Balancing Risk and Control: Financial Strategies for Property Managers
NARPM Radio
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Mastering Financial Management in Property Management
This chapter explores the essential financial practices crucial for effective property management, focusing on the need for diligent accounting and regular financial reviews. It highlights key performance indicators (KPIs) that property managers should track, such as profitability metrics and the importance of accurate reconciliations to prevent discrepancies. Additionally, the discussion covers financial strategies, including cash versus accrual accounting and the benefits of positive pay for enhancing transaction control.
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