Property management accounting basics: The definitive guide
Buildium
NOVEMBER 8, 2024
Learn the basics of property management accounting, including every step of setting up a property management accounting system.
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Buildium
NOVEMBER 8, 2024
Learn the basics of property management accounting, including every step of setting up a property management accounting system.
Buildium
MAY 29, 2025
The property management world changes quickly as technology moves forward. Keeping up means learning about the latest proptech trends shaping how we manage, lease, maintain properties, and engage tenants. It focuses on fresh ideas and innovations that will reshape property management.
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Buildium
MAY 21, 2025
Since one of the core responsibilities of a property manager is to manage an owner’s assets, income, and expenses, youre constantly dealing with accounting whether you like it or not. Theres a lot of liability to bad accounting, especially for a property management company, says Brandon Hall, The Real Estate CPA.
Buildium
FEBRUARY 14, 2025
Heading into 2025, portfolio growth was at the top of property management companies list of priorities for the seventh year straight. In Buildiums most recent survey , 91% of third-party property management companies told us that they expect to grow their portfolios in the two years to come.
Buildium
JANUARY 21, 2025
Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. Factors Impacting Property Management Companies Profitability So, whats going on here? First: Leasing has become less profitable, with renters moving less often than they have in previous years.
Buildium
MARCH 19, 2025
Understanding Rental Income The first step in getting a handle on tax accounting for rental property is understanding exactly what counts as rental income and expenses. Heres a quick breakdown of those definitions. Operating Expenses Operating expenses are the costs of maintaining and managing your rental property.
Yardi Breeze
JUNE 6, 2025
As a property manager, your time is precious. These stellar property management blogs cover a range of topics and sectors. These stellar property management blogs cover a range of topics and sectors. 5 property management industry blogs we really like GlobeSt.
Yardi Breeze
MAY 15, 2025
With so many property management associations holding their own events, it can be hard to know which ones are worth your time. We’ve put together a definitive list of the most popular national property management conferences to help you level up your management skills.
Yardi Breeze
FEBRUARY 11, 2025
If youre trying to get better at AI tools like ChatGPT , youve probably already seen your share of explanations, descriptions, definitions and guides on the importance of artificial intelligence (AI). Where to use AI in property management The great thing about AI is that if you can use it for one application, you can use it for many.
Bay Property Management Group
JUNE 10, 2025
That’s one question countless people have asked our property management experts. As property managers in Washington, D.C. , Dens can definitely increase the rent or overall value of an apartment. Developers are definitely picking up on the growing demand for flexible living spaces. It absolutely can.
American Apartment Owners Association
JANUARY 27, 2025
Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Property management Consider the management demands of the property and whether you have the time and energy to deal with them yourself.
American Apartment Owners Association
FEBRUARY 10, 2025
Definition and Types of Assistance Animals Assistance animals are prescribed by healthcare professionals and are essential for individuals with disabilities. These pets provide the necessary support that eases symptoms and enhances daily functionality.
Rental Housing Journal
JANUARY 27, 2025
1 The preventative methods for tenants and frozen pipes There are several things that property managers should do to prevent pipes from freezing in their rentals. About Keepe: Keepe is an on-demand maintenance solution for property managers and independent landlords.
Bay Property Management Group
DECEMBER 23, 2024
Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. Lets dive in!
Bay Property Management Group
MAY 16, 2025
Search Smarter: Use reliable sites and property managers to avoid outdated listings. And trust us any reliable property management company in Northern Virginia will tell you the same thing. Heres how to check yours (and yes, its definitely doable even for free): Use free credit report sites.
BetterWho
SEPTEMBER 21, 2024
As a property management company owner, the recent NAR lawsuit might have you questioning your next moves. This isn’t just another headline; it’s a game changer for how we manage properties and comply with new regulations. That means vacancies will be harder to fill.
American Apartment Owners Association
FEBRUARY 6, 2025
Whichever dcor you choose, tiny homes by definition are less expensive to build and decorate, making it easier to afford higher quality furnishings and hardware. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.
Bay Property Management Group
MARCH 28, 2025
Landlords and property managers use them to decide who gets approved, but what exactly are they looking for? As one of the most experienced rental property management in Baltimore , we can tell you for sure that background checks are a big deal for landlords. appeared first on Bay Property Management Group.
Real Property Management Chicago
JUNE 4, 2021
To provide a sense of security for your tenants, you have the crucial task of carefully preparing your property to make it liveable. This may include getting insurance for your property as well as doing routine maintenance and repairs. Comprehensive property assessments are being offered by Real Property Management Chicago Group.
Bay Property Management Group
APRIL 23, 2025
As property management in Northern Virginia , we can tell you that a duplex is basically one building thats been split into two separate homes. These are the reasons why we believe so as a property management company: Two Rental Incomes in One Building: Remember how we said a duplex is like having two apartments under one roof?
Bay Property Management Group
JANUARY 27, 2025
Before our property management company in Washington, D.C. Now that we know what the definition of a credit score is, let’s now deal with what credit score you need to rent an apartment. Because of that, landlords and property managers put a lot of stake into your income status. What Is a Credit Score?
Bay Property Management Group
APRIL 8, 2025
As a property management company in Washington, D.C., in the eyes of the law, anyone paying to live in a property is considered a tenant. You don’t have definitive proof of who is right. At Bay Property Management Group, we can help you arrange airtight written leases, with all the extra protection they provide.
Bay Property Management Group
FEBRUARY 13, 2025
Luckily, our property managers in Philadelphia can help make sure everyone understands this fundamental component of the rental experience. That could be construed as property damage. So, although accidents happen, you should address them promptly to the landlord or property manager to avoid further complications.
