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...
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...
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...
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...
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...
Most Atlanta short-term rental hosts we meet know about the license. Far fewer know that the platform collecting “taxes” on their behalf is collecting some of them and not others — and that the gap is theirs to close. This covers what the City of Atlanta...
Moving from QuickBooks Desktop to QuickBooks Online is usually described as a conversion, which makes it sound like a file format problem. It is not. Some of your history comes across, some of it does not, and the parts that do not are rarely the parts anyone warns...
We have bought ten mobile home communities. Every one of them started with a request for records, and in most cases what came back was a spreadsheet somebody had built by hand, a stack of bank statements, and a P&L that did not agree with either. That is not...
You buy twelve repossessed homes at $8,000 each to fill vacant pads. Your bookkeeper codes all twelve to Repairs and Maintenance. Your P&L now shows a $96,000 loss for the month, your balance sheet shows nothing at all, and the community you just made materially...
A mobile home community is three businesses wearing one coat: you rent land, you sell homes, and you sometimes finance those homes. Blend them in one P&L and you will misprice your own property. This is the most expensive bookkeeping mistake in manufactured...
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