Author: balance
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Do Property Managers Need to Hire a Tax Professional?
Introduction As a property manager, you wear many hats. From tenant management and property maintenance to ensuring compliance with local regulations, your responsibilities are vast and varied. However, one area that can be particularly challenging is managing taxes. Tax laws can be complex and ever-changing, and the specifics can vary greatly depending on the nature…
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How Can Property Managers Track Business?
Effective Methods for Property Managers to Track Business Expenses for Tax Purposes How Can Property Managers Track Business Expenses for Tax Purposes? Introduction As a property manager, keeping track of your business expenses is essential not only for managing your day-to-day operations but also for ensuring that you’re fully prepared come tax season. Accurate expense…
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Why You Need Property Management Accounting Software Consulting
Managing a property is challenging enough without having to deal with the nuances of property management software. Did you know that you can hire consultants to help you master and implement software like Yardi and Appfolio? Property management accounting software consulting is your solution! It can provide the necessary expertise to streamline your tasks and…
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How to Open a Trust Account for Property Management
How to Open a Trust Account for Property Management: A Comprehensive Guide Managing property effectively requires meticulous attention to financial details, particularly when handling funds on behalf of clients. A trust account is a vital tool for property managers, ensuring transparency, accountability, and legal compliance. This guide will walk you through the process of opening…
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How Are Commercial Property Management Fees Calculated?
How Are Commercial Property Management Fees Calculated? A Detailed Breakdown Navigating the world of commercial property management can be complex, particularly when it comes to understanding the fees involved. Property management fees are a crucial aspect of the budget for any commercial property owner or investor. This guide will explain how these fees are calculated,…
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Understanding Yardi Real Estate Software for Real Estate Accounting Needs
Managing a real estate portfolio can feel overwhelming. You juggle tasks like marketing properties, managing tenants, and maintaining financial records. Suppose you had a tool to automate these tasks, streamline your operations, and save time. With more time, you can focus on growing your business. Yardi Real Estate Software offers this solution. Yardi is a…