Learning Center

How To Calculate Cap Rate In Real Estate Understanding cap rate is essential for real estate investors and landlords who want to get the highest return on their investments in rental property. You may be wondering, “What is cap rate?” In simple terms, cap rate, or capitalization rate, is a metric used to calculate the […]

Rental Property Expenses Every Manager Should Know Success in rental property management requires careful financial planning. This includes covering necessary bills, investing in improvements, and ensuring all rental expenses are paid on time. In this article, we will share 15 of the most common costs associated with rental property ownership and provide guidance on estimating […]

Use Rental Property Accounting Software To Analyze Properties With your day-to-day rental property management activities, it can be all too easy for real estate investors or rental property owners to lose sight of the bigger picture. How much have you spent on operating expenses this month? How many tenants haven’t paid rent yet? How much […]

A Guide To Paperless Rental Accounting Have you ever wasted hours hunting for a missing receipt or sifting through stacks of paperwork? Paperless accounting software replaces traditional tasks like sending invoices, tracking expenses, and maintaining records. Transitioning to paperless accounting reduces errors, saves time, and frees you from tedious administrative tasks. With cloud-based tools, landlords […]

An Overview Of Rental Property Accounting For Landlords The world of rental property accounting is vast and complex. Whether you’re a seasoned pro or just getting started, all real estate investors have something new to learn. In this article, we’ll dive into everything you need to know in order to establish yourself in the world […]

Avoid These Common Rental Property Bookkeeping Errors Feeling like your profits aren’t what you projected? Dragging your feet when it comes time to reconcile your books? Stressing relentlessly over tax season? You may have a bookkeeping problem. Many landlords and property managers—both experienced and new—struggle with their rental property bookkeeping. With so many complexities, it’s […]

An Introduction To Basic Financial Reports As a new landlord, understanding and utilizing key financial reports is essential for effective property management and informed decision-making. Three fundamental reports to focus on include a rent roll, profit and loss statement (P&L), and a pro forma statement. All of these reports serve a distinct purpose in evaluating […]

Basic Accounting Metrics and KPIs for Landlords Metrics and Key Performance Indicators (KPIs) are essential ways of monitoring any business’s health. In the real estate industry, rental KPIs offer valuable insights into your properties’ performance, helping you spot areas for improvement and adapt your strategy accordingly. You won’t know if your duplex is underperforming or […]

Rental Property Accounting Methods As a landlord, there’s no universally perfect way to handle your rental income accounting. In 2021, there were around 9.635 million landlords in the United States—yet it’s likely that none of them handled their accounting for rental properties the exact same way. There are two main methods of income and expense […]

Stay On Top Of Rental Records And Receipts Record-keeping is essential for effective rental property management, providing landlords with a strategic advantage. Well-maintained rental records and rent receipts help landlords avoid tax-related last-minute stress, stay organized, and save time during tax season. Whether you’re new to the rental business or a seasoned landlord, knowing the […]

Managing Tenant Security Deposits When tenants move into a rental property, they typically pay a security deposit, a financial safeguard that landlords hold until the lease ends. This deposit is essential for covering potential damage beyond normal wear and tear, unpaid rent, or other obligations the tenant might fail to meet. Security deposits provide property […]

Managing Rental Fees One of the cornerstones of successful property management is ensuring timely rent payments from tenants. Reliable tenants who pay rent on time help landlords maintain cash flow, cover expenses, and uphold the property’s upkeep. Alongside rent payments, it’s equally important to manage additional fees, such as pet fees or deposits, which contribute […]