Bay Property Management Group
APRIL 2, 2025
As our rental property management in Northern Virginia can tell you, phrogging is a real problem. Phrogging (pronounced as frogging ) happens when someone trespasses onto your property and hides out on it. In that case, it’s definitely important to check out the attics, basements, and even empty units. Absolutely.
Bay Property Management Group
FEBRUARY 18, 2025
In particular, landlords and property management in Northern Virginia tend to include the following utilities, specifically: Water Most rentals that include utilities include water in the rent. Disadvantages of Utilities-Included Rentals Having utilities bundled with rent is definitely convenient.
Bay Property Management Group
APRIL 11, 2025
As trusted property managers in Washington, D.C. , You definitely dont want to end up on the wrong side of a leaseor the law in that matter. At Bay Property Management Group, we help take the guesswork out of renting. appeared first on Bay Property Management Group. What is a Co-Applicant?
Bay Property Management Group
APRIL 3, 2025
Of course, it’s always a best practice to consult a lawyer to get their definitive opinion. In the meantime, our expert property management team acts as a go-between for landlords and tenants alike so that all parties understand their lease from the get-go–and how to comply with it the right way.
Bay Property Management Group
JANUARY 29, 2025
How to Verify If Utilities Are Included in Rent on Your Lease To verify if utilities are included in your rent, there’s one definitive place you should look: your lease. As property managers in Philadelphia , we know it’s critical for making sure you’re fully informed about which utilities are included in your rental.
Real Property Management California Coast
DECEMBER 20, 2024
Effective financial planning is the pillar of any successful property management business. It enables property managers to earnestly observe their incomes, expenses, and profitability and discover opportunities for future growth and stability.
Bay Property Management Group
APRIL 22, 2025
property management isnt just about fixing leaky tapsits knowing whether you can legally rent out that little unit in your backyard without breaking any rules. In the meantime, if you want to learn more about how you can make your property management easier, we’re here to help. In places like Washington D.C.,
Rentals United
JUNE 4, 2025
The Rentals United Worlds Top 50 Property Managers is our annual ranking of the largest most industry-redefining vacation rental companies worldwide. The top 50 is the definitive ranking of the largest short-term rental property managers in the world by number of properties, compiled and published annually by Rentals United.
Bay Property Management Group
APRIL 28, 2025
Definition & Features: A loft is an open apartment with high ceilings, large windows, and minimal walls, often in repurposed industrial buildings. If youve ever asked yourself what a loft is , our property management in Baltimore can tell you the answer lies in its standout features. Thinking about loft living?
Bay Property Management Group
MAY 9, 2025
The best choice depends on your financial goals and how involved you want to be in property management. Pros of Investing in Apartments In our work as part of property management companies in Washington, D.C., So, that’s definitely something to keep in mind. appeared first on Bay Property Management Group.
Bay Property Management Group
MAY 13, 2025
And if youve had tenant complaints or noticed ants becoming a recurring problem, it might help to see how property management companies in Washington, D.C. It doesnt kill them, but it definitely can drive them away. Meanwhile, at Bay Property Management Group, we focus on the details even the tiny, six-legged ones.
Yardi Breeze
MARCH 26, 2025
Why BOMA stands out Interviewer : What makes BOMA stand out in commercial property management? Our programs, editorial content, products and services are informed by the collective knowledge of our members, all of whom are leaders in property management. The demand for skilled property managers has grown.
Real Property Management California Coast
JANUARY 10, 2025
Data analytics has become a powerful tool for rental property managers and owners committed to make informed decisions in today’s evolving rental market. All of these are indispensable in improving the value and profitability of rental properties.
BetterWho
MAY 20, 2025
What Property Maintenance Really Means When people search for “what is property maintenance,” theyre usually looking for a basic definition: fixing things when they break, scheduling inspections, or coordinating vendors. But for property managers trying to scale , that definition barely scratches the surface.
Bay Property Management Group
MARCH 18, 2025
Whether youre buying your first home or working with property managers in Washington DC on a current one, you can get the best deal possible if you know exactly what goes into mortgage rates. Your Personal Financial Profile: While the economy definitely affects mortgage rates, your finances matter, too.
Bay Property Management Group
APRIL 4, 2025
As a property management company in Philadelphia , we often refer to these as land leases because only the land is being leased, not any buildings on it. Its definitely a risk for the landlord, but theyre usually willing to take that chanceespecially if the project has the potential to really boost the value of their land.
Real Property Management Chicago
JANUARY 23, 2025
Many property managers distinguish that they need to work straightaway when a resident calls with an emergency maintenance request. This is one of the toughest scenarios that property owners face since some problems, even those that cause irritation or discomfort, are not true emergencies.
Rentals United
APRIL 30, 2025
More and more travelers opt for vacation rentals over hotels, and high-net-worth guests are looking for outstanding stays in one-of-a-kind properties where every aspect of the experience is tailored to suit their desires. What defines a vacation rental property as luxury? Exclusivity At the heart of luxury lies exclusivity.
Real Property Management Choice
MAY 29, 2025
At Real Property Management Choice, weve been hyper-focused on avoiding vacancy because we know how unnecessary it is. Of course you want to price your property for profitability. Its a balancing act, and a property management company with good data can be your secret weapon when it comes to pricing in a way that avoids vacancy.
Bay Property Management Group
DECEMBER 2, 2024
According to our Baltimore property management company , your landlord will typically have 24 hours to address critical issues. Additionally, if you caused said damage, your landlord is most definitely not on the hook for it. You can choose a home with a tenant-friendly property manager.
American Apartment Owners Association
DECEMBER 2, 2024
Sort your possessions into three separate groups: stuff that is just worn out or useless, good-condition items that might help others, and definitely needed basics. Does it serve a real need or make you happy? Think about either an internet or a conventional yard sale for selling prized goods.
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