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Geoff Roberts
| 3 min. read
Choosing the right business entity for your property management business
The business entity you choose for your property management company will affect you in very real ways—especially when it comes to taxation and financial and legal liability. This is a big decision and one that you may want...
Geoff Roberts
| 4 min. read
5 financial ratios every property manager should know
Whether numbers are your forte or not, there are certain ratios and calculations every property manager should understand. Following is a look at five key ratios that apply to your property management business, how to obtain them, and...
Geoff Roberts
| 3 min. read
The basics of cash vs. accrual accounting for property managers
Although not all property managers have an accounting background, it’s nonetheless important that any landlord or property manager handling the books has a firm grasp on basic accounting principles. Perhaps most importantly, it’s essential to have a working...
Geoff Roberts
| 3 min. read
Accounting resources for property managers
Not all property managers are accounting experts, but accurate and organized accounting systems are nonetheless a crucial part of effective property management. Luckily for those of us that don’t have a significant background in accounting, there are many...
Geoff Roberts
| 4 min. read
Tough economy makes tenant debt tough, but not impossible, to collect
We’re still recovering from a great New Year and to help us stay up-to-date with the Buildium Blog we enlisted Bill Gray,  Tenant Debt Collection Specialist, to tell us what to expect when it comes to tenant debt...
Handling security deposits
Security deposits—and how they’re handled—may be one of the most misunderstood topics for landlords and property managers alike. Part of this confusion stems from the fact that security deposit laws vary from state-to-state. For example, many states have...
Geoff Roberts
| 6 min. read
Proper trust accounting makes trust unnecessary
As a property manager, you handle other people’s money on a regular basis. For example, when you collect a security deposit, you’re handling your tenant’s money; when you collect rent or pay a bill on behalf of a...
Geoff Roberts
| 3 min. read
Save time by collecting rent electronically
If you’re like most property managers, you have lots to do but precious little time to do it. Whether you’re a landlord with just a few rental properties or a professional property manager managing hundreds of units, this...
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Daniel Craig
| 5 min. read
The PM forecasting mindset
No one can deny that 2020 has been a year of change, and as entrepreneurs, agility is what we thrive on. With every new obstacle has come new opportunities—and this year has been filled to the brim with...
Laurie Mega
| 8 min. read
How to run flawless, virtual HOA board meetings: Tips from a pro
Since the beginning of lockdown, property managers have had to come up with innovative ways to keep their residents safe while still providing the best service possible. One big change has been the way they run virtual HOA...
Amanda Maher
| 5 min. read
How does a 1031 exchange work? What property managers should know
Established real estate investors and property managers are likely already familiar with 1031 exchanges. The concept itself is simple: Reinvest the proceeds from the sale of a business or investment property into a like-kind investment in order to...
Tony Maiella
| 35 min. read
Forecasting 2020, Planning 2021 [Interview]
Knowing where you stand and forecasting the future: These are both simple ideas in business, but trickier than ever these days for property management companies. In order to do both, sound accounting practices and a simple forecasting framework...
Tony Maiella
| 13 min. read
The ins and outs of HOA reserve fund accounting
If you talk to an association and ask them about their hoa reserve fund accounting, you may hear some pretty unfortunate stories that happened before you arrived; reserve funds that were too low to cover repairs, treasurers who...
Laurie Mega
| 14 min. read
Property maintenance services: Everything you need to know from trends to seasonal checklists
Property maintenance services are a big part of what you do as a property management firm. Done right, regular property maintenance does more than just keep up the place. It provides value and safety for both your residents...
Tony Maiella
| 28 min. read
First 90 Days with Buildium: Essential Property Management
“Hitting the ground running” sometimes isn’t fast enough in property management. These days, property managers are sprinting as they have overhauled their businesses and adapted to the COVID-19 crisis. That’s particularly why it was so rewarding to talk...
Deb Newell
| 5 min. read
Why change up your business model now?: A property management consultant’s perspective
How many times have you heard that this is now your “new normal?” How many times have you pondered what COVID-19 will mean for the long term of your business? It’s no secret that your world—our industry—has changed...

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