A reserve study is important to budget planning because it is used to determine whether there are enough funds to cover your association’s ongoing and future costs. Your board uses this information to plan future expenditures and avoid underfunded situations by determining what amount is adequate for its reserve fund. A community’s reserves are anywhere…
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At MyPropertyBilling.com LLC we strive to provide expert condominium financial management services. In today’s blog, we will be discussing the crucial function of having a condominium financial management company and how it contributes to the financial stability of your property. Let’s delve into the details! Streamlining Financial Operations Efficient financial management is the backbone of…
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1. Accountants Just Aren’t Enough. Managing an HOA or Condo Association is more than paying bills and managing accounts. There are state laws and regulations to follow, and then there’s always the unexpected urgent capital project “fix”. (Not to mention delinquent payments – are you calling advantage of our property management knowledge and your neighbors to tell them their dues are…
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Real estate has increasingly become a lucrative investment for many people worldwide. However, investing in real estate doesn’t just mean owning a property. It extends far beyond that to include the nitty-gritty details of managing the finances of that property. MyPropertyBilling is a platform that can help you make better decisions about your properties by…
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With rental property management software and professional bookkeeping, you can take control of your condominium finances. But with so many options on the market, finding the best solution for your needs can be a challenge. Here are four tips to keep in mind when selecting the best condominium financial management software.
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When it comes to rental or HOA properties, the financial management team is responsible for everything from collecting payments to issuing invoices and preparing income reports. MyPropertyBilling.com offers boards and rental managers the professional bookkeeping and property management tools they need to ensure that their finances are properly managed.
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As a property manager, effective communication is essential to make sure your rental property management services run smoothly and efficiently. To stay organized and connected with both tenants and owners, it’s important to have the right tools in place. At MyPropertyBilling.com, we offer a rental property management software to help streamline that process. Here are…
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The holiday season is supposed to be a time of joy and celebration, but for some, it can be a nightmare. Noisy neighbors can make it hard to have peace and enjoy the festivities of the season. If you’re a tenant, there’s a good chance your landlord or property manager can help you deal with…
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As we dive deeper into 2023, the word recession lingers. As a natural reaction, we want to clench tightly on the monies we have and spend less. Therefore, we have found four tactics that will allow you to save money and diversify your investment portfolio.
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If you’ve purchased a condominium as an investment property, you may find yourself in a new position as a condo manager. This role can be rewarding, but you need the right skills and attitude to be successful and keep your tenants happy. Not sure where to begin? Read on as MyPropertyBilling.com shares four tips for…
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