HOA Reserve Fund: How Much Should Your HOA Be Saving? Every community association will eventually face a six-figure repair. The roof ages out, the elevator fails, the parking lot crumbles, the pool needs a full resurface. When that day arrives, the only question that...
Property Management Tax Prep: Year-End Guide for PMs Specifically, year-end tax prep is where the year’s bookkeeping habits either pay off or come due. Generally, property managers carry one of the messiest tax footprints in real estate: rent in trust, vendor...
Property Management Audit: Why PMs Fail and How to Pass A property management audit can arrive with little warning and leave lasting damage. State regulators, association boards, and even clients are increasingly scrutinizing how property managers handle trust funds,...
Bank Reconciliation for Property Managers: Complete Guide Bank reconciliation is the backbone of every clean set of property management books. Done monthly, it catches errors before they cascade. When performed correctly, it creates the audit trail that protects your...
Property Management Trust Accounting: Requirements, Reconciliation, and Compliance Trust accounting carries more legal exposure than any other area of property management. It is required by law in every state, it is the primary trigger for state audits and license...
