#landlord bookkeeping

[bookkeepingservices12]

Advantages of an Online bookkeeping services UK

Account-ease are one of the highest accounting firms in London, We provide professional bookkeeping service London for small business. We offer experienced bookkeeping services UK · We perform hard to provide you have the time and stretch to concentrate on what you do best.

[puppygirlclick]

Help Two Disabled Trans Women Get Back On Their Feet

My federal income tax withheld wasn't properly updated by my employer on account of their bookkeeping which means I owe $1000 to the IRS by the end of July. I also had to go through intensive surgery at the end of February to fix a hernia which had caught my left testicle up in it, with a good portion of the left side of my abdomen being covered with a hernia mesh. Despite having been supposed to be healed up after 8 weeks, I have surpassed my employers 180 day limit for a leave of absence of which I wasn't informed of. Being terminated from my job leaves me with no health insurance and no way to continue paying for my doctor's appointments and treatments, all this as I am still paying $270 a month for my car and am possibly at risk of losing because I don't have a reliable way to pay for anything. On top of this, my girlfriend (@stcecilia) has recently moved in after being kicked out by a transphobic landlord and is dealing with worsening undiagnosed pain and sickness which has left her unable to work. Unfortunately she was relying on me getting better which isn't happening right now, and she's having to take care of me instead because of the condition I was left in with severe nerve pain the past few months leaving me stuck in a chair. We are both living with my parents and I can't even begin to put into words how much this is affecting both my girlfriend and I's mental health and physical well being along with everything else, with the way the house is always dirty, my step-mother constantly starting arguments with anyone who comes near her and constantly vitriolic and everyone else arguing and fighting with each other because of this.

It's hard to set a precise goal without it being subject to change for what we need as of right now but at least $1800 would help to pay my federal taxes and keep my car for the next two months and keep us on our feet for the time being.

Any amount helps towards paying off what we owe and moving closer to getting out of this house and into a better living situation and making sure we're properly cared for.

$0/1800

C*sh*pp $StSeeSee (@stcecilia's account) P*yp*l @debtanddeerteeth (Friend's account i can't get into mine without phone# and cici has no bank account rn) Ask for V*nmo (Not listing here because of my deadname) DO NOT TAG

[mariacallous]

In early 2022, two Google policy staffers met with a trio of women victimized by a scam that resulted in explicit videos of them circulating online—including via Google search results. The women were among the hundreds of young adults who responded to ads seeking swimsuit models only to be coerced into performing in sex videos distributed by the website GirlsDoPorn. The site shut down in 2020, and a producer, a bookkeeper, and a cameraman subsequently pleaded guilty to sex trafficking, but the videos kept popping up on Google search faster than the women could request removals.

The women, joined by an attorney and a security expert, presented a bounty of ideas for how Google could keep the criminal and demeaning clips better hidden, according to five people who attended or were briefed on the virtual meeting. They wanted Google search to ban websites devoted to GirlsDoPorn and videos with its watermark. They suggested Google could borrow the 25-terabyte hard drive on which the women’s cybersecurity consultant, Charles DeBarber, had saved every GirlsDoPorn episode, take a mathematical fingerprint, or “hash,” of each clip, and block them from ever reappearing in search results.

The two Google staffers in the meeting hoped to use what they learned to win more resources from higher-ups. But the victim’s attorney, Brian Holm, left feeling dubious. The policy team was in “a tough spot” and “didn’t have authority to effect change within Google,” he says.

His gut reaction was right. Two years later, none of those ideas brought up in the meeting have been enacted, and the videos still come up in search.

WIRED has spoken with five former Google employees and 10 victims’ advocates who have been in communication with the company. They all say that they appreciate that because of recent changes Google has made, survivors of image-based sexual abuse such as the GirlsDoPorn scam can more easily and successfully remove unwanted search results. But they are frustrated that management at the search giant hasn’t approved proposals, such as the hard drive idea, which they believe will more fully restore and preserve the privacy of millions of victims around the world, most of them women.

The sources describe previously unreported internal deliberations, including Google’s rationale for not using an industry tool called StopNCII that shares information about nonconsensual intimate imagery (NCII) and the company’s failure to demand that porn websites verify consent to qualify for search traffic. Google’s own research team has published steps that tech companies can take against NCII, including using StopNCII.

The sources believe such efforts would better contain a problem that’s growing, in part through widening access to AI tools that create explicit deepfakes, including ones of GirlsDoPorn survivors. Overall reports to the UK’s Revenge Porn hotline more than doubled last year, to roughly 19,000, as did the number of cases involving synthetic content. Half of over 2,000 Brits in a recent survey worried about being victimized by deepfakes. The White House in May urged swifter action by lawmakers and industry to curb NCII overall. In June, Google joined seven other companies and nine organizations in announcing a working group to coordinate responses.

