Real Estate Bookkeeping

Property managers and real estate investors clearly understand the necessity of accurate bookkeeping. With so many transactions, sources of income, and expenses to keep track of, the right real estate accounting tools could mean the difference between success and failure for your business. In this blog, we break down the Stessa and AppFolio comparisons to help you decide the best free real estate accounting software for your needs. Overview: AppFolio vs. Stessa Stessa and AppFolio are two of Read More

Property managers are responsible for a range of tasks related to your property—working with tenants to take care of your communication, reviewing financial statements and reporting, managing maintenance requests, and collecting rent—but ensuring that the right numbers are being tracked is among the most critical parts of their daily work. That’s what property management accounting software such as Buildium and AppFolio are for. However, when considering AppFolio vs. Buildium, which accounting tools are the best? Read More

To avoid gaps in compliance, financial stability, tax regulation fulfillment, and business operation continuity, a property management company has to accurately track rental income. When it comes to payments, property managers have to work with checks, bank payments, and even online payments. Moreover, since these managers deal with multiple properties, they receive payment from many tenants. Without a reliable system in place, there is a high chance for financial discrepancies to take place, putting the Read More

Tax advantages greatly impact the success of real estate investors and landlords. Through various methods, these investors can optimize the overall cash flow, lower the taxable income, and even enhance the returns. Gaining an understanding of these tax benefits aids in the investment decision-making process as well as increases the overall profit margin. The real estate sector qualifies for unique tax savings, including, but not limited to, the QBI deduction, depreciation, mortgage interest deduction, and Read More

Outsource Real Estate Accounting focuses on the major operations of your real estate business rather than on tiresome office duties that will directly affect the growth and development of your company. Because the real estate industry is so diverse, it’s important for you to continually monitor market developments and how they may affect your company’s assets. The real estate sector now presents a very difficult operating environment. As real estate demand changes, margins are evaporating Read More