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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 options that are safe and affordable, reduces the homelessness, and ensures equal housing opportunity to […]

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Job Duties and Educational Requirements of a Property Accountant

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 person well-versed in accounting is well-off in handling this job. A Property Accountant is a […]

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Job Duties of an Assistant Controller in a Real Estate Firm

The main responsibility of an assistant controller appointed in the finance department of a real estate firm is helping the controller with various accounting tasks. They work under the supervision of a financial controller and should possess a set of strong analytical, technology, communication, and organizational skills. A relevant accounting or finance educational background is […]

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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 of the financial aspects of commercial, industrial as well as residential properties. Job Duties of […]

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Tips and Tricks to Make Your Accounting Less Stressful

Accounting for real estate business is altogether different than accounting for any other business because it requires complicated entries in the accounting ledgers. It is simply not a convolution of credit and debit transactions but perhaps more than that. In this article, we have compiled a list of tricks and techniques to make your accounting […]

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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 reporting requirements when dealing with different types of real estate transactions. It is therefore essential […]

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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 up a lot of numbers which need to be crunched. However, the good news is […]

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Top 6 Tips for CAM Reconciliation

Common Area Maintenance (CAM) reconciliations can prove to be nerve-straining for you as property owner or manager if done erratically.¬†We know how real estate accounting can turn out to be a tricky task if not religiously done on time. To steer clear of any inconveniences or error potential, we have always adhered to certain rules […]

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1099 MISC Tax Requirements for Property Managers

Property Managers are required to report rents collected on behalf of their property owners as part of their rental property accounting and therefore the natural question that arises is the need for the filing of form 1099 MISC for their owners. According to the instructions for Form 1099 MISC payments of rent to real estate […]

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Best Accounting Practices for Property Management Firms

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 a tedious task to undergo. As we know that real estate- sales and purchase are all […]

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