Right now, victims can demand prosecution of abusers or pursue legal claims against websites hosting content, but neither of those routes is guaranteed, and both can be costly due to legal fees. Getting Google to remove results can be the most practical tactic and serves the ultimate goal of keeping violative content out of the eyes of friends, hiring managers, potential landlords, or dates—who almost all likely turn to Google to look up people.

A Google spokesperson, who requested anonymity to avoid harassment from perpetrators, declined to comment on the call with GirlsDoPorn victims. She says combating what the company refers to as nonconsensual explicit imagery (NCEI) remains a priority and that Google’s actions go well beyond what is legally required. “Over the years, we’ve invested deeply in industry-leading policies and protections to help protect people affected by this harmful content,” she says. “Teams across Google continue to work diligently to bolster our safeguards and thoughtfully address emerging challenges to better protect people.”

In an interview with WIRED, a Google search product manager overseeing anti-harm work says blocking videos using hashes is challenging to adopt because some websites don’t publish videos in a way that search engines can compare against. Speaking on condition of anonymity, she says Google has encouraged explicit websites to address that. She adds that there’s generally more for Google to do but refutes the allegation that executives had held up the work.

Advocates of bolder action by Google point to the company’s much tighter restrictions on searching for child sexual abuse material (CSAM) as evidence it could do much more. Typing “deepfake nudes kids” into Google prompts a warning that such content is illegal and ultimately directs users to news articles and support groups. Google also finds and blocks from its results almost 1 million new CSAM-containing webpages annually.

A recent Google search for “deepfake nudes jennifer aniston” yielded seven results purporting to offer just that. The search engine offered no warning or resources in response to the query, despite nearly every US state and many countries having criminalized unpermitted distribution of intimate content of adults. Google declined to comment on the lack of a warning.

The product manager says comparisons to CSAM are invalid. Virtually any image of a naked child is illegal and can be automatically removed, she says. Separating NCEI from consensual porn requires some indication that the content was shot or distributed without permission, and that context often isn’t clear until a victim files a report and a human analyzes it. But the manager wouldn’t directly answer whether Google has tried to overcome the challenge.

Adam Dodge, founder of advocacy and education group Ending Tech-Enabled Abuse, says that until Google proactively removes more NCII, victims have to be hypervigilant about finding and reporting it themselves. That’s “not something we should put on victims,” he says. “We’re asking them to go to the location where they were assaulted online to move past the trauma.”

Google started accepting removal requests for search results leading to nudity or sex in 2015 if the content was intended to be private and was never authorized to be published, according to its policy. That went largely unchanged until 2020, when the company added that being in an “intimate state” qualified.

A New York Times column that year triggered Google executives to dedicate resources to the issue, organizing projects, including one codenamed Sparrow, to help victims keep content off search for good, three former employees say. The product manager confirmed that executives at times have pushed teams to improve Google’s handling of NCEI.

Google made its takedown form friendlier to use, understand, and access, the sources say. The search giant axed legalese and outdated use of the term “revenge porn,” since porn is generally viewed as consensual. The company added instructions on submitting screenshots and greater detail on the review process.

The form became accessible by clicking the menu that appears next to every search result. Requests rose about 19-fold in one early test, one source says. A second source says that it has become among Google’s most-used forms for reporting abuse and that, after the edits, a far greater percentage of requests resulted in removal of results. Google disputes these figures, but it declined to share comprehensive data on NCEI.

Government-mandated transparency reports show Google has removed most of the nearly 170,000 search and YouTube links reported for unwanted sexual content in South Korea since December 2020, the earliest data available, and nixed nearly 300 pieces of content in response to 380 complaints from users in India since May 2021. The limited data suggest Google is finding more reports credible than its smaller rival in search Microsoft, which took action in 52 percent of the nearly 8,400 cases it received globally for Bing and other services from 2015 through June 2023.

Launched in late 2021, the StopNCII system has amassed a database of over 572,000 hashed photos and videos and blocked that media from being shared more than 12,000 times across 10 services, including Instagram and TikTok. Google hasn’t adopted the tool to block content from search due to concerns about what’s actually in the database, according to three sources.

To protect victims’ privacy, StopNCII doesn’t review content they report, and hashes reveal nothing about the underlying content. Google is worried that it could end up blocking something innocent, the sources say. “We don’t know if it’s just an image of a cupcake,” one of them says. The sources add that Google also has opted against bankrolling a system it considers better, despite internal suggestions to do so.

The Google spokesperson declined to comment on StopNCII, but in April the company told UK lawmakers who questioned Google about its decision not to use the tool that it had “specific policy and practical concerns about the interoperability of the database,” without elaborating.

Internally, Google workers have come up with some bold ideas to improve takedowns. Employees have discussed booting explicit websites, including porn companies, from search results unless they are willing to assure that their content is consensual, according to four sources. The idea hasn’t been adopted. Google’s search unit has shied away from setting rules on a thorny and taboo subject like sexual imagery, three sources say. “They don’t want to be seen as regulators of the internet,” one former staffer says.

