PropertyManager.com

Financial Management Plan

Posted on 01. Sep, 2011 by Mary Girsch-Bock.

If you’re actively seeking new clients (and who isn’t) writing a solid management plan can go a long way towards signing that management contract. Multi-unit managers in particular have to show owners that they can do more than simply collect the rent and evict non-paying tenants.

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Choosing the Right Property Management Accounting Software

Posted on 12. May, 2011 by Mary Girsch-Bock.

Has your current property management software program been giving you more problems than solutions? If so, you may be ready to look for new property management accounting software. If you’re not sure what you need, take these suggestions under consideration.

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Property Management 1099 Cheat Sheet

Posted on 12. Jan, 2011 by Mary Girsch-Bock.

Even though the IRS has a thorough set of instructions available for 1099 processing, many people still find themselves unsure of who should receive a 1099, what the minimum amount is or when they need to mail the 1099’s by. So, I’ve made a list of suggestions that you can use as a cheat sheet, or as a refresher of the basic rules you should know to make property management 1099 processing quick and painless.

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Cash Versus Accrual Accounting – Which is Right for You?

Posted on 02. Dec, 2010 by Mary Girsch-Bock.

There are distinct differences between cash accounting and accrual accounting methods. When setting up your company for the first time, you’ll have to choose which of these accounting methods you will be using for recording accounting transactions.

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Bank Reconciliation Best Practices for Property Management

Posted on 05. Nov, 2010 by Mary Girsch-Bock.

I’ll admit that bank reconciliations are a pet peeve of mine. Not the bank reconciliations themselves, but the number of people who routinely toss them in the ‘to do’ pile, leaving them sit for a month – or three.

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Preparing Your Property Management Office for Year’s End

Posted on 07. Oct, 2010 by Mary Girsch-Bock.

Just a few short months ago, you were enjoying the hot summer sun. Suddenly it’s September, which means only one thing; the end of the year is rapidly approaching.

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Using Excel Instead of Property Management Software Is Risky Business

Posted on 30. Aug, 2010 by Mary Girsch-Bock.

It’s no secret that there are a lot of Excel users in the property management community. An outstanding spreadsheet program, Excel frequently plugs in the gaps commonly found in accounting programs. But there’s a group of property managers that may find themselves relying on Excel a little too much.

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Proper Use of Property Management Trust Accounts

Posted on 29. Jul, 2010 by Mary Girsch-Bock.

Misuse of trust accounts is the number one reason why property management companies are audited. That’s why it’s vital that the proper trust fund accounts are established as needed, and used properly. d

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Tap In to Tax Time: Providing Resources for Residents

Posted on 09. Feb, 2010 by Heather Blume.

It’s the start of the new year, so inevitably the thing in the forefront of everyone’s minds right now is the same: tax time! Okay, maybe not. When it comes to taxes, you’ve got basically two camps of people.

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Ditch That Rent Check: A World of Online Payment Options

Posted on 28. Jan, 2010 by Jim Semick.

Sure, the lowly check will be with us for a while. But that doesn’t mean that you can’t help send checks the way of the dodo bird. According to a Federal Reserve System study, check usage is in steep decline, and checks now represent only 30 percent of all non-cash payments. Electronic payments are now the clear winner with consumers.

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4 Year-End Property Management Accounting Best Practices (Nov. 19 Webinar Recap)

Posted on 03. Dec, 2009 by Aimee Miller.

In a recent webinar, we reviewed four accounting best practices property managers should be doing to close out 2009 and prepare for 2010. We talked through these best practices and demonstrated how to enact them using our web-based property management software but they are definitely applicable if you’re using a different type of software.

Below is the full recording of the webinar

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