Sun.Dec 08, 2024

article thumbnail

Mastering Book Closure and Auditing: Expert Practices for Housing Societies

ADDA

Effective financial management is the backbone of housing societies and apartment associations. Accurate bookkeeping and auditing not only ensure financial stability but also foster trust and transparency among members. This comprehensive guide outlines expert practices for book closure and auditing while showcasing how ADDA, the #1 SaaS platform for housing societies, simplifies these crucial processes.

article thumbnail

Can You Cancel a Lease? Here’s Everything You Need to Know

Bay Property Management Group

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. In this article, we walk you through everything you need to know about lease cancellation, as well as how to avoid potential pitfalls.

Lease 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Driving success together: Property Management Partners spotlight

PropertyMe

In the fast-paced world of property management, it takes more than just know-how to stay ahead it takes the right support, innovative tools and a team that truly gets it. Thats where Property Management Partners (PMP) steps in. Known as Australias go-to for onshore outsourcing and consultancy, PMP is all about empowering Property Managers […] The post Driving success together: Property Management Partners spotlight appeared first on PropertyMe.

article thumbnail

Advantages of property management systems in residential real estate

MRI Software

Managing multifamily properties can be a daunting task, but technology is changing the game. Property management systems (PMS) have become essential tools for landlords and property managers. In fact, according to a survey by Software Advice , 53% of property managers report that using a PMS has reduced their operating costs, proving that these systems arent just convenienttheyre transformative.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Understanding Occupancy Cost in Short-Term Rentals

Host Tools

For short-term rental hosts and property managers , running a rental can be both exciting and lucrative. Yet, with great returns come responsibilities, especially when it comes to managing occupancy costs. A clear understanding of these costs is crucial for maintaining profitability and ensuring your hard work pays off. This blog will break down what occupancy costs are, why they matter, and how to calculate and manage them to optimize your rental propertys financial performance.

article thumbnail

Multifamily energy savings programs: Benefits for property managers, owners, and tenants

MRI Software

Managing energy use in multifamily buildings is crucial for cutting costs and boosting sustainability. Multifamily energy savings programs are designed to help property managers and owners lower energy bills while improving overall efficiency. These programs not only reduce expenses but also create more eco-friendly, comfortable living spaces for tenants.

More Trending

article thumbnail

How to analyze and underwrite a multifamily property deal like a pro

MRI Software

Multifamily real estate offers significant potential for investors, but mastering the underwriting process is key. Understanding how to underwrite a multifamily deal helps you evaluate opportunities effectively and avoid costly mistakes. By analyzing the right metrics, you can confidently assess whether a property will generate the returns you need.

article thumbnail

How to prepare your multifamily property for storm season

MRI Software

Storms are becoming more frequent and more severe, with hurricanes alone causing an average of $22.8 billion in damages per event in the United States. For multifamily property owners, storm season can be especially challenging, as one extreme weather event can cause widespread damage, disrupt operations, and jeopardize tenant safety. The stakes are high, but with the right preparation, you can protect your property and avoid costly setbacks.