by Conor Looney | CEO | Aug 23, 2024 | Finance & Accounting, Real Estate
In real estate accounting, the evolution of offshore support has transformed the way property management companies handle their financial operations. Offshore support has shifted from being a niche service to becoming a crucial component of the global real estate...
by Conor Looney | CEO | Aug 20, 2024 | Finance & Accounting, Real Estate
A property management company manages several multifamily residential buildings across States. The company regularly works with numerous vendors, such as maintenance contractors, utility providers, landscaping services, and suppliers of building materials. The company...
by Conor Looney | CEO | Aug 14, 2024 | Finance & Accounting
Extending credit is a common practice for many businesses. However, it can often lead to cash flow problems if not managed properly. Let’s take an example here. Suppose you are a business owner trying to stay competitive by offering extended credit to your...
by Conor Looney | CEO | Aug 6, 2024 | Legal
The escrow process plays a crucial role in real estate transactions, ensuring that a neutral third party safely holds funds and documents until all conditions of the sale are met. However, navigating the legal framework of escrow can be daunting, as regulations vary...
by Conor Looney | CEO | Aug 3, 2024 | Finance & Accounting, Real Estate
In property management, efficient accounts receivable (AR) management is a cornerstone of financial stability and operational success. Delinquencies, or late payments from tenants, can severely disrupt cash flow, affect profitability, and strain property managers’...
