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Real Estate Accounting Services: Streamlining Financial Success in the Property Market

Real Estate Accounting Services: Streamlining Financial Success in the Property Market

INTRODUCTION The real estate industry is a multifaceted and dynamic sector that offers immense potential for financial growth and investment opportunities. Whether you are a real estate professional, property owner, or investor, you are well aware of the complexities involved […]

  • February 6, 2024
  • OHI
Hiring a Real Estate Accountant vs. DIY Accounting: Making the Right Financial Choice for Your Real Estate Ventures

Hiring a Real Estate Accountant vs. DIY Accounting: Making the Right Financial Choice for Your Real Estate Ventures

Introduction: Real estate investment can be a lucrative and rewarding endeavor. However, it also comes with a host of financial complexities that require careful management and accounting. As a real estate investor or property owner, you face a pivotal decision: […]

  • February 1, 2024
  • OHI
Navigating Real Estate Accounting for Government Entities: A Comprehensive Guide

Navigating Real Estate Accounting for Government Entities: A Comprehensive Guide

Introduction: Construction is a multifaceted and often intricate industry that demands meticulous financial management to ensure projects are completed successfully, on time, and within budget. Effective construction accounting is the linchpin of this financial oversight, providing construction companies and contractors […]

  • January 3, 2024
  • OHI
The Comprehensive Benefits of Cloud-Based Accounting for Real Estate Firms

The Comprehensive Benefits of Cloud-Based Accounting for Real Estate Firms

IntroductionIn the ever-evolving landscape of the real estate industry, where properties are bought and sold, investments flourish, and financial decisions drive success, the role of efficient and adaptable accounting cannot be overemphasized. Traditional accounting systems have played their part in […]

  • December 26, 2023
  • OHI
Introduction: A Digital Revolution in Real Estate

Introduction: A Digital Revolution in Real Estate

Hey there! Ever wondered how the world of property management has transformed over the years? Let’s take a fascinating journey through the evolution of property management software, and I promise, it’s more intriguing than it sounds! The Early Days: Manual […]

  • December 23, 2023
  • OHI
The Role of Compliance Audits in Real Estate Accounting

The Role of Compliance Audits in Real Estate Accounting

Introduction: Navigating Real Estate ComplianceWelcome to the intricate world of real estate accounting, where meticulous attention to detail meets stringent regulatory standards. Today, we embark on an explorative journey into the vital role of compliance audits in this dynamic field. […]

  • December 22, 2023
  • OHI
Real Estate Investment Trusts (REITs) vs. Direct Ownership: Pros and Cons

Real Estate Investment Trusts (REITs) vs. Direct Ownership: Pros and Cons

Introduction: Diving into Real Estate Investment StrategiesThe real estate market offers a plethora of investment opportunities, notably Real Estate Investment Trusts (REITs) and direct property ownership. Each option has its unique set of benefits and drawbacks, tailored to different investor […]

  • December 20, 2023
  • OHI
The Role of FASB in Shaping Real Estate Accounting Standards

The Role of FASB in Shaping Real Estate Accounting Standards

Introduction: FASB’s Central Role in Real Estate AccountingIn the complex world of real estate accounting, the Financial Accounting Standards Board (FASB) stands as a pivotal institution. This independent body is responsible for setting the standards that govern how real estate […]

  • December 12, 2023
  • OHI
THE ADVANTAGES OF REMOTE PROPERTY MANAGEMENT SERVICES

THE ADVANTAGES OF REMOTE PROPERTY MANAGEMENT SERVICES

Property management has evolved significantly in recent years, thanks to advancements in technology and changes in work dynamics. One of the most notable developments is the rise of remote property management services. These services offer property owners and managers a […]

  • November 21, 2023
  • OHI
Real Estate Accounting for Short-Term Rentals and Vacation Properties: A Comprehensive Guide

Real Estate Accounting for Short-Term Rentals and Vacation Properties: A Comprehensive Guide

In the world of real estate, short-term rentals and vacation properties have become increasingly popular investments. However, managing the financial aspects of these properties can be complex and challenging. In this comprehensive guide, we will delve into the intricacies of […]

  • October 30, 2023
  • OHI
Mergers and Acquisitions in Real Estate: Accounting Implications

Mergers and Acquisitions in Real Estate: Accounting Implications

The real estate sector, with its vast potential for growth and profitability, often witnesses a flurry of mergers and acquisitions (M&A). These strategic moves can reshape the landscape of the industry, offering firms a chance to expand their footprint, diversify […]

  • October 26, 2023
  • OHI
Implementing Efficient Accounting Systems for Property Management Firms

Implementing Efficient Accounting Systems for Property Management Firms

In the bustling realm of real estate, property management firms stand as the backbone, ensuring smooth operations, tenant satisfaction, and optimal financial management. Central to their success is an efficient accounting system. Without it, the vast financial intricacies these firms […]

  • October 21, 2023
  • OHI
A Comprehensive Exploration of Mortgage Accounting in Real Estate

A Comprehensive Exploration of Mortgage Accounting in Real Estate

Real estate investments often represent one of the most significant financial commitments individuals make in their lifetime. Whether you’re a first-time homebuyer stepping into the world of property ownership or a seasoned real estate investor, a comprehensive understanding of mortgage […]

  • October 3, 2023
  • OHI
Capital Expenditures vs. Repairs and Maintenance: A Simple Guide to Big Buys and Regular Fixes

Capital Expenditures vs. Repairs and Maintenance: A Simple Guide to Big Buys and Regular Fixes

