The real estate business is tricky and volatile, to say the least, if you add bad accounting particles to this mix, then it gets even more complicated. It can end up costing you millions and also cost you your reputation as an authentic real estate business.
Accounting and back office are...
The world economy has been grilling under the pressure of the pandemic for the past couple of years. Above that small businesses have struggled even more to survive. But now finally from the last few months business and the economy is getting back in the normal flow of things.
All b...
COVID-19 disrupted business operations across industries last year. A massive number of people lost their jobs while others had to shift to working from home.
However, all of us imagined this setup to continue for the short term. Nobody knew we would have to stay out of the office for more than...
Managing a property is no easy task. You have to take care of endless responsibilities that include maintenance, coordinating with vendors, paying staff on time, and more.
Each property you manage brings more tasks to the table and can soon overwhelm your time. The situation is more common than...
Most real estate agencies rely on their back offices for day-to-day accounting. The list of tasks covers a wide range of verticals, from vendor payments to employee reimbursements.
As a result, the back office requires considerable resources and hours to do its job efficiently.
However, mo...
An efficient back office is behind every successful company. It has a big impact on your business operations and how well you can achieve your objectives.
As a result, it is necessary to give a hard look at your back office operations. It is more important than you think and decides your perfor...
While marketing is essential to run a real estate business, accounting is another vital area that cannot be neglected. Accounting in real estate is not like other sectors; it's a complex and tedious process that can be easy with the right software, but not all businesses invest in having a functiona...
The real estate industry deals with a large number of transactions every day. In 2020 alone, 5.64 million existing homes were sold in the US. These transactions also vary in magnitude from huge property investments to small maintenance expenditures. That’s why accounting and bookkeeping pl...
Working in the real estate industry is not easy. Expanding client base, handling tenants, and marketing properties--real estate management constitutes a multitude of tasks. While each of them is equally important, you can manage your work better by outsourcing a part of your property management....
Outsourcing is a popular option for companies that want to expand their workforce. It is estimated that every year about 300,000 jobs are outsourced in the US. Companies prefer outsourcing as it provides flexibility, expertise and cost savings. This is especially beneficial for small busin...
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