Financial Reporting and Budgeting

Take Control of Your Budget

Typically, during this time of year, most property managers start to prepare the budgets for the following year. If you have not yet started or are thinking of putting budgets in for the first time on your property portfolios, the task of collecting correct information form rent rolls, leases, expense clauses, expenditures and assumptions on …

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Online Payment Use Rises

More than two-thirds of residential property managers surveyed now offer their residents the option of paying their rent or homeowner association dues online. Specifically, 68 percent of those firms surveyed by New Heights Research allowed online payments last year. That’s up from 60 percent in 2013 and 55 percent in 2012, the first year the survey was conducted. …

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Strip Mall Recovery Is Under Way

The recovery in the residential housing market and the economy at large is finally starting to have a positive effect on neighborhood strip malls. CoStar, a leader in commercial real estate information, said retailers absorbed about 13 million square feet of neighborhood and strip shopping center space last year, twice the level of demand the …

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Tackle Common Problems with Property Management Software

The economy is beginning to improve a bit more steadily with the passing of each year, as the Great Recession is now far off in the distance with respect to the housing market, consumer spending, small business wellness and various other financial indicators.