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Top Accounting Mistakes in Real Estate Industry [Infographic]

Real estate accounting is the backbone of the real estate industry. Real estate entities need to fully understand their current financial accounting, regulatory and compliance reporting requirements. This level of awareness helps in reducing the inherent risks of various transactions as well as their overall business operations. It also enables these entities to be in […]

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What You Should Know About the Triple Net Leases

If you’re a landlord, you must be wondering what would be your best option when it comes to leases in order to optimize returns. It should have the least hassles when it comes to expenses and long-term steady flow of income. Is there a lease that would fit your bill perfectly? Of course, it’s called […]

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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 take care of multiple transactions. But, we still need bookkeeping and accounting to achieve organized […]

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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 sheets, and no investor can be great at what they do without knowing it like […]

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Critical Commercial Lease Terms That You Should Know

Renting a commercial zone is a monumental duty as the chances of triumph or failure of your firm depends on the specified terms of the lease agreed upon by the corporate tenant. i.e. commercial lease terms. Before approaching a property owner, you must first understand how commercial leases operate and before signing your lease agreement, […]

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What Should a Monthly Property Management Report Cover?

Property owners expect a proper property management 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 reports need to consider the scope and objectives of the report. Who Needs a Property Management Report? Property management reports are needed by […]

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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 take your business to the next level is only half the battle won. You also […]

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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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