Let’s imagine you have a car. Sometimes, you buy big things for it, like new tires. Other times, you just get oil changes or wash it. In the world of business, these two types of spending have special names: “Capital […]

  • September 27, 2023
  • OHI
Tenant Improvements and Leasehold Improvements: Breaking Down Costs and Payments in Simple Terms

Tenant Improvements and Leasehold Improvements: Breaking Down Costs and Payments in Simple Terms

When you rent a place, like a store or an office, you often want to make it feel more “you”. This might mean adding a fresh coat of paint, putting up new shelves, or even changing the lighting. These changes […]

  • September 22, 2023
  • OHI
Ethics in Real Estate Accounting: Understanding and Adhering to Ethical Standards and Practices

Ethics in Real Estate Accounting: Understanding and Adhering to Ethical Standards and Practices

In the multifaceted realm of real estate accounting, ethical considerations stand at the forefront. Real estate accountants, often seen as the financial sentinels, bear the weighty responsibility of ensuring that financial statements and records are not only accurate but also […]

  • September 14, 2023
  • OHI
The Role of Commercial Property Managers in Enhancing Asset Value

The Role of Commercial Property Managers in Enhancing Asset Value

The realm of commercial real estate is vast, multifaceted, and brimming with potential. Ensuring that a commercial property realizes this potential largely falls upon the shoulders of commercial property managers. Their strategic efforts and administrative acumen significantly influence the asset […]

  • August 17, 2023
  • OHI
The Evolution of Residential Property Management: An In-depth Accounting Perspective in Modern Real Estate

The Evolution of Residential Property Management: An In-depth Accounting Perspective in Modern Real Estate

In the vast tapestry of the real estate sector, numerous threads weave together to form its intricate design. One such vital thread is the evolution of residential property management companies. By delving deep into this evolution from a financial and […]

  • August 10, 2023
  • OHI
Real Estate Accounting: Key Differences Between Commercial and Residential Properties

Real Estate Accounting: Key Differences Between Commercial and Residential Properties

Real estate accounting plays a crucial role in managing and analyzing the financial aspects of property investments. However, accounting practices can significantly vary between commercial and residential properties due to the distinct nature of their operations and revenue generation. In […]

  • July 28, 2023
  • OHI
Understanding Real Estate Financial Statements: A Comprehensive Guide

Understanding Real Estate Financial Statements: A Comprehensive Guide

Real estate is a lucrative investment option that attracts many individuals and businesses due to its potential for generating income and building wealth. However, to succeed in the real estate industry, it’s essential to understand the financial aspects involved. One […]

  • July 21, 2023
  • OHI
Strategies For Streamlining Rental Property Accounting Process: Enhancing Efficiency and Accuracy

Strategies For Streamlining Rental Property Accounting Process: Enhancing Efficiency and Accuracy

Efficient accounting for rental property is crucial for property owners to effectively manage their investments, optimize financial performance, and ensure compliance with tax regulations. By streamlining successful real estate accounting processes, property owners can save time, minimize errors, and gain […]

  • July 4, 2023
  • OHI
The Key Responsibilities of a Real Estate Asset Manager

The Key Responsibilities of a Real Estate Asset Manager

In the dynamic field of real estate, asset management plays an increasingly pivotal role. As the industry continues to evolve and adapt to the changing times, the roles and responsibilities of real estate asset managers become even more vital. Real […]

  • June 30, 2023
  • OHI
The Top 10 Metrics Every Real Estate Investor Should Know

The Top 10 Metrics Every Real Estate Investor Should Know

Real estate investment is an attractive avenue for generating wealth and building a diversified portfolio. However, successful real estate investing requires a deep understanding of various metrics and indicators that can help investors make informed decisions. In this blog post, […]

  • June 14, 2023
  • OHI
Multifamily Financial Reporting: An Overview of Key Reports and Statements

Multifamily Financial Reporting: An Overview of Key Reports and Statements

Financial reporting is a crucial aspect of multifamily real estate investing. It provides investors, property owners, and stakeholders with valuable insights into the financial performance and health of multifamily properties. By understanding and analyzing key reports and statements, investors can […]

  • June 8, 2023
  • OHI
Overview of HOA Accounting: Roles, Responsibilities, and Best Practices

Overview of HOA Accounting: Roles, Responsibilities, and Best Practices

Homeowners’ Associations (HOAs) play a crucial role in managing and maintaining communities, ensuring that common areas and amenities are well-maintained and property values are preserved. Central to the effective operation of an HOA is proper accounting and financial management. In […]

  • May 19, 2023
  • OHI
Key Considerations for Successful Real Estate Accounting Outsourcing

Key Considerations for Successful Real Estate Accounting Outsourcing

In the competitive world of real estate, companies are constantly seeking ways to optimize their operations and focus on their core competencies. One increasingly popular solution is outsourcing real estate accounting services. By entrusting their accounting functions to specialized service […]

  • May 11, 2023
  • OHI
Key Metrics to Track in Real Estate Asset Management

Key Metrics to Track in Real Estate Asset Management

The role of asset management in the real estate sector is to oversee the entire property end-to-end. Driving revenues and profitability is an important aspect of function. This is where establishing clear Key Performance Indicators (KPI), or key metrics, can […]

  • April 19, 2023
  • OHI
Understanding and Reporting on Multifamily Budget Variances

