Why do Property Managers Procrastinate? There's another kind of plague that's hit rental management businesses for many years now. It's called kicking the technology can down the road. It's what managers do when the time just doesn't seem ideal to upgrade their IT, accounting practices, or how they do business. Yet, leveraging technology (as our…
A Closer Look at Expenses on Profit & Loss Statements In a previous article, we talked about how revenue and vacancy losses impact property financial performance. While it’s essential to maximize rental income, it’s equally important to track how money spent on each line item and identify alternatives to generate cost savings. If you’re a…
Keeping Track of Income and Expenses Should be Easy As a property manager or landlord, you have things to buy, places to travel to, repairs to make, supplies to buy, and bills to pay along with processing incoming rent payments and deposits. All those bills, receipts, and other paper documents are likely creating significant time…
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