The Barrington Guide to Property Management Accounting (eBook)

Catering to Real Estate owners, property managers, property bookkeepers and accountants, the Barrington Guide to Property Management Accounting utilizes short chapters, real-life examples, and easy to understand explanations of core concepts central to both property management and accounting. Whether you are an experienced property owner or a new bookkeeper at a property management company, a veteran property manager or CPA, or day dreaming about starting your own real estate empire, the Barrington Guide to Property Management Accounting is here to help.Divided into five sections, each dealing with a specific part of accounting, ownership, or management. The first part is a brief overview of accounting and how it applies to property ownership and management. The second part provides information on property ownership, from property types, leases and leasing, to invoicing and statements, and working with tenants and vendors. The third part is directed at the budding property mogul, and how to hire and utilize the correct professionals to be successful. Part four is focused on in-depth accounting, including choosing an accounting basis, utilizing often heard accounting terms such as Accounts Payable and Accounts Receivable, as well as Depreciation and Amortization. Part five showcases a sample company and the accounting needed for the initial years of a property management company.Divided into five sections, each dealing with a specific part of accounting, ownership, or management. The first part is a brief overview of accounting and how it applies to property ownership and management. The second part provides information on property ownership, from property types, leases and leasing, to invoicing and statements, and working with tenants and vendors. The third part is directed at the budding property mogul, and how to hire and utilize the correct professionals to be successful. Part four is focused on in-depth accounting, including choosing an accounting basis, utilizing often heard accounting terms such as Accounts Payable and Accounts Receivable, as well as Depreciation and Amortization. Part five showcases a sample company and the accounting needed for the initial years of a property management company.