Understanding and Reporting on Multifamily Budget Variances

A multifamily budget variance occurs when there is a difference between the actual expenses, revenue of a property, and the budgeted amounts. Analyzing multifamily budget variances helps the leadership and management understand what transpired, why it happened, and what could […]

  • April 13, 2023
  • OHI
The Role of Accountants in Managing Real Estate Investment Trusts (REIT Accounting)

The Role of Accountants in Managing Real Estate Investment Trusts (REIT Accounting)

Have you ever considered the benefits of hiring an accountant specializing in managing real estate investment trusts (REITs)? Many busy investors lose out on profitable investment opportunities because they don’t have a trusted advisor to help them navigate their taxation […]

  • March 8, 2023
  • OHI
The Role of Technology in Property Accounting

The Role of Technology in Property Accounting

Nowadays, we’re witnessing rapid innovation in the realm of real estate technology. Innovations are constantly moving and enhancing how we function, making this a fantastic time to be a part of this industry. In the last few years, the real […]

  • January 30, 2023
  • OHI
How to Track Income and Expenses for Rental Properties

How to Track Income and Expenses for Rental Properties

Keeping tabs on rental income and expenses is a crucial element of being a successful real estate investor and entrepreneur. Unfortunately, this practice is also among the things real estate professionals dislike the most. However, staying clear of IRS trouble […]

  • January 20, 2023
  • OHI
Understanding the Tax Implications of Investing in Real Estate Investment Trusts (REITs)

Understanding the Tax Implications of Investing in Real Estate Investment Trusts (REITs)

Real estate investment trusts (REITs) serve as a preferred option for those who want to invest in real estate but don’t want the hassle of buying or managing a property.  Due to their high yields, real estate investment trusts are popular […]

  • January 10, 2023
  • OHI
What is a Real Estate Investment Trust (REIT)?

What is a Real Estate Investment Trust (REIT)?

Real estate investment trusts (REITs) own, manage and finance income-generating real estate across a broad spectrum of property sectors. To be classified as REITs, these real estate firms must satisfy several criteria and regulations. Most REITs are listed on prominent […]

  • December 27, 2022
  • OHI
Why a Balance Sheet is Important in Real Estate

Why a Balance Sheet is Important in Real Estate

As an owner of commercial real estate, have you ever wondered what your net worth is? The quickest way to determine your net worth is by looking at your balance sheet. You can determine the value of each property and […]

  • December 20, 2022
  • OHI
Biggest Challenges in Accounting for Property Management Companies

Biggest Challenges in Accounting for Property Management Companies

As a provider of property management services, you have a lot of challenges to deal with. Your primary responsibilities include managing leads, listing properties, document management, planned preventive maintenance, and billing and payment collection. While these are your core business […]

  • December 13, 2022
  • OHI
Accounting for Real Estate: Easy Ways to Keep Track of Finances

Accounting for Real Estate: Easy Ways to Keep Track of Finances

An escalating number of transactions, adherence to a plethora of state regulations, etc., are now part of the real estate industry’s standard operating procedures. Most of all, real estate businesses must maintain accurate books because accounting is a crucial and […]

  • December 6, 2022
  • OHI
A Guide to Real Estate Investment Funds

A Guide to Real Estate Investment Funds

As an essential alternative asset class, real estate is considered among the least risky investments that offer diversification and excellent yields for all sorts of investors. Although not everybody is cut out for the rigours of discovering, purchasing, and maintaining a single […]

  • November 9, 2022
  • OHI
The Basics of Investing in Real Estate

The Basics of Investing in Real Estate

Do you want to invest in real estate but don’t know where to start? Are you interested in learning the pros and cons of real estate investing? Most importantly, are you aware of the tax benefits of real estate investing? […]

  • November 4, 2022
  • OHI
Real Estate Budgeting and Forecasting: Getting Organized

Real Estate Budgeting and Forecasting: Getting Organized

While real estate budgeting and forecasting decide the success or failure of your business, the steps that lead to the preparation of the budget are equally important. What are these steps to preparing a real estate budget? What information do […]

  • September 27, 2022
  • OHI
How You Can Benefit from Outsourcing Asset Management Services

How You Can Benefit from Outsourcing Asset Management Services

Like the majority of industry players, you might frequently feel rushed, with insufficient time available during the day to manage your business and set up your company for expansion. If you had a choice, undoubtedly, you would prefer to devote […]

  • September 22, 2022
  • OHI
Six Tips for Efficient and Accurate Lease Abstracting

Six Tips for Efficient and Accurate Lease Abstracting

Lease abstraction refers to the process of condensing and deriving key clauses or provisions in leases and related lease documents to make it easier for tenants to comprehend the terms and conditions of leasing space from the landowner’s property.  Lease abstracting could be a […]

  • September 19, 2022
  • OHI
Is it Important to Have a Lease Administration Team?

Is it Important to Have a Lease Administration Team?

Lease administration is instrumental in the effective management of risks, lease terms execution, recoveries, and accounting, which opens up huge cost-saving opportunities and provides you immense control and authority over lease portfolios. People frequently find themselves in a precarious situation […]

  • September 13, 2022
  • OHI
How to Set a Budget for Your Real Estate Business (Real Estate Budget)

How to Set a Budget for Your Real Estate Business (Real Estate Budget)

Having a successful real estate business is half the job done; the other half depends on how well you manage your business’s finances. Not managing your finances means paying higher taxes, negative cash flows, or federal penalties. In this blog, […]

  • September 2, 2022
  • OHI
How Important is Property Management in Real Estate?

