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Category: AppFolio Tips

Owner Transparency is Key

Property management companies have a lot of responsibilities, among collecting rent, leasing properties, coordinating maintenance departments, and paying vendors. One of the biggest challenges is providing accurate Owner Statements month over month. Keep reading if you’re interested in learning how to remain transparent with your owners, and maintain reliable books! The Owner Statement At minimum,…
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Get to Know the Software Lingo

ACB, TTO, RUBS, CAM…the list goes on! Propertyware and AppFolio have a different language sometimes, and it can get confusing. Today, we are going to give a “cheat sheet” so you don’t have to decoding those confusing lingo-filled emails on your own! Bank Reconciliation/Bank Slang ACB – Adjusted Cash Balance, this is the third section…
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Move Outs in AppFolio

In the property management industry, there are a variety of ways to complete move outs. It is dependent on your cash and bank setup, the account you can write checks from, and the ability to make online transfers. In today’s blog, we are going to discuss AppFolio move out accounting and processes to make sure…
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Tis’ The Season for 1099s

It’s nearly tax season, but that doesn’t have to equal stressful, sleepless nights of preparation. AppFolio simplifies the 1099 process, making it possible to submit your documents to the IRS in an accurate and timely fashion. Learn more on tax preparation in today’s blog!

You’ve Switched to Propertyware or AppFolio – Now What?

The switch from a software you’ve been using for years to a newer software can be exciting and challenging. It is important to familiarize yourself as soon as possible, which means training! Today, we dive into some of the available resources to help you and your team become comfortable with AppFolio or Propertyware. Those Post-Switch…
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Stand Apart From The Rest

The Property Management industry is full of competition, giving potential renters numerous options at their fingertips. It’s important to know what they are looking for so that you can accommodate them and separate yourself from the guys next door. It’s not just the shiny countertops, updated fixtures, and clean carpeting that we’re talking about here…

A Bookkeeper’s Code of Ethics

I am not required to do continuing education but I do it. I continue my education to be the best in my field I study with no intrinsic value. I give away examples of my expertise. I strive to be the smartest person in the room. I acknowledge myself as the smartest person in the…
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Reconcile Your Bank Accounts

I know for a fact that there are companies that do not do monthly reconciliations. Property Managers don’t recognize the importance of reconciling their bank trust accounts. To think about reconciling your bank accounts, you’ll think about a 3-way reconciliation. It is an audit requirement to reconcile your bank trust accounts in many states. A…
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Keep Bookkeeping Simple

How can you keep bookkeeping simple when you may not know how to do bookkeeping? Simply just take the time and do it. Avoid the rabbit holes. Part of the human condition is allowing conflict instead of to keep things simple so that we can stay focused enough to get things accomplished. While collaborating there…
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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.