Property Management Accounting Expert Interview (Brandon Hall)

Brandon Hall (The Real Estate CPA) talks with Buildium about property management accounting best practices. Topics covered include basic accounting concepts, areas of data that property managers should track, and what property managers should look for when hiring an accountant.
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[@rentospropertymanagementso4895]

Property management is equally important as of owning the properties. Thank you for the helpful discussion.

[@bbenjers]

0:39 One of the big confusions: capital expenditures
13:20 "Clean being can I pull them up today (if you called me); can I login to your software & run a Profit & Loss Statement thru today."
15:50 "Structure for your operations, being super-efficient, being organized, having the right bank accounts like we talked about b/f setup so the machine is well-oiled b/f you grow...is one of the critical critical pieces."
16:21 "If your operations aren't getting better, then you just setting yourself up for failure."
18:07 "What could you be delegating."
19:25 Offload low-value tasks while identifying critical business tasks.
21:51 "There's nothing worse than slow reporting from a client experience standpoint."

[@aaronkizza2654]

Very wonderful presentation, thanks.

[@TheChrisb2283]

Awesome info and insight

[@suzettejonestravelinfo]

time tracking : i can buy into that !

[@mariogoldberg8258]

Hi, with more than 5,000 views you should have more than 5,000 likes !!!! I liked .

[@evetaylor2765]

We didn't stay long enough to like it...

[@julieludwig8927]

I use QB as my Own Company software.
I’m contemplating Appfolio or Buildium scaling forward.
PS: I’ve always kept separate Security Deposit account at the Bank.
It’s illegal not to.
Signed…Attended College in PM/Brokers License.

[@janelacson4774]

Capex are assets. I work as a Buildium Bookkeeper. I set up, clean and maintain Buildium accounts. I charge $20/hr

[@kaysiemassie3698]

how do we get in contact?

[@yingzhang3387]

how can we contact you? thank you

[@antoniosena4081]

Does someone could explain how to set up a chart of accounts for each property on Buildium? Often times is no practical use the same chart of accounts for multiples properties.

[@denichapunk7086]

how to change my account in buildium as a manager to staf

[@sahillarya06]

You can’t call an expense repair if you are taking to BS

[@ollaaljboul7542]

I truly did not find this helpful in anyway. He talks about multiple different softwares which I’m sure most of us have looked into, yet he speaks nothing about integrating them so that can work together. Having “clean” accounting is not advice that is used it’s the absolute standard jeez

[@jagprakash]

Didn't watch the whole thing but how can you not be able to lock past periods and still call it accounting software. I like buildium but this is disappointing