Because Google sends significant traffic to explicit websites, it could force them to take stricter measures. About 15 percent of image searches and up to half of video searches among the billions Google receives daily are related to porn, says one former staffer, figures the company declined to comment on. “Google holds the keys to the kingdom,” the source says. Meanwhile, few others are stepping in. US lawmakers haven’t passed proposed legislation to impose consent checks on online uploads. And some popular services for sharing explicit content, such as Reddit and X, don’t require users to submit proof of subjects’ consent.

Porn producers, who collect identity information from performers as required by US law, support the sharing of a consent signal with search engines, says Mike Stabile, spokesperson for the industry trade body Free Speech Coalition. “Major adult sites already monitor and block NCII much more aggressively than mainstream platforms,” he says.

The Google spokesperson declined to comment on the consent idea but points to an existing penalty: Google last December began demoting—but not blocking—search results for websites that come up in “a high volume” of successful takedown requests.

The Google product manager and the spokesperson contend that the search team already has taken big steps over the past three years to ease the burden on survivors of image-based sexual abuse. But WIRED’s investigation shows that some improvements have come with caveats.

A system Google introduced that tries to automatically remove search links when previously reported content resurfaces on new websites doesn’t work on videos or altered images, and two sources say Google hadn’t dedicated staff to improving it. “It absolutely could be better, and there isn’t enough attention on how it could really solve victims’ problems,” one says. The spokesperson says staff are assigned to enhance the tool.

Another system called known victim protection tries to filter out results with explicit images from search queries similar to those from past takedown requests, the two sources say. It is designed to not disrupt results to legitimate porn and generally reduces the need for victims to stay vigilant for new uploads. But Google has acknowledged to South Korean regulators that the system isn’t perfect. “Given the dynamic and ever-changing nature of the web, automated systems are not able, 100 percent of the time, to catch every explicit result,” the company writes in its transparency reports.

In one of its biggest shifts, Google last August abandoned its policy of declining to remove links to content that included signs that it had been captured with consent. For years, if Google determined from the imagery and any audio that the subject knew they were being recorded without any signs of coercion or distress, it would reject the takedown ask unless the requester provided ample evidence that it had been published without consent. It was a “super-mushy concept,” one of the former employees says.

That same source says staff persuaded executives to update the policy in part by describing the importance of letting people who had become adult performers on OnlyFans out of financial necessity to later revoke their consent and shred any ties to sex work. The Google spokesperson didn’t dispute this.

The Washington, DC-based National Center on Sexual Exploitation, an anti-porn group that’s become an authority on image-based sexual abuse, argues that even after the revision, Google is falling short. It wants Google to automatically honor all takedown requests and put the burden on websites to prove there was consent to record and publish the disputed content. The Google spokesperson says that potential policy updates are constantly considered.

In the eyes of advocates, Google is being nowhere near as resourceful or attentive as it could or should be. Brad Gilde of Gilde Law Firm in Houston says he came away disappointed when his client won a headline-grabbing $1.2 billion judgment against an ex-boyfriend last August but then couldn’t get Google to remove a highly ranked search link to a sexually explicit audio recording of her on YouTube. The upload, which included the victim’s name and drew over 100 views, came down last month only after WIRED inquired.

Developing a reliable AI system to proactively identify nonconsensual media may prove impossible. But better keeping an ear out for big cases shouldn’t be too complicated, says Dan Purcell, a victim who founded removal company Ceartas DMCA. Google employees had a proposal on this issue: The company could establish a priority flagger program—as it has for other types of problematic content, including CSAM—and formally solicit tips from outside organizations such as Purcell’s that monitor for NCII. But staffing to administer the idea never came through. “​​Google is the No. 1 discoverability platform,” Purcell says. “They have to take more responsibility.” The Google spokesperson declined to comment.

DeBarber, the removal consultant who spoke with Google alongside his clients victimized by GirlsDoPorn, did a search for one of them this month while on the phone with WIRED. No links surfaced to videos of her, because DeBarber has spent over 100 hours getting those pages removed. But one porn service was misusing her name to lure in viewers to other content—a new result DeBarber would have to ask Google to remove. And through a different Google search, he could access a problematic website on which people can look up videos of his client.

Harassers regularly text that client links to her NCII, a frustrating reminder of how her past has yet to be erased. “They want to be out of sight and out of mind,” DeBarber says of his clients. “We’re heading in the right direction.” But he and survivors are counting on Google to help knock out the offenders for good. "A lot more could have been done by Google and still could be."

[michi0no]

Just had a panic attack.

Was trying to DoorDash for more money.

