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Mind the GAAP: GAAP accounting 101 for property managers

Buildium

While many property managers dont have accounting backgrounds, managing their organizations financial reporting is still on nearly every PMs to-do list. If you have been tasked with handling accounting tasks for your property management company, its a good idea to keep GAAP accounting principles in mind.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

Californias balcony inspection laws, SB721 and SB326 , are reshaping how property owners and HOAs approach building safety. The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Increased Liability: In the event of an accident, legal exposure skyrockets. Why Choose DrBalcony?

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When to Consider Hiring a Professional Property Manager

AirKeeper

Whether you’re self-managing or working with a property manager who isnt delivering, there are signs that it might be time for a change. A professional property manager can relieve the pressure, boost your returns, and help you enjoy the benefits of your investment without the daily stress.

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Why you should use the Activity Feed to take notes in Yardi Breeze

Yardi Breeze

Did you know Yardi Breeze features a notetaking tool that helps you track unexpected events? How to find the Activity Feed Simply select any owner, property, tenant or vendor in your portfolio. Rent payment plans are easy to track by property and by tenant, so they dont need to be entered. Its called the Activity Feed.

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HOA Summer Preparation Checklist: Getting Ready For Warmer Months

HOA Managememt

Having licensed professionals assess your property can save the community money in the long run. From reminders about pet policies and noise restrictions to announcements for community events and facility hours, staying in touch is crucial. Even a casual gathering can boost morale.

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Are Pet Deposits Refundable? What You Need to Know

Bay Property Management Group

Thats why landlords often ask for pet depositsto protect their property in the event Fido goes a little too far. O ur residential property management in Northern Virginia will break it down for you. notifying the landlord about your pet and paying all fees), that means you’ve minimized any damage to the property.

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Can You Remodel a Condo in Philadelphia?

Bay Property Management Group

Restrictions may apply to major structural changes, shared plumbing/electrical systems, and historically significant properties. Your licensed general contractor will handle filings, so submitting paperwork early can prevent project delays. In most cases, your licensed general contractor will handle this part for you.