fbpx
Call or Text: +1 (281) 949-8755
info@apmhelp.com

Tag: Property Management

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…

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…
Read more

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…
Read more

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…
Read more

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…
Read more

Double dipping on Move-In lease fees & commissions

What does this mean to double dip on lease fees and management fee commissions at the time of a move-in? Let’s start with where the issue begins. The problem begins during the move-in process when the property page is set to charge a lease commission placement fee and a percentage of the rent for the…
Read more