How Important is Property Management in Real Estate?

Buying, selling, and managing any piece of real estate is a long-term investment game. It comes with several challenges as well as rewards, provided it is handled with the right expertise. A growing practice in the real estate sector is […]

  • June 28, 2022
  • OHI
How to Find an Accountant Who Specialises in Real Estate?

How to Find an Accountant Who Specialises in Real Estate?

Real estate has always been a prominent business industry. Similar to every other business, accounting plays a considerable part in this domain. Accounting is usually an integral part of business as it assists in optimising and managing financial resources. Nevertheless, […]

  • June 20, 2022
  • OHI
Prioritizing Transformative Areas in Real Estate Accounting

Prioritizing Transformative Areas in Real Estate Accounting

Real estate has always been an outstanding business field, and like every other industry, accounting plays a considerable role here. Accounting is usually considered the backbone of a business as it aids in managing and optimising its monetary resources. However, […]

  • May 26, 2022
  • OHI
The Definitive Guide to Accounting Productivity for Real Estate

The Definitive Guide to Accounting Productivity for Real Estate

Real estate is a business with long sales cycles and a complex accounting mechanism. It is important to understand the nitty-gritty of accounting for real estate investors to increase productivity. With a view to achieving favourable cash flows and healthy […]

  • May 23, 2022
  • OHI
Why Should a Real Estate Agent Hire a CPA?

Why Should a Real Estate Agent Hire a CPA?

As real estate agents, there are two essential things you need to remember to stay in business. First, ensure that your existing clients are happy and refer new clients to grow your business. Second, maintain your books of accounts as […]

  • May 18, 2022
  • OHI
Your Guide to Finding the Best Property Management Firm

Your Guide to Finding the Best Property Management Firm

With the sheer number of property management companies in the country, you will be left spoilt for choice. One way to select the best property management services is to assess your needs to reduce expenses and develop a long-term relationship.  […]

  • May 10, 2022
  • OHI
Real Estate Accounting: Everything You Need to Know

Real Estate Accounting: Everything You Need to Know

What is Real Estate Accounting? Real estate involves a large number of financial processes and complications, numerous regulations and laws to follow, multiple transactions for the same property, and many other complexities that need to be organised and managed meticulously. […]

  • April 19, 2022
  • OHI
Choose the Best Way to Collect Your Rent (Rent Collection)

Choose the Best Way to Collect Your Rent (Rent Collection)

For those of you who are property owners or landlords, there is always one troublesome unanswered question – how do you make sure that you get your rent on time? The reason for this is very simple. The rent could […]

  • April 1, 2022
  • admin@ohi
Using a Lease Management/Lease Administration Software

Using a Lease Management/Lease Administration Software

If you’d ask any real-estate executive of a company, “how do you manage the lease portfolio of your organization?”, they are likely to offer you spreadsheets or other similar software as the answer. However, the increasing complexity of the lease […]

  • March 24, 2022
  • admin@ohi
What is the Cost of Goods Sold in Real Estate and How to Calculate?

What is the Cost of Goods Sold in Real Estate and How to Calculate?

Real estate comprises land, buildings, and natural resources. Commercial properties for sale include hotels, offices, stores, and more. Research centres, warehouses, and factories are considered industrial property. The real estate business has evolved beyond just the purchase and sale of […]

  • March 22, 2022
  • OHI
What is Proof of Funds in Real Estate Business?

What is Proof of Funds in Real Estate Business?

In any business transaction, the seller wants to ensure that the buyer has sufficient funds to pay for a purchase. The seller needs an assurance or guarantee, known as proof of funds. Let us understand the POF’s meaning.  POF is […]

  • March 17, 2022
  • OHI
What are the Challenges in Real Estate Accounting?

What are the Challenges in Real Estate Accounting?

Real estate agencies have to complete several internal processes besides selling and renting properties. One such process is accounting, which needs to be performed regularly by a real estate firm. Many real estate agencies hire in-house accountants to complete the […]

  • March 15, 2022
  • OHI
A Simple Guide to Understanding Rent Concessions

A Simple Guide to Understanding Rent Concessions

Investing in rental property is usually considered to be the most preferable investment strategy for multifamily investors. Not only does it provide them with an additional source of regular income but it also results in a steady appreciation of their […]

  • February 28, 2022
  • admin@ohi
Best Accounting Practices For Real Estate Investors

Best Accounting Practices For Real Estate Investors

Investing is called the game of numbers and luck. With luck being out of one’s hand, knowing one’s numbers becomes the only possible factor that separates the good from the great. The numbers of any business lie in its balance […]

  • February 27, 2022
  • admin@ohi
What is a Rent Roll?

What is a Rent Roll?

Buying a real estate property and putting it up for rent is a great source of income these days. The property owners either put their assets on rent for residential or commercial purposes. Obviously, the target is to get rent […]

  • February 24, 2022
  • admin@ohi
How to Understand a Real Estate Income Statement

How to Understand a Real Estate Income Statement

Investing in real estate is highly recommended by financial experts, given the underlying value it possesses. However, finding the right real estate to invest in can be quite challenging. It is one of the key factors used to monitor the […]

  • February 21, 2022
  • OHI
How to Minimize Taxes on Rental Income?

How to Minimize Taxes on Rental Income?

Rental homes can come with many costs, from maintenance and upkeep to interest on the mortgage. However, having a rental property can assist you in building wealth over the long run and diversifying your income streams. Specifically, having a steady […]

  • February 18, 2022
  • OHI
What Should a Monthly Property Management Report Cover?