I’ve got $475 I need to have for a payment arrangement I thought we set up with our Landlord. But the office bookkeepers have been going through people like tissue paper and the last two people I talked to about payment arrangements aren’t there anymore and NO ONE uploaded the documents we signed about it. We have a copy but it’s only got our signatures and not any of the bookkeeping people.

I had almsog $200 I doordashed today in the bank account. I was going to get more tomorrow to try and make it.

I was trying to get gas. The pump hose bumped the wrong gas grade and now all of my money is on hold.

I don’t have enough gas to DoorDash. I can’t get my money. I don’t know if they’ll let me make good on my payment arrangement.

I don’t know what to do or if I can do this anymore. I just can’t do enough. I’ve done so fuxking much and we barely have food. And the money Keeps just. Vanishing into bills and debt and stupid shit like this and I can’t. I’m so fucking tired.

Id do commissions but it’s not enough money fast enough. I can’t draw fast enough to make more than $50 bucks a day and no one has been asking.

I don’t know what to do anymore.

People here have already helped me. It feels like every week I’m begging and I hate it. I’ve been looking for work and taking online courses to get skills and doordashing and selling shit and I’m just.

Nothing is enough. I hate money and being poor and capitalism and why aren’t there more hours in the day and more time to breathe and just.

Why

[gwgaccountant]

I've been meaning to write some posts explaining basic accounting principles for curious laypeople. I've finally started!

The Fundamental Law of Debit and Credit

Equity

The fundamental laws of any field of study often seem unrelated to the final result. To discover why mixing baking soda and vinegar makes bubbles, you must learn atomic theory. To understand why a map never needs five colors, you must study triangles. To read a 10-K, you must know what the word "equity" means.

If you've heard the word "equity" (in a context where it doesn't mean "being equal"), you have probably heard of home equity loan—a way of obtaining cash based on the value of your house, assuming you could somehow afford one.

Home equity is quite simple; it's the difference between the current value of your house and the amount you owe to the bank. In a sense, it's the amount of house you own.

Assets, Liabilities, and Equity

Imagine that you are not only rich enough to own a house, but rich enough to own two houses. You took out a separate bank loan for the new house, but that's fine—you're ready to become a landlord, and rent payments are going to exceed loan payments.

This second house is essentially a small business. The house is a resource for which you expect to receive a future benefit, or in business terms, an asset. The loan is an obligation to fork over assets (specifically cash) in the future, or a liability. And the difference between them, as with your actual home, is your equity.

Houses don't literally just sit there and print money. You might take out a smaller loan to add a swimming pool to the lot, for instance. Or you might build a tree house, or realize you forgot to pay your handyman's fees. This complicates the situation slightly, but not by that much.

Total Equity = Total Assets - Total Liabilities

A real estate corporation managing hundreds of houses and loans, plus a bank account and salaries it hasn't paid yet and so on, its ownership split among dozens of shareholders, follows this same equation. But stating it like this isn't helpful for most accounting purposes; more commonly, you'll see it stated like this:

Total Assets = Total Liabilities + Total Equity

This highlights another perspective on what liabilities and equity represent. Liabilities are, in a sense, the portion of the company owned by (or at least owed to) its creditors, while equity is the portion of the company owned by its owners.

If you only own one or two houses, the exact numbers don't matter much. As long as you make enough money to pay all the bills, you're doing fine. But a big company has obligations to dozens of people—its owners, its creditors, possibly the SEC and similar agencies. A company needs to keep careful track of its assets and liabilities.

Double-Entry Bookkeeping

The origin of the most fundamental accounting technique has been lost to the sands of time. Some say it was invented in Israel under the early Roman Empire, or in Korea during the 11th century, or in Italy during the 13th century, or in India during a century not listed on Wikipedia.

It wouldn't surprise me if it was invented more than once, because the basic concept is dead simple. Your page has two columns. Write assets on the left, write liabilities on the right. Equity goes on the right, too, or something equivalent.

Modern accounting has a lot more rules. But they're all about what you write in each column; this structure has remained constant for almost as long as we have detailed accounting records that haven't crumbled to dust.

The Balance of Debit and Credit

Debits and credits are just the name we give to entries in those books. Increases to assets are called "debits"; increases to liabilities and equity are called "credits". But decreases to assets are credits, and decreases to liabilities or equity are debits.

Speaking very loosely: Debits are things the company wants, while credits are what it pays to get those things.

Remember that equation I showed you earlier? Assets equal liabilities plus equity? If an asset increases, one of three other things happened: Another asset shrank, or a liability or equity grew. If you acquire a new liability, you got rid of another, lost equity, or gained an asset. And so on.

This is the immutable axiom of accounting. 1 × a = a, ΔU = Q - W, debit equals credit. Or to put it another way:

Every transaction must have an equal balance of debit and credit.

What's up with the cards?

Might as well explain this real quick.

