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Property management accounting essentials: 6 must-have software features

Buildium

2: General Ledger Accounting Track your company financials with the same accuracy and efficiency that governs all other parts of your business. Bonus points if the accounting software you choose lets you accept rental applications and application fees online. #5: You can solve major headaches with this featuredont overlook it!

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HOA Candidate Qualifications: Not Everyone Can Run For Position

HOA Managememt

Usually, these qualifications are listed in governing documents. Collecting and reviewing applications: They would collect all necessary statements or forms submitted by interested individuals. Interviewing or vetting candidates: Some committees would evaluate applicants based on leadership experience or community involvement.

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Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

TDS on payments to contractors and professionals If a RWA pays a professional more than ₹30,000 or a contractor more than ₹30,000 (in one payment) or ₹1 lakh (in a year), TDS must be withheld under Sections 194C and 194J, respectively. What are the most common tax-related mistakes made by RWAs?

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HOA Meeting Minutes Mistakes: Bad Practices To Avoid

HOA Managememt

Here’s a bad example: “Board Member A said, ‘I dont trust that contractor,’ and Board Member B responded, ‘Thats ridiculous.’ ” Here’s the correct approach: “The board discussed concerns about the contractors performance and considered alternative options.”

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Average Rent In Northern Virginia: Costs & Fees Explained

Bay Property Management Group

So, many people in cities like Arlington, Fairfax, and Alexandria work for federal agencies or government contractors. Then, around October , government agencies and contractors often start new projects since the federal fiscal year begins. Economic Conditions As you can imagine, the Washington, D.C.

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Reducing Vacancy Rates in California: Proven Strategies

Real Property Management Choice

Overpricing may deter responsible applicants who could otherwise have been a perfect fit for your property. You dont have to spend time marketing to new tenants or screening new applications. You can put together a great list of vendors and contractors for when maintenance is needed. Leverage accurate data and analytics.

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6 Ways to elevate your FM team from support function to business partner

MRI Software

By implementing a data governance strategy, FM teams can gather, analyze, and leverage data to make informed decisions, and pave the way for effective use of AI technologies that can provide even greater insights. Technology integration also plays a major part and will become essential for sharing data across applications.