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Mind the GAAP: GAAP accounting 101 for property managers

Buildium

If youre ever audited, you need to be able to back up your reporting with financial documentation. If your books are a mess and you cant do that, you could be fined, you could lose your license, and you could even go to jail. Is There Software to Make GAAP Accounting Easier?

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The Importance of Hiring and Working with Licensed Contractors

Bay Property Management Group

Working with licensed contractors is vital if you’re not very skilled in these areas. Today, we’re reviewing when to hire licensed contractors and why working with them is so important. Contents of This Article: Why Do You Need Licensed Contractors? Without a Licensed Professional How Can a Property Management Company Help?

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6 proven ways to prevent rental fraud at your multifamily properties

Yardi Breeze

Use advanced document authentication Documents can be hard to verify manually. Unless you are also a licensed private investigator and have all the time in the world, technology is your key to quickly and accurately make sure the documents provided to you by prospective renters are authentic. Cons : None!

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How Vendor Relationships Can Improve Your Property Management Operations

Real Property Management Evertrust

Whenever attainable, check with vendor past clients and local licensing boards. Documenting every discussion with the vendor, including phone calls, is also suggested. Maintaining everything clear and documented can help you control anticipations and avoid disagreements down the road.

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How to start and run a virtual property management company: The benefits, drawbacks, and what to know

Buildium

Use photo and video documentation. How to handle it: Use digital tools to track tasks, messages, documents, and responsibilities. Hold regular check-ins, and document all processes clearly. register your business, and get the proper licensing based on your state or local laws. Leasing only? Maintenance coordination?

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California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

Key Laws: SB 567 (Just Cause Eviction Expansion) Tightens the just-cause eviction standards, requiring landlords to provide stronger reasons and additional documentation. Inspections must be conducted by licensed engineers, architects, or building inspectors. Subsequent inspections must be conducted every six years.

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HOA Summer Preparation Checklist: Getting Ready For Warmer Months

HOA Managememt

HOA Summer Preparation: 11 Things to Do From maintenance works to managing financials and documents, here are 11 things that you need to include in your to-do list for the warmer months. Having licensed professionals assess your property can save the community money in the long run.