One of the most intensive accounting cycles in real estate finance is the month-end close in multifamily property management. Each property produces hundreds or thousands of tenant and vendor transactions, as well as operational transactions, every single month. They have to be verified, reconciled, adjusted, and consolidated into precise financial statements within strict reporting deadlines. […]
What Does an AppFolio Consultant Actually Do (and What They Don’t)? Whether you use AppFolio or are simply considering using it in your property management business, you must have heard the phrase AppFolio consultant used in practically mythical ways. The words are usually accompanied by an implicit guarantee: that a person will intervene, make some […]
When Is the Right Time to Hire an AppFolio Expert for Your Property Management Company? Running a property management company these days can get overwhelming. From tenant communication to accounting, from maintenance coordination to reporting, your plate is already full, and that is why companies are turning to different tools. Platforms like AppFolio Property Manager […]
At first, managing property accounting with AppFolio can seem easy. It is a robust platform with rich features, capable of handling both simple day-to-day transactions and intricate owner reporting. However, as portfolios expand, transactions swell, and compliance burdens rise, a large number of teams have discovered that hiring an AppFolio expert and working with it […]
Any business owner is interested in ensuring that taxes are clean, simple, and, more importantly, lower. However, with S Corporations and 1099 forms, one may find it a bit tricky. Understanding the tax implications of 1099 for S Corps is essential for every business owner. Many independent contractors and self-employed people are asking themselves: Do […]
Managing rental properties is very challenging. It becomes hectic and challenging with property management, repair costs, and taking care of expenses. To most property managers, this hustle gets extremely challenging, particularly where reports are in spreadsheets or physical records. That’s where Yardi steps in. It is one of the most popular property management software systems […]
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