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Summary Note on 1031 Exchanges

Introduction to 1031 Exchanges Section 1031 of IRS code is the basis for tax-deferred exchanges, therefore it has been abbreviated as “1031 Exchanges”. Taxpayers who want to reinvest from sale of property never have to pay income taxes if they intend to reinvest the proceeds in similar kind of property. 1031 Exchange means there must […]

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A Comparison of the best Commercial Property Management Software’s

Commercial property management requirements are different from residential properties whether it is office space, retail or industrial. Good commercial software should be able to create detailed financial projections and budgets, to auto calculate rent increases, to create recurring charges, to calculate expense recoveries and common area management (CAM) charges and to perform reconciliations. Common features […]

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Property Management Accounting Software: The Benefits

There has been a significant rise in the use of several web-based property management software customized to suit specific business needs of the industry. This allows business owners and employees a number of features that the more generic accounting systems do not. In addition to the standard financial reporting and payroll, these programs allow you […]

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The Pros: Property Management Accounting

While many associate salesmanship, marketing, industry knowledge and good communication skills with property management, accounting is the last thing that comes to mind. However, property management accounting is a significant part of the day to day running of a property management firm. Overseeing the day to day account operations of commercial or residential property building […]

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Real Estate Accounting: An Overview

Real estate development is a risky business. Conceiving the plan for the project, calculating variables, closing the deals and managing stakeholders and clientele are all resource intensive and time consuming aspects of this business and this only covers the day to day operations. Achieving business growth and profit is a whole different matter. Effective operational […]

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