Sun.Dec 08, 2024

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Mastering Book Closure and Auditing: Expert Practices for Housing Societies

ADDA

Effective financial management is the backbone of housing societies and apartment associations. Accurate bookkeeping and auditing not only ensure financial stability but also foster trust and transparency among members. This comprehensive guide outlines expert practices for book closure and auditing while showcasing how ADDA, the #1 SaaS platform for housing societies, simplifies these crucial processes.

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Can You Cancel a Lease? Here’s Everything You Need to Know

Bay Property Management Group

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. In this article, we walk you through everything you need to know about lease cancellation, as well as how to avoid potential pitfalls.

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Driving success together: Property Management Partners spotlight

PropertyMe

In the fast-paced world of property management, it takes more than just know-how to stay ahead it takes the right support, innovative tools and a team that truly gets it. Thats where Property Management Partners (PMP) steps in. Known as Australias go-to for onshore outsourcing and consultancy, PMP is all about empowering Property Managers […] The post Driving success together: Property Management Partners spotlight appeared first on PropertyMe.

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Advantages of property management systems in residential real estate

MRI Software

Managing multifamily properties can be a daunting task, but technology is changing the game. Property management systems (PMS) have become essential tools for landlords and property managers. In fact, according to a survey by Software Advice , 53% of property managers report that using a PMS has reduced their operating costs, proving that these systems arent just convenienttheyre transformative.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Understanding Occupancy Cost in Short-Term Rentals

Host Tools

For short-term rental hosts and property managers , running a rental can be both exciting and lucrative. Yet, with great returns come responsibilities, especially when it comes to managing occupancy costs. A clear understanding of these costs is crucial for maintaining profitability and ensuring your hard work pays off. This blog will break down what occupancy costs are, why they matter, and how to calculate and manage them to optimize your rental propertys financial performance.

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The memes every Property Manager was laughing at in 2024

PropertyMe

2024 felt like a heavy year for many, which created an anxious and serious tone for avid social media and news scrollers. We were pleased to provide a corner of refuge from the scary headlines with our memes and feel-good posts. Did you know that 74% of social media users send memes to make others […] The post The memes every Property Manager was laughing at in 2024 appeared first on PropertyMe.

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How to analyze and underwrite a multifamily property deal like a pro

MRI Software

Multifamily real estate offers significant potential for investors, but mastering the underwriting process is key. Understanding how to underwrite a multifamily deal helps you evaluate opportunities effectively and avoid costly mistakes. By analyzing the right metrics, you can confidently assess whether a property will generate the returns you need.

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How to prepare your multifamily property for storm season

MRI Software

Storms are becoming more frequent and more severe, with hurricanes alone causing an average of $22.8 billion in damages per event in the United States. For multifamily property owners, storm season can be especially challenging, as one extreme weather event can cause widespread damage, disrupt operations, and jeopardize tenant safety. The stakes are high, but with the right preparation, you can protect your property and avoid costly setbacks.