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

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Real Estate Outsourcing Accounting – Why and How?

To say that real estate outsourcing accounting is complicated would be an understatement. The large sums of money moving in and out while selling and investing in properties can be daunting. These numbers need to be handled efficiently and accurately to maximize profits and adhere to the legal regulations. Any oversight or error in accounting […]

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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 accounting landscape has made it difficult to determine whether a lease agreement is following regulations […]

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Real Estate Outsourcing Risks and How to Avoid Them [Infographic]

Real Estate Outsourcing is soon catching business trends. Small and medium real estate businesses exclusively stand to benefit from the inherent advantages of outsourcing. One of the most inherent advantages of this practice is that a business tends to incur efficient gains from a healthy and long-lasting competitive advantage. Right from outsourcing accounting to marketing […]

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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 owners are trying to figure out the best path forward for them. Irrespective of whether […]

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6 Practical Reasons Why You Should Outsource HOA Accounting

If you manage a homeowners association and intend to cut costs, you should consider outsourcing accounting to a professional financial services firm. Outsource HOA accounting is an economical solution that can save your association a large sum of money in the long run. Regardless of your HOA being self-managed, outsourcing your association’s finances to financial […]

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Understanding Homeowners Association Accounting – HOA Accounting

If you are a member on the board of an HOA, then HOA accounting becomes a financial obligation for you. You will need to take responsibility for the accuracy of the financial statements and reports of the association. HOA can be managed by a company, or be self-managed. How to Analyze HOA Financial Reports? As […]

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Why Lease Abstract Services Are Important for Effective Data Management

Getting lease abstract services helps you to get relevant data from a lease document. This is usually signed by both the tenant as well as the landlord. Furthermore, these services have gotten enough recognition during the present time. The better these services, the more efficient your data management will be. Now, let’s understand the basic […]

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CAM Audit: What is it and Why is it Important?

A business premise plays a vital role in an organization’s market survival, making its maintenance and management a pivotal practice. No matter your business scale, a business owner is always burdened with an abundance of responsibilities. From monitoring business funds, managing revenue to controlling the expenses, a business owner always has his hands full. As […]

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Your Guide to Building an Effective Lease Administration Process

Efficient lease administration process in any company aids the organization to achieve a scalable, streamlined and convenient processing of commercial real estate operations. It further helps in eliminating cost redundancy and unnecessary legal exposure. Unlike administration that merely deals with rent collection and lease obligation fulfillment, lease administration process can play a complex role in […]

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