What Should a Monthly Property Management Report Cover?

Property owners expect a property maintenance report to keep track of their assets. The property management company gives the owner a clear understanding of their asset using financial reports. Property management software is used for this purpose.  Property management reports […]

  • February 17, 2022
  • admin@ohi
How to Manage a Large Property Portfolio

How to Manage a Large Property Portfolio

The real estate business is a highly lucrative asset for investors all across the globe. It entails having multiple properties that can be rented out. In order to do it successfully, you need to maintain a property portfolio as this […]

  • February 15, 2022
  • OHI
How is Virtual Reality Revolutionizing the Real Estate Business?

How is Virtual Reality Revolutionizing the Real Estate Business?

Welcome to the arena of virtual reality (VR), a technology that immerses the user into a virtual world and thereby has significant implications for real estate companies.  Harnessing technology, virtual reality has helped bridge the gap for buyers in the […]

  • February 11, 2022
  • OHI
Key Real Estate Financial Ratios

Key Real Estate Financial Ratios

Though quite lucrative, real estate investments require prior planning and a thorough understanding of the real estate financial ratios. The ratios are used to analyze investments and determine their rate of return, cash flow, and profitability. Since real estate is […]

  • February 9, 2022
  • admin@ohi
Learn all About Rental Property Accounting

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 […]

  • January 19, 2022
  • admin@ohi
Advantages of Virtual Accounting Services for Real Estate Companies

Advantages of Virtual Accounting Services for Real Estate Companies

As a real estate business owner, you should be spending time interacting with property buyers and sellers to close more sales. If you spend time on routine accounting tasks, you may lose a customer. Keeping a track of the accounting […]

  • January 11, 2022
  • OHI
How to Make it Easier to Manage Your Real Estate Accounting Books?

How to Make it Easier to Manage Your Real Estate Accounting Books?

Accounting is a compulsory process for realtors around the world. The primary focus of realtors is to sell properties. However, they need to find some time for managing their books. Accounting books are required for many tasks, from tax filing […]

  • January 5, 2022
  • OHI
Benefits of Accounts Payable Automation for Real Estate Businesses

Benefits of Accounts Payable Automation for Real Estate Businesses

Real estate is one sector that is full of high risks. Its owners need to keep their property records very carefully. With a slew of funds and plenty of projects picking up momentum in the past quarters, the real estate […]

  • November 24, 2021
  • OHI
What is DeFi and How Does it Help in Real Estate Accounting

What is DeFi and How Does it Help in Real Estate Accounting

Cryptocurrency and blockchain technology have taken the world by a storm recently, with being extremely lucrative and safe for use at the same time. However, it is decentralized finance, or DeFi, that has been at the forefront in the crypto-umbrella. […]

  • November 16, 2021
  • OHI
Why You Should Use Real Estate Accounting Apps?

Why You Should Use Real Estate Accounting Apps?

To know how well your business is doing, you need a proper accounting system in place. Cash flows, profits, and losses are vital signs for the health of your business and help you take long-term strategic decisions to improve your […]

  • November 12, 2021
  • OHI
Everything You Need to Know About Real Estate Compliance

Everything You Need to Know About Real Estate Compliance

The contemporary business landscape is very dynamic. To keep a check on unfair business practices, governments worldwide have numerous compliance measures in place. The compliance rules and regulations vary depending on the industry and type of business. There is a […]

  • October 29, 2021
  • OHI
Know How Artificial Intelligence (AI) will Change the Commercial Real Estate Industry

Know How Artificial Intelligence (AI) will Change the Commercial Real Estate Industry

Almost every major industry uses some form of artificial intelligence (AI). AI algorithms are streamlining processes in a variety of industries, including healthcare and transportation. Artificial intelligence (AI) is now being used in almost every sector where data is being […]

  • October 25, 2021
  • OHI
How to Organize your Real Estate Budgeting and Forecasting

How to Organize your Real Estate Budgeting and Forecasting

Finances are a good standard to measure how well your business is doing – they tell you how much capital your business stands on as of now. While the current financial situation does reflect the status of your business, it […]

  • October 19, 2021
  • OHI
Impact of Covid-19 on Real Estate Financial Reporting

Impact of Covid-19 on Real Estate Financial Reporting

The COVID-19 pandemic had a widespread impact on the global economy due to the lower volume of transactions leading to losses. In the real estate sector, the impact has been even more significant since the ticket size of each real […]

  • October 15, 2021
  • OHI
5 Impacts of COVID-19 on Commercial Real Estate

5 Impacts of COVID-19 on Commercial Real Estate

COVID-19 has hit businesses globally, and the commercial rentalproperty market has not been spared. There are significant disruptions likely in the short and medium term. The work-from-home concept has become a norm and is just one of the few trends […]

  • October 5, 2021
  • OHI
The Impact of CAM Reconciliation on Leasing Strategy

The Impact of CAM Reconciliation on Leasing Strategy

Accounting for Common Area Maintenance, or Reconciliation, better as CAM, contributes majorly in achieving accuracy in accounting and cash flow. It is one of the most critical processes in the commercial leasing process in real estate that needs to be handled extremely […]

  • September 30, 2021
  • OHI
How to Find the Best Real Estate Accountant

How to Find the Best Real Estate Accountant

Accounting is an indispensable part of any business, even real estate. Real estate finds several uses for accounting services, which has led to an increased demand for real estate accounting services.  To find an accountant is a lot of work […]

