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Entity Distribution vs Property Distributions

Here’s a head’s up for something to watch out for in Property Management Trust Accounting software such as AppFolio. The scenario would be if you ever run a property negative (which definitely could happen) – because this is property-based accounting, it will actually draw the entity negative which results in an illegal commingling of funds.…
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Rent Credits to Tenants

Here are some commonly asked questions about Rent Credits to Tenants, “What GL account would I use for rent credits to a tenant?”; “Would we use an other GL account?”; and “Does it matter whether this is set up as an expense versus income?” These are good questions. Tenant credits need to be accounted for…
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Non-Sufficient Funds Payments from Tenants

Here’s a scenario in which the Tenant has bounced payments more than once and you no longer want to allow this to continue. What are the Property Manager’s options? To start, it is important to consider that most property managers prefer that payments are made electronically. This saves time and virtually eliminates the possibility of…
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Testimonial — APM Help Allows Property Managers to Feel Safe

APM Help wants you to feel safe too. Get expert property management accounting services, and get your books clean. Call (281) 949-8755 or e-mail info@APMHelp.com today for a free 30-minute consultation. We also welcome you to comment below with any questions that you may have as well.

The Future is NOW. The Future for an Owner Operator Property Management Company is Grant Wierson.

Grant was born and raised in Urbandale, Iowa. He has an older brother that is a scientist, the father is an accountant and mother is a homemaker. Grant has always been passionate about Real Estate, some of which has probably been a result of seeing big beautiful homes while on vacation to the Lake of…
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Lauren is Original!

Lauren Crosby was a big part of the beginning of the APM Help Team. First there was Taylor to come up with the idea of a “team” and then there was Lauren. How Did She Become Involved with AppFolio? Lauren began her initial experience with AppFolio at the Dallas office of AppFolio in the customer…
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Security Clearing Account

What is the Security Clearing GL Account? Every AppFolio database includes a list of key GL accounts (the Chart of Accounts) prior to going live with AppFolio that includes a Security Clearing GL account. This account is not necessarily an income, expense, asset, liability or capital type GL account. Security Clearing is a pass-thru GL…
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Sometimes it’s all about Taylor

Sometimes it’s all about Taylor because Taylor Hou has a huge following amongst the property management community, one of which includes Erika Lamb with Welcome Home Real Estate & Property Management. Welcome Home manages higher end single family homes and you can find out more about them at www.welcomehm.com. There you can learn more about…
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Triple Tied Out: Three Times A Charm

The AppFolio Accounting system has a three-way reconciliation process that APM Help commonly refers to as Triple Tied Out. A three-way reconciliation is the comparison of the ending balance of your bank account, the cleared items within the current month, and the cumulative running “adjusted” balance for all of your ledgers to date. That was…
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ACT Property Mgmt – Kelly Vance

Kelly Vance is the Property Manager of ACT Property Management in Texas. When asked about what she sees as key elements and property management trends of the Property Management industry she answers that it is,” the communication between all parties (owners, managers, accounting, and tenants) with the addition of successful social media. Her interest in…
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