Buildium Bookkeeping: What It Handles, What It Does Not

If you run properties on Buildium, the platform is doing a lot of your accounting already. The question worth answering is where its work ends and yours begins, because the gap between those two is where most property management books go wrong. A note on where this...

AppFolio Bookkeeping Help: Comparing Your Options

Your AppFolio books will not reconcile, the owner statements do not match the bank, or you have simply run months behind. You have searched for help and found a dozen firms who all say the same three things. This is an honest comparison of what your options actually...

What a Property Management Cleanup Actually Involves

You have run the checks and several came back badly. The next question is the practical one: what does fixing it actually involve, how long does it take, and what is it going to cost? Here is how a property management cleanup is scoped, in the order it happens — and...

Seven Signs Your AppFolio Books Will Not Reconcile

You do not need an accountant to tell you whether your AppFolio books are in trouble. Most of the damage announces itself, if you know which number to look at. Seven checks below. Each takes a minute or two, each is something you can run yourself today, and each one...

Assignment vs Novation vs Double Close in Your Books

Three wholesalers do three different deals on three different houses. All three get a wire from a title company. All three see a deposit land in the same bank account, from a payer with a similar name, for a similar amount. Two of them earned a fee. One of them sold a...