  • August 27, 2021
  • OHI
Real Estate Technology Trends of 2021

Real Estate Technology Trends of 2021

Technological advancement is the way to the future. The coronavirus event has proven this point by accelerating technology adoption into industries worldwide. Although the COVID-19 pandemic seems to have set things back at first glance, the Real Estate sector has […]

  • August 13, 2021
  • OHI
The Right Investment Option: Single-Family or Multifamily Rentals

The Right Investment Option: Single-Family or Multifamily Rentals

“I want to invest in real estate, so I started looking for a property 2 months back. While I initially started searching both single-family and multifamily rentals, I believe a dedicated choice would help me make a quick decision. Which […]

  • August 10, 2021
  • OHI
The Basics of Cash Flow Management for Real Estate Investors

The Basics of Cash Flow Management for Real Estate Investors

Managing cash flow (Cash Flow Management) is the key to manage a business efficiently, and it’s the same for the real estate business. It is cash that helps you pay your bills for your real estate business to survive. But […]

  • July 26, 2021
  • OHI
5 Steps to Successful Real Estate Accounting and Bookkeeping for Investing Startups

5 Steps to Successful Real Estate Accounting and Bookkeeping for Investing Startups

As a real estate manager, you are already aware of the altering aspects of the industry, which makes accounting a tedious task. Especially in this sector, you need to keep track of the myriad of state and national regulations and […]

  • September 8, 2020
  • admin@ohi
Real Estate Budgeting – Creating Budgets for a Successful Real Estate Business

Real Estate Budgeting – Creating Budgets for a Successful Real Estate Business

You are focusing on your business and providing the best service possible to your clients and expanding your business, but are you successful? Your answer might be ‘yes’, of course, you are! But wait, having a great marketing strategy to […]

  • July 14, 2020
  • admin@ohi
Best Accounting Practices for Property Management Firms [Infographic]

Best Accounting Practices for Property Management Firms [Infographic]

Accounting itself seems a bit complex situation to handle for many businessmen. And when it comes to property management accounting, the property managers have to take care of land, rents, invoices etc. in a meticulous manner which makes it quite […]

  • July 9, 2020
  • admin@ohi
7 Property Management Tips for Landlords During COVID-19

7 Property Management Tips for Landlords During COVID-19

The global pandemic, COVID-19, has impacted every sphere of human dwelling. Under such challenging situations, where every state, country, or region is following its own set of regulations to fight and cope with the present scenario, even landlords and property […]

  • May 29, 2020
  • admin@ohi
Understanding COVID 19’s Impact On The Real Estate Sector

Understanding COVID 19’s Impact On The Real Estate Sector

The COVID 19 or Coronavirus crisis has affected the entire world quite drastically. It has been classified as a ‘pandemic’ by the World Health Organization (WHO). Currently, the pandemic has made a significant impact on both human civilization and the […]

  • April 30, 2020
  • admin@ohi
Property Managers Role in Property Accounting

Property Managers Role in Property Accounting

Introduction Most managers these days put their customers above everything, going out of their way to provide services, and bailing them out from unfortunate situations and crisis. However, while these acts of generosity help them build goodwill and reputation, they […]

  • March 13, 2020
  • admin@ohi
The Top Real Estate Investing Terms and Definitions Every Residential Property Investor Needs to Know

The Top Real Estate Investing Terms and Definitions Every Residential Property Investor Needs to Know

When you’re starting out as a property investor, the plethora of real estate investing terms might sound like nothing more than a lot of incomprehensible jargon. These hard-to-pronounce terms can initially seem somewhat intimidating. However, it is essential for investors […]

  • March 12, 2020
  • admin@ohi
5 Reasons Why Property Management Companies Fail

5 Reasons Why Property Management Companies Fail

Introduction Despite being a huge industry, property management is highly fragmented, with major property management firms having only a handful of employees. Initially, getting into the business might be easy, but keeping up and achieving success in the property management […]

  • March 3, 2020
  • admin@ohi
6 Residential Property Management Accounting Tips

6 Residential Property Management Accounting Tips

Do you want to make the most out of your property investment? If your answer is yes, then here is a guide to help you out. Getting a tenant, regular rentals and ensuring lower vacancies are only part of your […]

  • February 26, 2020
  • admin@ohi
Five Reasons Why Property Management Businesses Are Thriving

Five Reasons Why Property Management Businesses Are Thriving

Introduction With over 23 million landlords and over 113 million renters in the U.S. alone, the number keeps increasing every day. Not everyone has hundreds of thousands of dollars to invest in real estate and rent it out. However, there […]

  • February 24, 2020
  • admin@ohi
8 Stress-free Property Management Tips for Landlords

8 Stress-free Property Management Tips for Landlords

As the owner of a property, you must be aware of how important it is to ensure that your investment is managed well. If you don’t keep track of your cash flows or guarantee that you are legally protected as […]

  • February 21, 2020
  • admin@ohi
Services That a Property Management Company Provides

Services That a Property Management Company Provides

As the owner of a rental property, there are a lot of issues that need to be taken care of relating to the property. Starting from screening the tenant to maintaining the property, you have to look into every aspect […]

  • February 20, 2020
  • admin@ohi
Six Paramount Characteristics of a Money Making Rental Property

Six Paramount Characteristics of a Money Making Rental Property

Are you on the lookout to purchase a residential rental property? Such a decision needs to be executed being extremely scrupulous of honey potting deals that break bad once you have invested your hard-earned money into them. There are some […]

