News, views and industry trends
Why bank reconciliation is still a top accounting pain point—and how you can fix it
Bank reconciliation is a critical recurring accounting function that ensures bank activities, both withdrawals and deposits, are accounted for and appropriate. The process can identify bank transactions not yet entered in MRI Property Management X (P…
Bonus Depreciation for Rental Property
Real estate bonus depreciation has become one of the most valuable tax incentives available to property investors. By allowing an immediate deduction of a large portion of eligible asset costs, bonus depreciation on real estate provides a powerful wa…
Introduction to Real Estate Data Analytics
The real estate industry is in the middle of a major transformation. For decades, investment and operational decisions were often driven by instinct, experience, and limited market data. Today, technology has changed the game. Real estate data analyt…
HOA Reserve Funds: Best Practices and Rules of Thumb
For homeowners associations (HOAs), financial planning is one of the most important responsibilities a board must oversee. Communities thrive when funds are carefully allocated to cover both everyday operations and the long-term upkeep of shared asse…
What Is Asset Disposition?
Asset disposition is a critical phase in the asset management lifecycle, especially within commercial real estate (CRE). It refers to the process of selling, transferring, or otherwise removing assets from a portfolio. While it may sound purely trans…
Property Management KPIs You Should Track
html {scroll-padding-top: 100px;} In the competitive landscape of property management, tracking the right Key Performance Indicators (KPIs) is crucial for optimizing operational efficiency and enhancing tenant satisfaction. Effective KPI monitoring p…
General ledger accounting for properties
General ledger accounting can sometimes seem like an uphill battle. Having to manage multiple accounts, perform bank reconciliations, and file journal entries can leave room for potential errors in your property accounting. This begs the question, “H…
Five reasons to integrate your property tax management and accounting software
This blog was written by Mordechai Katzman, President and Founder of Rethink Solutions. Rethink Solutions., a certified MRI Software partner, is the developer of itamlink, the only dedicated property tax management software for owners and occupiers …