Still Using QuickBooks for Rental Properties? A good number of landlords launch their rental property income business with simple management tools. QuickBooks® is one of the most popular entry level accounting software solutions, a much appreciated step up from spreadsheets. Yet for landlords and property managers growing beyond 50 properties, another big step up is…
Improve Your Property Management Accounting What's the big trend in accounting for property management in 2023? It has to be using a SaaS-based property accounting system to automate and avoid the common, disruptive mistakes in accounting that typically happen. The key idea today is that accounting is a vital business asset, which drives better performance,…
A Better Property Management Rent Roll If you're keenly interested in your property's cash flow, status, receivables, and more, then you're interested in keeping your portfolio primed and profitable. And property management companies need to be just as riveted to reports as you are. It's a key requirement of managers that they think more like…
13 Ways to Grow Property Revenue With government tax changes, eviction laws, and unemployment issues, landlords have a variety of revenue threats to deal with in 2023. Certainly, raising tenant's rent price isn't the only method to grow rent yields, yet too many landlords resist raising their house or apartment rents. With inflation and rising…
Tips for Hopeful Renters Continuing into 2023, the rental housing market vacancy rates are low. And while renters expect rent prices to fall, they aren't by much as yet. In fact, in some cities year over year rent growth in January was above 30%. The competition among renters is intense and will continue to be. …
Increase Profit Margins The purpose of any business including a property management business is to earn a good profit. It's the number one goal of property managers according to surveys and whether through efficiency, revenue increases or scaling up with new accounts, you'll find plenty of ways to make your business more profitable if you're…
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