense for achieving success in growing your property management business! Brand awareness ad campaigns prioritize getting your property management business known by potential customers.
Bay Property Management Group
APRIL 15, 2025
This includes securing a BBL, scheduling a property inspection, registering with the Rental Accommodations Division (RAD), and obtaining a Certificate of Occupancy if required. As property management in Washington, D.C. , appeared first on Bay Property Management Group. depends on a few things. Contact us today!
Real Property Management Choice
MARCH 23, 2018
And although at some points you feel nervous, after finishing the ride you know it was definitely worth the wait. Now apply the same situation to owning real estate rental property. You’ve waited a long time to get to a point in your life where you could have investment property bringing you in an extra source of income.
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.
Real Property Management Choice
AUGUST 23, 2018
As the leading rental property management company in Los Angeles, it is our job to help each rental property owner understand the benefits that investing in rental property has. By not performing adequate repairs, you will experience accelerated depreciation of the property, and end up paying for maintenance.
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
Residential Many new real estate investors thinking of purchasing select a residential rental property. By definition, residential real estate is purchased and occupied as a dwelling by owners or tenants. If you are looking to start investing in residential rental properties, we can help! In 2020, it was valued at $33.6
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
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?
Renjoy
AUGUST 1, 2023
What Exactly do the Best Airbnb Property Managers do? So, you’ve dabbled in the world of Airbnb and discovered that managing a property isn’t just a walk in the park. That’s where the Airbnb manager superstars swoop in to save the day. Well, fear not! Finding the right one is absolutely crucial!
Authority Property Management
NOVEMBER 24, 2019
Think You May Need A New Property Manager? When you own rental property, we realize you want the best property management company in charge of your properties. However, if you fail to pay attention to the details when selecting a property management firm, you will quickly realize this was a huge mistake.
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