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Learn all About Rental Property Accounting

We understand that a real estate investor is burdened with loads of work which includes managing one or more properties, their maintenance, finding reliable tenants, and ensuring the overall profitability of the business. With all these responsibilities real estate accounting or bookkeeping tends to take a back seat. However, accounting for all the financial transactions […]

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What Should You do to Improve Asset Management for Your Rental Property Portfolio?

Managing property especially when you have a rental asset can be quite daunting. It involves scheduling, strategizing and regular visits to the site to check on proper asset management. Rental properties if managed properly generate a steady income. However, just like any other portfolio, it also asks for regular nurturing of the investment. Therefore, asset […]

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Is Your Business Ready for the Year-End?

Year-end is a time for reflection. It is the time to look back and redefine your companies vision and goals. But let’s be honest, this is a little difficult to do if your accounts are not in order. Keeping this in mind, we at OHI have compiled a simple year-end accounting checklist for your business. […]

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Tips for Dealing with Difficult Renters

Owning a property and acquiring the title “landlord” can be quite satisfying as there are numerous financial benefits associated with a property. In fact, rental properties are some of the most significant investments. However, with profits come hurdles. Even the savviest landlords have one or two encounters with terrible renters— every property owner’s worst nightmare! […]

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Why It Makes Sense to Outsource Your Accounts Department?

In today’s fast-paced competitive world, businesses must focus on working to ensure that they maximize their revenue, translated as profits! While it is true that there will always be ancillary departments that will aid the revenue-making, growth and expansion of the company, companies must decide how many of such ancillary departments are they willing to […]

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Monthly Property Management Reports?

What is Property Management? Management in any business is the process of monitoring, accounting and supervising a certain aspect of that business. Property management is no different. It is the sum total of all the processes, systems, manpower and infrastructure that is required to maintain a property throughout its lifecycle. These activities may involve managing […]

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Hiring a Property Management Company

Owners with numerous properties and rental units are often stumped with the burden of managing incomes from them. It becomes a time-consuming and a daunting task to handle the various aspects of property management like handling rental incomes, owner’s funds and filing tax returns to name a few. Hiring a competent Property Management Company ensures […]

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Accrual Accounting- The Perfect Way of Managing Multifamily Accounting

A businesses accounting method certainly impacts its investment strategy. The right accounting strategy can benefit the business greatly by helping to depict the actual financial condition. Which in turn aids in making insightful business decisions with clearly-devised business strategies. When it comes to multifamily property and investors, there are two accounting options to choose from […]

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All You Need to Know About the New Commercial Lease Accounting Rules!

Leasing is important to businesses as it enables access to assets, aids in getting the requisite financing along with reduction of risks that go with the ownership of assets. The new commercial lease accounting rules have been formulated to create greater transparency regarding the actual debt of companies, whether publicly registered or privately owned. It […]

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Get to Know About Record Keeping for Landlords!

Owning a property can be a great way to earn a regular monthly income. For a landlord, expanding property ownership to a number of locations can increase his monthly income manifold. However, landlords need to keep records of documents, bills, and other important notes of information which may be required at a future date for […]

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