From a bank's perspective, your savings account is literally a liability. When you deposit your paycheck, the bank recognizes both cash and an obligation to return that cash. When you withdraw money, the bank reduces its cash, and also your account. Reducing your bank account is a debit, and that's true whether you're withdrawing physical cash or using a plastic card to pay for groceries electronically. It's a card that debits your account.

As for credit cards...well, that's just a case of one word having multiple meanings. "Credit" has its accounting definition, and also the definition of "letting someone borrow money". They're not unrelated—a business borrowing money credits some liability to represent that debt—but credit cards aren't related to accounting credits.

[forlornmelody]

Today's List of Nice Things:

It was a perfect storm of getting in most of my steps at work, getting off work on time with no traffic, to only having 15 pages of a book to read--I GOT SO MUCH DONE AFTER WORK. Installed a slipcover on my couch, cleaned my kitchen floor really good, did a month's worth of bookkeeping (two months left!!) and cleaned my cat's litterbox. Nothing like an impending visit from the landlord to get me motivated, haha.

Speaking of said book, darn you Piper CJ. I thought this series was a trilogy and it's NOT. AND THE THIRD BOOK ENDS ON SUCH A CLIFFY.

Finished another Mario Kart Riddler Trial. It was so stressful my cat had to comfort me, haha.

I now have my hands on Florence + The Machine's High As Hope album. Muhahaha.

That moment in Good Omens when the demons come out "disguised" in medical masks. I DIED.

[justaradioguy]

Consider this both a post listing NPCs that are present on this blog and an open invitation to send them asks anytime! Send in their respective emojis + your question or statement.

Subordinates

Kain answers to more people than he's in charge of, but here are three other communications nerds he is in charge of.

Corporal Nolan Finch - 18 years old, he/him. He can almost always be seen working on some project or another. He's fairly shy and timid, especially to most who outrank him. However, to those close to him, he can be a bit mischevious and even a bit of a smartass. Emojis: ⚙️👥

Sergeant Hadi Riel - 20 years old, she/her. She's very no-nonsense about 99.9% of the time. She's blunt and prides herself on full transparency, honesty, and a great work ethic. Emojis: 🔧👥

Staff Sergeant Milo Landry - 21 years old, he/they. Overall, a kind soul. However, he doesn't trust easily and doesn't have too much to say unless spoken to first. They only play by the rules because the rules aren't quite oppressing enough to be broken. Emojis: 🔒👥

Biological Family

Kain's parents are the only biological family members he knows. Nevertheless, they're here, no matter how insufferable.

Allen Fuery - age unspecified, he/him. A landlord in the well-off part of Central City. He does not consider Kain his son whatsoever and would most likely try to verbally tear him to shreds if they met again. Emojis: 🔑👥

Danielle Fuery - age unspecified, she/her. An accountant/bookkeeper for her husband's business. She's a bit less harsh than her husband, but still does not regard Kain as someone worth having any sort of familial relationship with. Emojis: 🪙👥

Other

Any other NPCs.

Chicken - baby. Exists in the Final Fantasy: Unlimited verse. An orphaned chocobo that Kain found inside the Comodeen and spoils half to death. He loves this little guy like his own child. Emojis: 📎👥

[michaelleafer]

Bookkeeping for New Investment Property Owners

6 Bookkeeping "Hacks" for New Investment Property Owners

Rental homes make great investment. Housing demand means there will always be local residents looking to rent and residential real estate tends to appreciate in value over time. However, its hardly passive income. Managing rental homes is a unique business model that you need to operate to ensure you're making a profit. That means good bookkeeping.

Whether you have one investment property or you are building your portfolio, these bookkeeping hacks can help you maximize your profits, optimize your taxes, and take good care of your long-term investment.

1. Maximize Your Tax Advantages

One property or many, every landlord should know their way around investment property tax deductions. You can save thousands of dollars every year by knowing how to file your taxes. As an investment property owner, you are legally considered a small business owner and you can file tax deductions for all or most of your business expenses associated with operating rental homes.

Common rental house tax deductions include:

Mortgage interest

Property tax

Operating expenses

Depreciation

Repair costs

Improvement Depreciation

2. Consistently Record and Track Expenses

Keep track of the expenses for each separate property.  Consider maintenance, repairs, utilities, property tax: anything that deducts from your operating funds regarding each property. Keep detailed records of expenses, categorized and organized.

From there, track your expenses by category and magnitude. Tag them, organize them, and chart them to reveal patterns. Then, build a financial plan that anticipates repeating expenses and estimates the cost of unplanned expenses per year.

3. Save 1% Property Value for Maintenance Each Year

Create a savings account for property maintenance, or a separate savings account for each property. It is common wisdom to set aside 1% of the property's value every year to cover maintenance and repair expenses. You likely won't need that entire amount every year, but will draw on this savings when big expenses like a new HVAC, roof reinstallation, foundation cracks, or local storm damage repairs are required. 