  • February 17, 2020
  • admin@ohi
8 Must-Have Numbers for Evaluating a Real Estate Investment

8 Must-Have Numbers for Evaluating a Real Estate Investment

Against what most math-allergic people might prefer, real estate investment requires a level of math. Thankfully, most of the calculations involved in a typical real estate investment are simple. Moreover, there are also a wide number of advanced tools available […]

  • February 12, 2020
  • admin@ohi
A Simple Rental Property Accounting System for Small Landlords

A Simple Rental Property Accounting System for Small Landlords

Wouldn’t it be a lot convenient to have a system that simplifies all your transactions? Imagine a rental property accounting system that helps you keep track of all your transactions all throughout the financial year. The system we will consider […]

  • January 22, 2020
  • admin@ohi
US Real Estate Predictions: What You Should Expect in 2020

US Real Estate Predictions: What You Should Expect in 2020

We are just a few days away from 2020, and naturally, everyone is curious to understand how the real estate market in the US will turn up in the coming year. With the real estate industry taking up a considerable […]

  • December 26, 2019
  • admin@ohi
Reports Every Property Management Company Should Provide

Reports Every Property Management Company Should Provide

How’s my property doing? That the most important question that every property owner needs answers to. From day-to-day issues, financial performance, occupancy rates, marketing strategies to regular maintenance – you need information on every aspect. Sounds scary? Well, you don’t […]

  • November 25, 2019
  • admin@ohi
HUD Multifamily Housing Programs

HUD Multifamily Housing Programs

With real estate prices escalating day by day, affordable housing and quality housing is hard to come by. The U.S. Department of Housing and Urban Development or HUD launched the multifamily subsidized housing to ensure that the low to middle […]

  • October 14, 2019
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Real Estate Accountant Job Description, Duties and Requirements [Infographic]

Real Estate Accountant Job Description, Duties and Requirements [Infographic]

Real estate accounting or real estate property accounting requires strong acumen to process, track, and record the day to day transactions due to revenue recognition being more complex when compared to any other business. Hence, it requires a duly qualified […]

  • July 17, 2019
  • admin@ohi
Get the Most out of Your Real Estate Investment

Get the Most out of Your Real Estate Investment

Before you step into the real estate domain and want to find out if you’re getting the best bang for your buck, you need to understand where the market is headed in 2019. According to the US Housing market forecast […]

  • February 12, 2019
  • admin@ohi
The Smart Real Estate Moves for 2019

The Smart Real Estate Moves for 2019

If you are a prospective or an existing investor in real estate, then you need to understand the evolving trends in the supply chain management as well as residential housing requirements. The age-old trends like homes with backyards as well […]

  • December 18, 2018
  • admin@ohi
Tips for Dealing with Difficult Renters

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 […]

  • October 23, 2018
  • admin@ohi
Hiring a Property Management Company

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 […]

  • October 4, 2018
  • admin@ohi
Accrual Accounting- The Perfect Way of Managing Multifamily Accounting

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 of the company. Which in turn aids in making insightful business decisions with clearly-devised […]

  • September 27, 2018
  • admin@ohi
Get to Know About Record Keeping for Landlords!

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, […]

  • September 21, 2018
  • admin@ohi
Section 8 – Affordable Housing for Low-Income Household

Section 8 – Affordable Housing for Low-Income Household

Section 8 or Housing Choice Vouchers Program arranges for affordable housing for low-income citizens of the U.S., including the disabled and the elderly. The assistance comes in the form of subsidized monthly rental fee in any apartment located in the […]

  • August 16, 2018
  • admin@ohi
Integrating Multifamily Accounting to Cope with the Projected Growth

Integrating Multifamily Accounting to Cope with the Projected Growth

In recent years, multiple apartments have been built, holding millions of residents. As a result, there has been a marked escalation in the growth of units. The current growth of portfolios are already impacting the accounting systems, and the future will […]

  • July 26, 2018
  • admin@ohi
Making the Most of your Maintenance Team

Making the Most of your Maintenance Team

Property management maintenance involves ensuring proper functionality of the equipment fitted across the property so as to be useful to the end-user for a longer period of time. The responsibility for this is delegated to the maintenance team. The maintenance […]

  • July 24, 2018
  • admin@ohi
Seven Advantages of Cloud Computing in Real Estate

Seven Advantages of Cloud Computing in Real Estate

Cloud Computing has been revolutionizing every industry, and the real estate sector is no exception. Cloud services can be used for marketing, property management and customer relationship management. By storing all the customer data in the cloud, it can be […]

  • July 3, 2018
  • admin@ohi
What Should a Good Real Estate Dashboard Cover?

What Should a Good Real Estate Dashboard Cover?

