by Cheri Thomas on December 19, 2017 06:26:51PM

If you have spent any time in property management, then more than likely you have received that dreaded notice in the mail, “It’s time for the audit of your property management company.” The audit letter outlines the appointment date and time for your company audit. It’s time to get prepared and ready for the audit with confidence.  It doesn’t matter if it’s your first audit or your 100^th, the reaction is the same. Your heart starts beating so hard, you swear you can see it through your shirt, your forehead is damp with sweat, and you feel faint.

by Cheri Thomas on July 13, 2017 12:30:14PM

Owning a Property Management company comes with great fiduciary responsibility. After all, you are responsible for someone else’s investment both in property and money. One way to make sure that you are protecting yourself and your landlords  is  by reconciling bank accounts each month.

by Cara Hopsiter on July 5, 2017 01:54:09PM

The purpose of the security deposit is to ensure your residents leave a rental property in good condition and are up to date on their payments before they vacate the property. If there is any damage to the property or missing/late payments, the property manager can use the security deposit to cover the necessary expenses. Many times, property managers have difficulty deciding what to charge--or not to charge--a resident after they move out, and many factors must be considered. Depending on the state and sometimes the county you are in will also depend on what you can charge against a resident's security deposit.

by Cheri Thomas on June 29, 2017 01:47:55PM

You receive the dreaded letter….

You’re having a good day as business issues are handled, customer service items are done, and you sit down to open the stack of mail that came in for the day.

Then you see it, OH NO a letter on the Bureau of Real Estate letterhead.

You double check, is my company name really on the envelope or should this be for some other company?