Bookkeeping Tips for New Landlords Managing expenses, receipts, payables, payments, and tax reports is a slightly, unappreciated and neglected task for all small business owners. Getting organized about how you manage your books has many benefits. For property management startups, good bookkeeping is a good habit underpinning a viable, sustainable company. Property managers may learn…

Prepare for and Manage any Recessionary Threat Quite a few property management people feel rental property ownership and management is a recession proof business. That's a key attraction for property management startups. Rent prices tend not to fall much, cash flow is consistent, demand remains strong, housing supply is constrained by the governments (NIMBYs too),…

Property Management and the Owner's Statement Property management is all about serving property owners (and keeping tenants happy). And yet, property owners can't always know what you do, how you manage costs, generate revenue, and keep your buildings, condos, and other properties well maintained. The owners statement is a key document to convey important information…

Check the Pulse of Your Property Management Business Successful property investors and property managers need data. And they need data organized to give insight, control costs and maximize property revenue. Gut feelings about the "bottom line" have to be underpinned by accurate data, insight you can rely on and make good long term decisions with,…

Working in Property Management You should only choose a career in property management because you're excited about how the job fits your preferred work style, gives you a solid opportunity for greater income, and you enjoy helping tenants. Why a job in property management? Economic, technology, demographic and educational trends have created a demand for…