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

Client Type Multi-family Residential with Section 8 Rent Tenants Accounting Software Yardi (Genesis) Accounting System Leases maintained in Yardi, Move-Ins and Move-Outs happen through the month and Yardi CheckScan used for receiving tenant payments. Key Activities Done Move-Ins (Set-up of leases), Move-outs, Security Deposit Refunds, Monthly Rent Run, Late Fees, Rent Receipting across different payment […]

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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 asset on rent for a residential or commercial purpose. Obviously, the target is to get rent at the end of the month. They often create and manage rent role that […]

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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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