How do you set up accounting for property management?

Answer SEBI stands for Securities and Exchanges Board of India. It is the governing body for all stock market related instruments in the country. No company is listed in it.Companies are listed either in ... Read More »

Top Q&A For: How do you set up accounting for property manag...

What are the software brands used by The Taj Group Of Hotels use for its Property Management Systems including Front office POS Back office accounting materials management F and B Costing?

Dont know now but till few years Front Office POS was Fidelio and in Restaurants was ShawmanI am with Taj group of Hotels and they use Fidelio as PMS, i am not sure about other areas.

What is the accounting treatment for Sinking fund in a property management company?

There are several state laws that govern property management in California. Apparently, a real estate license is required there in order to manage property. You can inquire at your local city hall ... Read More »

If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?

That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and ... Read More »

How long can a property management company hold the owner's reserve funds once the property management agreement has been terminated?

This time period may or may not have been defined in your contract. Call other property managers in the same industry in your locale, and ask the question about the time period.Then, send a letter ... Read More »