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6 Steps to Improve Your Condo and HOA’s Collection Practices Before the Next Recession
We’re all aware that the economy has a rhythm or cycle and is also referred to as a business cycle. When the cycle is on an upward trajectory people’s financial situation is improving and as the cycle turns downward their financial situation can deteriorate. The U.S. is experiencing the second longest economic expansion in post […]
Continue reading...What are the benefits of outsourcing day to day real estate accounting?
17. September 2009
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Outsourcing is taking a business function and having a sub contractor do it better and for less money. We all outsource, for example most of us outsource payroll processing. If your real estate operation could save 20% annually and reduce time spent managing an activity, you should investigate outsourcing.
Continue reading...Outsource Day-to-Day Accounting Tasks
15. September 2009
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Self-Managed Community Support or Lower Cost Option to Full Management.
Continue reading...Answer 9 questions to increase your cash flow
12. September 2009
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“As tenants’ sales revenue drop, rent payment begins to deteriorate. It is at this point when your collection process and accounting information systems will show its deficiencies.
First you have to determine if your tenant has a viable business that will survive and if so do you need to provide immediate concessions such as deferring rent. But, for the majority of tenants they may just require additional communication to help reduce your delinquencies.”
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5. September 2019
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