This simple savings strategy will ensure you have the cash reserves to handle the big expenses associated with home ownership that only strike once every 5-20 years.

Yearly Expenses

Tune-ups for HVAC, Water Heaters, and other major systems

Roof inspections and minor repairs

At least one unexpected and minor-to-moderate repair request

Landscaping and outdoor maintenance

Looming Expenses

Roof replacements

Replacing major appliances like HVAC and water heaters

Periodic storm damage

Major repairs like foundation cracks

4. Maintain Separate Books for Each Property

When you own multiple rental properties,  you can track your profits and expenses as lump sums. However, you will enjoy more refined and precise bookkeeping if you keep separate books for each property. It may reveal expense patterns unique to each property and reveal the profit/expense balance for each individual investment.

You can then use tools to combine the data for an overall look at your investment business finances.

5. Plan for Proactive Maintenance Expenses

Build proactive maintenance into your finances. Calculate the costs of at least one HVAC and plumbing service a year. Consider building an annual maintenance agreement with local services to ensure each property receives a cleaning and tune-up of essential systems (Roof, HVAC, water heater, pool, ect) every year. Whether you anticipate or schedule these expenses, being financially prepared for them will keep your books tidy, balanced, and optimized for realistic cash flow.

6. Make Use of Bookkeeping Software

In the modern era, you don't have to optimize your bookkeeping practices by hand. There are some great bookkeeping software options out there, some even built for the unique needs of rental property investors. Use these tools to easily track and categorize your income, expenses, and operating costs and even prepare your taxes based on the refined data you will be able to track for each property.

Work with Rental Bookkeeping Experts at Leaf Management

Last but not least, you can optimize your investment property bookkeeping with the help of pro property managers like Leaf Management. We have helped hundreds of landlords achieve optimal financial performance. Our skill with expense tracking, maintenance planning, and savvy tax deductions will help to keep your properties profitable and in good condition year after year.

[happilyatomicpuppy]

Buildium Accounting Streamline Your Property Management

Discover the benefits of Buildium Accounting, the ultimate solution for property managers and landlords. With its user-friendly interface, you can easily track income and expenses, manage tenant communications, and generate comprehensive financial reports. Say goodbye to manual processes and hello to efficiency! Buildium Accounting helps you focus on what matters most—growing your property portfolio and providing excellent service to your tenants.

#Buildium #AccountingSoftware #PropertyManagement #LandlordLife #RealEstate #FinancialManagement #Efficiency #TenantCommunication #InvestSmart #PropertyInvesting

[rushproperty]

Rush Property: Streamlined Real Estate Management for Maximum Efficiency

Real estate property management involves managing investment properties. This includes identifying and leasing units to tenants. Property managers also collect rent and other fees, and maintain records.

Successful property managers have a strong grasp of the NYC real estate market and local laws. They have clear and precise communication skills, and an affinity for customer service.

Maintenance

Property maintenance tasks are a significant part of being a landlord, especially when you have multiple properties in your portfolio. They can include a variety of tasks, including handling tenant inquiries, repairing issues, collecting rent payments, and maintaining the landscaping.

Finding the right contractor for a repair can be difficult, and scheduling can be even more challenging. Property management companies usually have access to contractors who specialize in the types of issues that commonly arise, and can manage the entire process for you.

BH Management Services is one such firm, and their primary focus is on residential real estate. They help clients manage co-ops, condos and rental homes by providing a wide range of services, including financial planning, upholding safety and compliance with inspections, monthly reports, fee collection and more.

Marketing

Real estate property management companies offer a variety of marketing services, including SEO, social media, and content marketing. These marketing strategies are designed to attract prospective tenants and build brand awareness. They also help to improve website traffic and increase lead generation.

Realestate property management firms have a diverse range of services to offer investors and landlords, from finding and screening tenants to collecting rent and handling maintenance requests. They also handle accounting and finance matters, as well as investment property sales and purchases.

Many of these companies also provide networking events that can be a great way to meet potential new clients. These events can be very effective for generating leads, and they also allow you to interact with real estate investors and landlords from different parts of the country. Keeping good relationships with these people can be helpful for bringing in new clients, and you should consider offering referral programs to owners, realtors, and vendors.

Tenant Selection

Tenant selection is a critical component of real estate property management that helps landlords find renters who are reliable, responsible, and compatible with the rental. This process involves advertising the property, conducting a thorough application screening, and verifying tenancy eligibility to ensure that the tenant meets standardized financial criteria. Landlords must also comply with fair housing laws and avoid discrimination based on race, color, national origin, religion, sex, and family status.

