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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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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. Define your objectives clearly.

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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. You should also find and collaborate with vendors who are familiar with the unique needs of rental properties and may be prepared to give preferential pricing for repeat business. Always maintain your communication professional, on time, and clear.

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How to Start a Property Management Company

BetterWho

Most guides will tell you to register an LLC, get licensed, and open a bank account. At BetterWho, weve helped dozens of property management entrepreneurs stop being the bottleneck and start building something real with systems, team structure, and strategy from day one. Niche down early, expand later. Thats fine.

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

Buildium

In a post-pandemic, tech-enabled world, the term virtual property management company has moved from experimental concept to a proven business model. What Is a Virtual Property Management Company? Others are solo operators managing a tight, streamlined portfolio from anywhere with Wi-Fi.

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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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Meet Stephanie Smith, Director of Property Management for BMG Austin

Bay Property Management Group

At Bay Property Management Group, we are committed to providing exceptional property management services while fostering a culture of growth and teamwork. In this months Employee Spotlight, we are excited to introduce Stephanie Smith, Director of Property Management for our Austin office.