Rental Property Bookkeeping Tips

December 01, 2022

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…

  • How to Grow Profit Margins

    September 24, 2022

    Increase Profit Margins The purpose of any business including a property management business is to earn a good profit. It's the number one goal of property managers according to surveys and whether through efficiency, revenue increases or scaling up with new accounts, you'll find plenty of ways to make your business more profitable if you're…

  • 12 Ways to Reduce Tenant Churn

    December 22, 2021

    Reduce Churn and Turnover Costs Have you calculated how much revenue you've lost due to tenant churn over the years?  Some landlords and property manages do have systems to report these losses, but how many are resolving losses from churn? In some states and cities, the issue of tenant turnover is a current matter.  With…

  • The True Costs of Tenant Turnover

    October 13, 2021

    Rental Unit Turnover and Tenant Churn Now in 2022, we're seeing higher rental apartment and house rental churn rates because people are moving for new employment, lower rents, and making other post pandemic adjustments. Property managers might feel powerless to reduce that occurrence and control the losses for landlord owners. Having to renovate and remodel…

  • The Biggest Most Costly Mistakes Landlords Make

    February 25, 2021

    Biggest Mistakes Landlords Make   "If only I'd known then what I know now."  That's what too many landlords utter when they're struggling to keep afloat, facing weighty financial challenges, and looking for ways to improve their profits. When we cover the topic of the most costly landlord mistakes, it's not insinuating, but rather just…

  • Tenant Churn and Why Tenants Leave

    October 14, 2020

    Survey Shows What's Behind Tenant Churn Inner-city landlords in the US, UK, Australia and Germany are seeing higher vacancies and reduced rents as renters flee the cities for more space in suburbs and other small cities and towns. A desire for lower rents and more spacious living is encouraging many tenants to decide not to renew their apartment…

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