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4 Common Accounting Mistakes to Avoid in Property Management

Quality accounting is essential to successful property management, so it’s best you start reading up if you haven’t already. Whether you’re new to property management or just need a quick refresher on accounting best practices, here are 4 common accounting mistakes you should know about (and how to avoid them).

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16 Accounting Terms You Need to Know in Property Management

Accounting is a fundamental aspect of any business and crucial to making sound decisions across the board, no matter your industry or expertise. As a jumping-off point, read on for a breakdown of the top 16 accounting terms you’ll need to know as a property manager. Consider this article your quintessential property management accounting glossary!

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How to Define and Reach NOI Goals (PropTea Podcast Ep. #2)

As a crucial metric for property managers, your NOI should be earning more of your attention. On the latest episode of the PropTea Podcast, our host and marketing genius, Erica Patterson, takes us through what exactly NOI is, and the best ways to reach your NOI goals in property management. She’ll examine the importance of maintaining quality and how you can stay ethical while increasing profitability. And as always, we’ll share a wellness tip to get you through the month and improve your work-life balance!

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5 Multifamily Preventive Maintenance Tasks You Need to Do Every Year

The new year is officially here, and we implore you to make prioritizing preventive maintenance one of your resolutions in 2023. Putting off these tasks can cause major maintenance issues down the road, and even emergencies that could put your property and bottom line in jeopardy. Here are 5 preventive maintenance tasks you need to do every year at your multifamily property.

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How to Keep Successful Records as a Property Manager

Of course, we know recording keeping is one of the worst parts of a business owner’s job, especially in the rental business where documentation is seemingly never-ending. As overwhelming as it can be, record-keeping can truly make or break your business, so it’s crucial you do it right. Read on to learn more about the importance of keeping good records, and how to keep them successfully.

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Property Management Fraud to Watch Out For and How to Avoid It

Today we’re talking about payment fraud–specifically, fraud occurring when you collect your residents’ rent each month. Whether you like it or not, you’ll likely encounter it at some point in your time as a property manager. In today’s blog post, we’ll cover what you should look out for, and the steps you can take to minimize your risk of being subject to it.

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Is Your Team Happy? The 4 Best Ways to Boost Employee Satisfaction

We don’t have to tell you that property management is a stressful industry–we’re sure you feel it! It’s time you take a look at your employees’ satisfaction and how you can improve morale as we go into the new year. Read on for the 5 best ways to boost employee satisfaction at your property management company!

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The Worst Mistakes Every Property Manager Makes (& How to Avoid Them)

Property managers are responsible for a wide range of duties including vetting rental applicants, managing the leasing process, maintaining their properties, collecting rent, delivering an exceptional resident experience, and much, much more. Whether you’re just getting started down this career path, or you’re a seasoned professional looking to improve your business, dive into today’s blog to discover the worst mistakes you can make as a property manager (and the best ways to avoid them)!

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Engage Your Residents in 2023 with These 5 Unique Classes

It’s a new year and with that, a new chance to engage the residents at your multifamily property! Coming up with ideas that are both fun and practical for everyone can be a challenge – because let’s face it, the same old stale yoga classes aren’t cutting it anymore. Read on to discover 5 unique classes that will engage your residents and boost retention in 2023!

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