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7 best tasks for property management automation
Why is property management automation so crucial to the efficient running of a real estate agency? It’s because there is so much that goes into the proper management of an investment property, that property managers are going to be stretched thin wit…
Property Management Accounting: Beginner’s guide to managing your accounts
Whether you’re running a business or managing a personal portfolio of properties, managing the books is a critical part of property management. Property management accounting has many similarities to general accounting. One of the key differences, ho…
How to find property management leads
If you’re running a real estate agency, you’ve probably wondered how you can create more property management leads for your business. Finding leads can be difficult depending on a variety of circumstances. Your business may be in a market that doesn’…
The future of trust accounting software
As the world evolves to be increasingly more digitalised, it’s starting to become natural for the majority of business leaders to use software on a day-to-day basis. Where before, we’d write and send invoices by hand, now, third-party platforms like …
How to prevent data breaches in property management
It’s a data-driven world and we’re all living in it. As more companies now rely on digital data to run their businesses more efficiently – the risk for misuse and theft of these important pieces of information is higher than ever. And, with many of u…
How to mitigate liquidity risk in a real estate investment
Investing in real estate is a good source of passive income, and many of those who have dipped their toes in it are well aware that it is not without risks. The dollar at stake is significant – the rewards are indeed higher, but the risks are a…
What is a rent roll? – Insights into your rental property income
Purchasing investment properties can be a risky venture when you don’t have all the information to hand. Details can be missed, and you could end up buying a building that’s more trouble than it’s worth – with high delays in rent payments and t…
What is bad debt recovery?
One of the main responsibilities you have as a property manager is ensuring your customers’ investments remain profitable. The ideal scenario is that they have a steady flow of income from rental payments, but when a tenant defaults on their lease do…