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Month: September 2019

A Viable Property Management Maintenance Solution

I met Keri Picciolo today of Palomar Property Services to find out more about what led her to finding a viable property management maintenance solution. You can read more about this company at PalomarPropertyServices. I was interested to learn that Palomar Property Services Property Management was founded in 2008 by its founder John Vogel. Keri…
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Accounting for a Tenant’s Bad Debt in AppFolio

A tenant has moved out leaving a $400 balance of bad debt on their tenant ledger. The property manager feels that she will never see payment for the $400 balance. She is not sure what to do with a tenant’s bad debt.

A Prepayment Is Not Cash Income

In AppFolio, a prepayment is typically for rent that is received before it is due. It is treated as a liability and the GL account will often be called Prepaid Rent. It will probably be set up as is the following: Because prepaid rent is accounted for as a liability it cannot be used for…
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Owner Held Security Deposit Scenario

Property Management Company Takes on New Property with an Existing Tenant The scenario is that a Property Manager acquired property that has a tenant in place and tenant’s Security Deposit had previously been paid to owner. Later in time, the tenant decides to move out. The owner is notified but office staff mistakenly only ask…
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Our mission and commitment to our clients.

We have been asked by you, our customers, about recent changes in our mission and related work to achieve our mission. In this regard, we gladly embrace transparency. Originally, our mission was to help clean and keep clean property management companies (PMC). Our mission has since evolved to not only continue this work, but also…
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Deposit Disposition Letters in AppFolio

Have you ever wanted to edit the disposition letter in AppFolio? Maybe you’d like to modify it so that there is not a phone number included. This can be done and here’s how: Navigate to the Reporting section and then select Letters from the subtask of menu items from the left side navigation panel. In…
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We Love Lauren!

Lauren Crosby is a valuable member of our team and we love her just as much as our valued client, Jesse Turner does. Would you like a free 30-minute consultation with Lauren to see how she can meet with YOUR expectations? We can make that happen. Contact us today at (281) 949-8755 or email us…
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