Category: Blog
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Why You Should Hire a Commercial Property Management Consultant
In the complex world of commercial real estate, managing properties effectively requires a unique blend of financial expertise, operational know-how, and strategic insight. This is where a commercial property management consultant comes in. A commercial property management consultant can be a game-changer for property owners, real estate investors, or property management firms looking to optimize…
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Commercial Property Management Accounting: Best Practices and Key Insights
Managing the financial side of commercial property can be incredibly complex, given the variety of transactions, financial obligations, and compliance requirements involved. Commercial property management accounting is a specialized area of accounting that helps property managers keep track of income, expenses, taxes, and other financial details related to properties.
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How to Open a Trust Account for Property Management: A Step-by-Step Guide
Opening a trust account for property management is a critical step to ensuring that the financial dealings between property managers and their clients are handled securely, transparently, and legally. Trust accounts provide a safe way to separate client funds—such as security deposits, rent, or maintenance reserves—from the property manager’s personal or business finances.
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Yardi Voyager Consulting: Find the Right Property Audit Solutions for Your Needs
Managing real estate portfolios, whether for residential, commercial, or mixed-use properties, requires robust software solutions to ensure efficient operations, accurate financial tracking, and regulatory compliance. Yardi Voyager, a comprehensive property management and accounting platform, is a popular choice for real estate professionals seeking an all-in-one solution. However, to fully harness the power of Yardi Voyager…
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Ways to Grow Your Property Portfolio With Balance Asset Solutions
According to World Population Review, the average house in the United States costs around $507,000. Since property managers often take a percentage of monthly rental income from their clients, rising home prices have made this industry a lucrative space. However, it’s crucial to use property management software (like Yardi) to handle your obligations. Working with…
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How IoT is Transforming Property Management for Large Companies
Unlocking the Power of IoT for Large Property Management Companies The Internet of Things (IoT) is no longer a buzzword; it has become a transformative force across many industries, including property management. As large property management companies look to streamline operations, improve tenant experiences, and achieve sustainability goals, IoT offers a compelling suite of tools…