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The Basics of HOA Fiduciary Duty

Posted by Tricia Gopi on Feb 6, 2020 6:00:00 AM

An HOA board of directors is the governing body of a residential community. The purpose of an HOA board is to make and oversee decisions regarding community assets and regulations. Most HOA boards are non-profit organizations where each board member serves based on trust. Fiduciary duty requires board members to uphold that trust by acting in the best interest of the community.

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Topics: Blog, Property Management, Accounting, Communication, Business Growth, Hiring, HOA, Economics

The Basics of ACH & EFT

Posted by Mitchell Vinnitsky on Dec 12, 2019 6:00:00 AM

If you’ve been in business, even for a short amount of time, you’ve likely heard the terms EFT and ACH thrown around. You may have even heard them used interchangeably. But the truth is, while both of these acronyms represent a type of money movement, they are technically not the same. Here are a few important facts to keep in mind.

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Topics: Blog, Technology, Property Management, Accounting, Tips, Business Growth, Employee Satisfaction, Digital, Costumer Satisfaction, Economics

How Property Managers Can Prepare for Tax Season

Posted by Mitchell Vinnitsky on Nov 28, 2019 6:00:00 AM

“Hooray! It’s almost tax season again!” – said no one, ever.

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Topics: Productivity, Blog, Property Management, Customer Service, Accounting, Tips

4 New Trends in Commercial Property Management

Posted by Mitchell Vinnitsky on Nov 19, 2019 6:00:00 AM

One of the keys to success in an industry that’s as fast-paced as commercial property management is staying abreast of the latest trends. Things evolve at a rapid rate, so the ability to shift gears and address the changing demands is essential to remaining competitive. To make things a little easier for you, we’ve done some of the legwork and uncovered four commercial property management trends that we think should be on your radar. Take a look below.

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Topics: Blog, Technology, Property Management, Accounting, Rentals, Advice, Leasing, Commercial

What Property Managers Need to Know About Reporting to an HOA Board

Posted by Angelica Diaz on Nov 12, 2019 6:00:00 AM

Your HOA board plays a key role in both the short and long term planning within your property management business. In order to fulfill their responsibilities, board members must have access to certain information. In particular, they need details on company financials.

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Topics: Productivity, Blog, News, Accounting, Tips, Employee Satisfaction, Budgeting, Advice, HOA

3 Ways to Make Your Data Work for You

Posted by Mitchell Vinnitsky on Oct 17, 2019 6:00:00 AM

These days, it’s all about the data. And boy, is there a lot of it. In fact, there are 2.5 quintillion bytes of data created each and every day. The problem with that volume of information is that it’s hard to narrow it down to what’s important. And this is a big deal, because if you’re not working with clean, reliable data, it could be costing you money.

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Topics: Blog, Property Management, Accounting, Tips, Engagement, Budgeting, Rentals, Advice

5 Ways to Take the Stress Out of Budgeting Season

Posted by Mitchell Vinnitsky on Sep 12, 2019 6:00:00 AM
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Topics: Productivity, Property Management, Accounting, Tips, Employee Satisfaction, Budgeting, Advice

3 Accounts Receivable Myths That Could Be Impacting Your Cash Flow

Posted by Mitchell Vinnitsky on Jul 24, 2018 6:00:00 AM

Any seasoned executive knows that staying on top of debt collection is critical. Letting accounts go past due and allowing invoices to go unpaid is counterproductive to the success of your property management business. Part of the problem is that many otherwise savvy business professionals fall victim to certain myths and mistruths surrounding accounts receivables. Let’s take a look at a few of these myths and the truth behind them so you can start turning things around ASAP.

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Topics: Property Management, Accounting, Tips

Getting Your Property Management Company Ready for Tax Time

Posted by Mitchell Vinnitsky on Jun 28, 2018 6:00:00 AM

How prepared is your property management company for tax time? It’s important, because just one single error could cause infinite and costly headaches down the road. This, coupled with the fact that others are relying on you for timely, accurate records, and this time of year can seem like a nightmare to some. The good news is, with the right strategy, you should be able to get organized enough to make tax season a smooth, stress-free experience for everyone. Here are a few expert tips to get you started.

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Topics: Technology, Property Management, Accounting, Tips

How to Reduce Your Property Management Operating Expenses

Posted by Mitchell Vinnitsky on Mar 1, 2018 6:15:00 AM

According to a recent survey, one of the biggest challenges property management professionals face on an ongoing basis is keeping operating costs at a minimum. Obviously, the less you spend to run your business, the more profitable it will be, but knowing that and actually accomplishing it are two entirely different things. Thankfully, we’ve been at this for quite some time and have picked up a few expert tips and tricks along the way. Let’s take a look at a few areas where you can start cutting costs and run a leaner operation moving forward.

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Topics: Productivity, Property Management, Accounting, Tips

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