![]() Property management accounting is landlord accounting. Overview: What is property management accounting? Read on to learn how to set up a system for your property management accounting. But was that cigarette smoke I smelled in the living room?Īccounting for your rental properties doesn’t have to be this stressful. I was reasonably sure the condo would not explode anytime soon. ![]() Several hundred dollars, an irritated tenant who came home early to a 50-degree apartment, and a few days of high blood pressure later, the furnace was fixed. I quickly turned off the gas and called the gas company. When I got there, I discovered the furnace had come completely off the wall. The other tenant said he was out of town and couldn’t check, so I left work to run to the condo and make sure it wasn’t about to explode. One tenant texted right away and said that he had checked everything and it was all good. Next I had to make sure our rental properties were OK. I quickly checked my water heater and furnace to make sure we didn’t have any gas leaking. Earlier this year, we had an earthquake here in Utah.
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