black calculator near ballpoint pen on white printed paper

Landlord Accounting Basics – Basic Approach

January 9, 2023Posted inFeatures, Landlords, Product
Managing rental properties is no different from running a small business, and it's crucial to get the bookkeeping and accounting processes right, especially for self-managing landlords. The minimum bookkeeping standards should meet the IRS bookkeeping requirements for compliance. In addition to being compliant, we should also setup our system in a way that's efficient for us to handle all the tedious accounting tasks.
a person writing on white notebook

5 Real Estate Accounting Tips Every Self-managing Investor Should Know

December 3, 2022Posted inFeatures, Investors, Landlords, Product
The purpose of having a good bookkeeping system in place for your real estate business is not only for tax compliance but also for becoming better informed to make any important financial decision. When you know the exact status of your portfolio and the performance of each property at any time, you will be in a better position to make more strategic moves in your investment or personal life.
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Prospective Tenant No Show? Here is How to Solve it

September 30, 2021Posted inFeatures, Landlords, Product
As a new landlord who self-manages the properties, one of the first things I came across while turning over a vacant unit is the "prospective tenant no-show". Someone probably saw my listing on Zillow or Zumper, and casually send me a message saying that he/she is interested. Then, I, being a proactive landlord and eager to minimize vacancies, responded to the inquiry quickly. And, after few brief exchanges, I put down a showing time for 6pm tomorrow.