How do you really know if you had a successful year in 2019? When you’re running a small business, staying on top of finances can be time-consuming and confusing. After all, you’re an expert in property management, not...

  Take a crash course in property management accounting. Become familiar with the accounting cycle, basic concepts and terms all through the lens of a seasoned property manager. Download our Accounting for Non-Accountants Guide and learn how to:...

Property management companies handle large amounts of money on a regular basis and, as a result, need a rock-solid financial system. One of the basics of that system is a means to collect money—and how you set up...

If you drive a personal vehicle for your property management business, you’ll need to understand how the Tax Cuts and Jobs Act (TCJA) will impact your 2018 mileage deduction. While Congress passed the bill last December, the changes...

The vast majority of real estate companies (including property management businesses) are organized as pass-through entities, not as regular C corporations. The most popular pass-through entity is the limited liability company (LLC), but pass-throughs also include sole proprietorships,...

The Tax Cuts and Jobs Act (TCJA) passed by Congress last December took effect on January 1, 2018. The new law resulted in the most extensive rewrite of federal income tax rules in over 30 years. Although most...

The Tax Cuts and Jobs Act (also known as H.R. 1, or the TCJA) took effect on January 1, 2018. With the exception of bonus depreciation (described below), all of the act’s provisions apply to 2018 and later,...

The Tax Cuts and Jobs Act (TCJA) is now the law of the land. This mammoth tax reform law creates momentous tax changes for all Americans. We’ve all been wondering how the new tax plan affects property managers....