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How do license plate readers work in condominium buildings?

Condo Control

That being said, license plate readers can be effective access control solutions in condominium parking garages. Table of contents How do automated license plate readers work How are LPR systems used in condo buildings? If you’ve ever driven on a toll road, you will have encountered a license plate reader (LPR) system.

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Best practices for expanding your property management portfolio into new markets

Buildium

The most successful property managers aren’t just overseeing properties—they’re expanding. Understanding the Benefits of Expanding Your Property Management Portfolio Expanding your portfolio comes with real advantages. If commercial real estate rents dip, your residential properties can buoy you up (and vice versa).

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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. It maintains consistency.

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(10 Ways!) How to Find Out Who Owns a Property

Bay Property Management Group

These days, it’s easy to feel like it doesn’t really matter who owns the property you’re renting. After all, you deal with agents and property managers for everything, right? But here’s the thing—knowing how to find out who owns a property can save you from lots of potential stress down the road. recommends these methods: 1.

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How property managers can expand their business by acquiring other property management companies

Buildium

Growing a property management company traditionally means building a strong local reputation, gradually attracting new clients, and expanding door count over time. Many property managers today are choosing another way to grow: acquiring other property management companies. Why Acquire Another Property Management Company?

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Accounting software for apartment management: What property managers need to know

Buildium

Apartment property managers handle a web of revenue, expenses, vendor payments, owner communication, and regulatory requirements. Platforms such as QuickBooks work in limited cases, but they lack the structure for property-specific workflows. Look for tools that categorize expenses by property , unit, vendor, and task type.

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What Does a Leasing Agent Do? Basics You Need to Know

Bay Property Management Group

Managing a rental property comes with more work than most people expect—advertising vacancies, answering calls, showing units, and sorting out lease paperwork. A leasing agent is the person who helps landlords rent out their properties, such as houses, apartments, or even commercial spaces like offices or retail stores. Let’s find out.