With an overall increase of 6.5 percent in U.S. housing stock in 2017 alone, the last couple of years have been robust for real estate market of USA. Keeping up with the trend, real estate developers and firms are leaving […]

  • June 12, 2018
  • admin@ohi
An Introduction to HUD Programs for Multifamily Housing

An Introduction to HUD Programs for Multifamily Housing

The U.S. Department of Housing and Urban Development (HUD) is a government agency, established in 1965 to support the development of communities and ownership of a home. Through its housing programs, HUD provides affordable opportunities for home ownership, increases rental […]

  • May 18, 2018
  • admin@ohi
Job Duties and Educational Requirements of a Property Accountant [Infographic]

Job Duties and Educational Requirements of a Property Accountant [Infographic]

People find accounting to be a really stressful job. Guess what? It really is! Accounting has to be done carefully – be it property accounting or accounting for a business firm, even if it seems like a mundane task. A […]

  • May 15, 2018
  • admin@ohi
Job Duties of an Assistant Controller in a Real Estate Firm

Job Duties of an Assistant Controller in a Real Estate Firm

What is a controller in real estate? An Assistant Controller is a position that is typically filled by a qualified accountant or auditor who assists the controller in carrying out their duties. Assistant Controller or property management controller is responsible […]

  • May 10, 2018
  • admin@ohi
Job Duties and Educational Requirements of a Senior Property Accountant

Job Duties and Educational Requirements of a Senior Property Accountant

You need a property accountant in the finance department if you are working in real estate sector. When it comes to a senior property accountant, they need to have significant experience and formal education as they have to take care […]

  • May 7, 2018
  • admin@ohi
Should Real Estate Firms Outsource Their Accounting

Should Real Estate Firms Outsource Their Accounting

Real Estate Accounting embraces or covers the accounting rules for any kind of real estate transactions that can be used to structure real estate deals appropriately. Real estate firms need to fully understand their current financial accounting, regulatory and compliance […]

  • April 2, 2018
  • admin@ohi
The Right Software for Real Estate Budgeting Process

The Right Software for Real Estate Budgeting Process

Handling real estate accounting across the spectrum is a demanding task, so it’s no surprise that real estate budgeting can also get quite complicated. Whether it’s asset management or corporate functions, the inner workings of a real estate company throw […]

  • March 23, 2018
  • admin@ohi
6 Financial Reports (Real Estate Reports) Your Property Manager Should Provide

6 Financial Reports (Real Estate Reports) Your Property Manager Should Provide

Financial Reports /Real Estate Reports are also known as Financial Statements and can be defined as the formal record of the financial activities of a business entity or a firm. Financial statements are also the records of an individual involved […]

  • February 13, 2018
  • admin@ohi
Bookkeeping Basics for Successful Property Accounting

Bookkeeping Basics for Successful Property Accounting

The base of your solid property accounting business depends mainly upon two major factors namely, your property management bookkeeping practices as well as the growth of your workforce. In a regular business routine, borrowing money and/or assets are a part […]

  • February 9, 2018
  • admin@ohi
Best Accounting Practices for a Real Estate Company

Best Accounting Practices for a Real Estate Company

Accounting practices can be defined as financial activities of organizations or companies recorded on a daily basis. In case of real estate firm, real estate accounting practices involve the implementation of accounting policies concerned with a real estate firm involving […]

  • January 9, 2018
  • admin@ohi
Real Estate Accounting with QuickBooks

Real Estate Accounting with QuickBooks

Running a real estate is no cakewalk. There are a number of challenges that a real estate enterprise has to face from time to time whether in managing clients or handling rents, a real estate agent has to keep himself […]

  • January 5, 2018
  • admin@ohi
Common Tenant Complaints and How to Handle Them

Common Tenant Complaints and How to Handle Them

Are you working in a property management service? It is certainly a tough job since it is your responsibility to solve all tenant complaints regarding the house. Handling tenant complaints in a right way are important since it helps you […]

  • January 2, 2018
  • admin@ohi
Benefits of Using a Property Management Company?

Benefits of Using a Property Management Company?

Renting out a property is helpful in earning money on your property. It is also beneficial when it comes to the maintenance and safety of the place. It is only when you face legal issues, tenant problems, etc., that you […]

  • December 20, 2017
  • admin@ohi
How to Prepare for Move In Move Out

How to Prepare for Move In Move Out

There are numerous pointers to take care of while moving out or into a new property. The sheer stress involved in the process might make you miss out on important checks. Hence, it is always advisable to get some external […]

  • December 18, 2017
  • admin@ohi
When and How to Outsource Real Estate Accounting for Your Firm?

When and How to Outsource Real Estate Accounting for Your Firm?

Real Estate Accounting – Why Outsourcing In the present business scenario, cost-cutting is being given due emphasis by companies or firms globally. Real estate industry not an exception in this regard. Real estate accounting as such is a specialized task […]

  • December 6, 2017
  • admin@ohi
Real Estate Accounting Outsourcing Services

Real Estate Accounting Outsourcing Services

As an industry sector, the real estate is greatly exposed to market fluctuations. Therefore, it is vital for companies working within the industry to maintain a high level of productivity while also look for a better cost efficient solution. Outsourcing […]

  • June 6, 2017
  • admin@ohi
Work Order Management

Work Order Management

What is Work order Management? In a nutshell, work order management is all about keeping track of all the work orders received and people managing it, the processes and maintenance technicians working on it. The maintenance work order software increases […]

  • March 17, 2017
  • admin@ohi
Property Management Accounting Outsourcing Services

Property Management Accounting Outsourcing Services

Accounting outsourcing is not new and over the years businesses have realized the importance of outsourcing. Outsourcing provides a cost-effective solution and saves time and resources – the major assets any property management company can have, whether you are a […]

  • February 10, 2017
  • admin@ohi
Summary Note on 1031 Exchanges

Summary Note on 1031 Exchanges

Introduction to 1031 Exchanges Section 1031 of IRS code is the basis for tax-deferred exchanges, therefore it has been abbreviated as “1031 Exchanges”. Taxpayers who want to reinvest from sale of property never have to pay income taxes if they […]

  • December 21, 2016
  • admin@ohi

Certificates And Memberships