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No Tricks, Just Treats

This Halloween, APM Help is handing out all treats, no tricks! Our mission is to help our clients clean up their books, and then keep those books clean. No disguises, no masks, no gimmicks. Treat yourself, and learn more about how our company can help you get back on the broom.  The Candy of the…
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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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The Property Management Maintenance Professionals

The Electrician Conspiracy Theory In this “real-life situation” our tenant is unhappy due to a blown fuse box. She refuses to believe that its because of everything plugged into the same power bar. The tenant thinks its all a conspiracy from the electrician but a good property management professional can help her reason this all…
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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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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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