Category: Property Management Software
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10 Tax Deductions Property Managers Shouldn’t Miss
Introduction Understanding the various tax deductions available is essential for property managers to minimize taxable income and reduce overall tax liability. Properly claiming deductions can result in significant tax savings, making it crucial to be aware of what expenses qualify. Here are ten tax deductions property managers shouldn’t miss. Mortgage Interest For property managers who…
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How Robotic Process Automation Can Save Property Managers Hours Each Week
Feeling Buried in Tedious Tasks? Property managers wear many hats. From managing leases and rent payments to coordinating maintenance and responding to tenant inquiries, your day can easily become filled with repetitive tasks. While these tasks are essential, they can also be incredibly time-consuming, leaving you with less time to focus on strategic initiatives and…
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Commercial Real Estate Accounting Simplified
The financial landscape of commercial real estate demands not only accounting know-how but also a keen understanding of the unique challenges faced by property managers and owners. Sound accounting practices are essential to drive profitability, ensure compliance, and make informed investment decisions in this dynamic industry. What is Commercial Real Estate Accounting? Commercial real estate…
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Entrata Customer Service: Your Guide to Getting the Help You Need
Entrata, a leading property management software provider, empowers countless property managers to streamline their operations. But even the most user-friendly software can have its complexities. This blog post will equip you with the knowledge to navigate Entrata’s customer service options and get the support you need, whenever you need it. Entrata Customer Service Channels: Entrata…
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Property Management Bookkeeping Guide
Effective bookkeeping is crucial for any property management business aiming to maintain financial health and compliance. This guide outlines the essential steps and practices in property management bookkeeping, ensuring accuracy and efficiency. Setting Up Your Bookkeeping System Select an Accounting Method Cash Basis: Records transactions when cash is exchanged. Suitable for smaller operations. Accrual Basis:…
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Property Management Tax Reporting in 2024
Even with a busy 2024 looming ahead for property managers, staying on top of tax reporting is crucial. We’ll look at the specifics of property management tax reporting, focusing on 1099 forms and how they apply to your business. Understanding 1099s: 1099-MISC vs. 1099-NEC The IRS uses 1099 forms to report income that isn’t reflected…