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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 United States. It is a primary program of the Federal Government. The residences are privately […]

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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. Key Ratios to Evaluate Real Estate Investments are: 1. Market Value Current market standards determine market value. As such, […]

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AppFolio Property Management Software Review

There are a number of property accounting software available in the market each with their own merits and demerits. Among all, we found that AppFolio Property Manager definitely has an edge when it comes to the following: – Functionality The AppFolio Property Manager is mobile friendly and enables to function freely on work orders and […]

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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 certainly have an even greater effect. By 2030, the demand for residential apartments could exceed […]

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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 team should follow certain ethics or conduct so as to prove useful for the residents. […]

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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 accessible from anywhere. Features like data-mining, shared storage and remote access not only save money, […]

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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 no stone unturned to completely revamp their management systems either through ongoing tracking of portfolio […]

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Yardi Systems – An Overview

Yardi Systems is a leading provider of high-performance software solutions for real estate sector essentially in real estate accounting and property management accounting/property accounting. Yardi Products – Types Yardi’s Systems Inc has grown as a Multinational Corporation in the field of property management accounting software services with its flagship products that include – Voyager Genesis […]

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A Deep Dive into Outsourced Real Estate Accounting – Month End Closing Process Snapshot

Client Type Multi-family Residential/Student Housing Accounting Software Yardi (Genesis and Voyager), Appfolio, MRI Accounting System Accrual Based Accounting with PO based AP System. AP processed at site level with utilities being processed at OHI end. The same process with some minor changes would be valid if AP is also processed at OHI end. Move-Ins and […]

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A Deep Dive into Outsourced Real Estate Accounting – Accounts Payable Process Snapshot

Client Type Multi-family Residential Accounting Software Yardi Voyager Accounting System AP is being performed in Yardi PAYscan environment with pre-set work-f-lows governing the movement of invoices across operations and accounting. The invoices are scanned into PAYscan manager by Yardi. Purchase orders are also created in Voyager by the site managers. Weekly Check-runs are being run […]

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