To screen tenants, property managers review rental applications and request essential information such as contact details, employment history, and a reference list. They can also conduct background and credit checks to evaluate an applicant’s reliability, criminal history, and financial responsibility. They can then prioritize applicants who meet their minimum requirements. Landlords can further refine their screening criteria based on the type of rental and location. For example, in upscale neighborhoods, properties might prefer applicants with higher credit scores and verifiable income that is two to three times the monthly rent.

Accounting

Managing properties requires a lot of accounting and financial tasks. It involves bookkeeping, collecting rent payments, analyzing budgets, and creating financial statements. It also includes maximizing tax deductions and staying up-to-date on real estate law.

A property management company can help you create a chart of accounts and determine the best method for recording your expenses. Some companies use cash accounting, while others utilize accrual accounting. The former method records money coming in and going out as soon as it happens. The latter method records income and expenses based on when the money actually arrives or is paid.

With the retooled business environment, more real estate companies are seeking winning strategies to contain costs for non-revenue-producing functions like accounting. They are leveraging remote-work infrastructure and augmenting staff with outsourced accounting services. For example, Redwood Capital uses SmartSource Accounting for a cost-effective way to support its busy financial team.

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Reap The Benefits of Payroll Services

Our team of skilled payroll professionals provide managed payroll services london and payroll advice to you to navigate this complex landscape. Our professional payroll team can reduce your payroll overhead costs whilst improving efficiency. We operate a completely flexible, low cost and accurately managed payroll.

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An Insight Into Property Management And What Benefits It Entails For You

Rental properties are extensively observed as outstanding income-generating assets. By procuring residential or commercial properties and renting them out, you can earn a considerable income. However, handling a positive rental real estate business comprises more than just collecting rent. Ensuring a comfortable living environment for tenants and promptly addressing repair and maintenance issues are crucial. This is where property management services can be extremely beneficial.

Property managers handle a diversity of tasks. From tenant screening and rent collection to property management and financial record maintenance we do it all.  Let's delve into property management and discover the advantages it offers to property owners.

What is Property Management?

Property management comprises overseeing residential or commercial real estate assets, such as apartments, luxury estates, malls, and office complexes. The principal goal is to enable smooth operations for investors. It allows clients to emphasize other aspects of the investments. Our property management team in Fuengirola oversees the operation, control, and maintenance of properties. We do it carefully to preserve the property value and generate income.

How Can a Property Management Company Help You?

Investors and landlords hire our property management team in Fuengirola to handle rental property operations. Our team of professionals creates budgets, markets properties, and screens tenants. We guarantee the efficient operation of your rental business. Here are some significant responsibilities of property managers:

Tenancy Management

Property managers fill the positions by finding suitable tenants. We confirm tenant profiles meet building association necessities. We are checking credit scores, references, and criminal histories. We may also verify employment status through workplace visits if necessary.

Fixing Rents

Our property management team determines rent values based on local market conditions and nearby property statuses. We establish rental guidelines and methods for rent collection. We verify that utility bills and society charges are paid by tenants.

Property Inspection

Regular property inspections keep you informed about maintenance and repair issues. Our property management team in Fuengirola reviews for safety, pest control, architectural, electrical, and landscaping concerns. We also update amenities during tenant transitions or as needed.

Offering Legal Services

Knowledge of laws is essential for running a real estate business. We manage all legal matters, from tenant screening to resolving disputes. We do the lawyer consultation to ensure compliance with the law. We also provide legal advice for gaining important documents like encumbrance certificates.

Managing and Maintaining Financial Records

Our property management team in Fuengirola creates and manages budgets, focusing on operational costs and contingency funds. We handle bookkeeping, maintain financial records, and ensure transparent relationships with tenants. It helps in filing yearly taxes hassle-free.

What to Look for in a Property Manager?

Property management requires excellent organizational and communication skills. We have analytical and problem-solving abilities. We also have in-depth knowledge of the real estate industry and associated laws. Some of the skills to look for in a property management agency include:

Excellent Communication Skills

Property managers connect you with tenants and must answer investigations and grievances promptly. Excellent written and verbal communication skills are essential, along with the ability to communicate through automated systems.

Exceptional Knowledge of Real Estate Laws

Our property management professionals must stay updated on real estate laws and regulations. We provide advisory services and handle legal disputes.

Risk Management

We can plan the risk management strategies for residential and commercial properties. We can address the risks related to fire, natural disasters, and personal threats.

Long-Term Planning

Successful rental real estate businesses require long-term goals and strategies. We can identify and address issues, cut unnecessary expenses, and ensure proper maintenance and repair.

Marketing Skills

Experienced property managers handle real estate digital marketing, property valuation, and advisory services. We provide online coverage, update listings, and create property portfolios.

Types of Property Management

Property management varies by property type. Some firms specialize in specific types of property management:

Residential Property Management: Managing residential properties and responding to tenant inquiries and complaints.

Commercial Property Management: Overseeing commercial properties such as hotels, malls, restaurants, and office buildings.

Industrial Property Management: Managing industrial assets like manufacturing facilities and distribution centers.

Special-Purpose Property Management: Managing properties with unique objectives, such as theaters, sports arenas, hotels, resorts, senior care facilities, schools, and worship centers.

Engaging our property management professionals can save time and resources. It ensures consistent cash flow and addresses tenant-landlord issues efficiently.

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Whether you're a small business owner, landlord, contractor, freelancer, startup or non-resident, we're here to help.

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Why Choose our Property Management Companies in Birmingham

A connection between landlords and tenants is necessary for a successful investment, and commercial property management services offer just that. Our Property management companies in Birmingham guarantees that you may get precisely what you need by offering a wide range of property management services for both large, countrywide portfolio investments and single-unit properties. Our staff constantly strives to go above and beyond your expectations by coming up with innovative solutions for value-adding opportunities in addition to the standard administrative and managerial chores.

We offer tailored services

Being one of the best property management companies, we tailor our offerings to each client's particular requirements and wants. Our employees always go above and beyond what is required of them by searching for "value adding" possibilities in addition to managing day-to-day administrative and management duties. They take great pride in giving our clients and their renters the best service possible.

Property management services tailored to your requirements

•          Control and handling of service fees in accordance Legal compliance with health and safety regulations

•          Property maintenance and repairs

•          Administration of the facilities, including, if required, employing staff to work there and managing leases

•          Scheduled preventative maintenance

•          Proactive management of resources

Our preference is to ensure that assets bring in money and that rent is paid on time. A property accounting staff that generates clear reporting assists our management team. We also offer a facilities management service, which helps to keep everything under control and oversee committed contractors and site personnel. We understand the need of quick turnaround when it comes to the management of your business. As a result, you will have a dedicated property manager who is well-versed in all aspects of your development. As one of the best residential property management companies in Birmingham, we have the staff, resources, and expertise to support residential and right-to-manage building operations on a daily basis. Among other things, we can assist with building insurance, bookkeeping, and safety regulations. To learn more about how our Birmingham office can assist you with property management, contact us right now.

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Maximizing Investments in Real Estate: The Job of Accountants for Property Investors

In the domain of land, property speculation remains as a worthwhile road for abundance creation. However, more than just a keen eye for opportunities is required to navigate the complexities of property investment; It necessitates a comprehensive comprehension of the financial complexities and tax implications. This is where accountants for property investors arise as crucial partners, directing financial backers through the labyrinth of monetary administration and improving their profits.

In addition to providing standard accounting services, property investment accountants offer a wealth of expertise. As strategic advisors, they assist investors in creating tax-efficient investment structures, reducing liabilities, and increasing profits. These professionals are crucial in ensuring financial success and regulatory compliance, from the initial acquisition of properties to ongoing portfolio management.

Tax planning is one of the primary responsibilities for accountants for property investors. By utilizing their insight into charge regulations and guidelines, they assist financial backers with gaining by accessible derivations, credits, and motivating forces. Depreciation schedule optimization, tax-deferred reinvestment with 1031 exchanges, and effective capital gains tax mitigation are all examples of this. Accountants can significantly boost the after-tax returns of property investments through proactive tax planning, which ultimately benefits investors' bottom lines.

Additionally, accountants offer valuable insights into investment properties' financial performance. They offer practical suggestions for increasing efficiency and profitability by thoroughly analyzing cash flow, income, and expenses. Their expertise enables investors to make informed decisions that drive long-term success, whether it involves renegotiating leases, optimizing operating expenses, or identifying opportunities for value-add initiatives.

Notwithstanding monetary administration, bookkeepers assume a critical part in risk relief and resource security. They assist financial backers with organizing their interests in a way that safeguards their resources from possible liabilities and claims. This incorporates laying out fitting lawful substances, for example, restricted obligation organizations (LLCs) or trusts, and carrying out resource assurance techniques that defend individual and venture resources the same. Accountants ensure that investors can pursue their goals with confidence and peace of mind by proactively addressing risk factors.

Also, accountants keep investors up to date on tax legislation changes and compliance requirements in a regulatory environment that is always changing. They provide timely updates and direction to help navigate regulatory complexities and avoid costly pitfalls as trusted advisors. Their expertise aids investors in complying with environmental regulations, landlord-tenant regulations, and tax reporting requirements while maximizing financial efficiency.

In conclusion, accountants for property investors need the help of accountants if they want to succeed financially in real estate. Investors are able to confidently and clearly navigate the complexities of property investment thanks to their specialized knowledge, strategic guidance, and proactive approach. By utilizing their skill in charge arranging, monetary administration, risk relief, and consistence, financial backers can streamline their profits, relieve liabilities, and construct a vigorous portfolio for long haul abundance creation. In the powerful universe of property speculation, cooperating with an educated bookkeeper can have a significant effect among unremarkableness and dominance.