The Market with the Highest Rent Rate in the Country is…

If you think of the most expensive rental markets in the country, several cities come to mind.  New York, San Francisco, Miami, Los Angeles, Seattle, and Washington DC, are probably among them.  What if I told you where there was a region with average rents almost 24% higher than any of those cities for comparable living space?  You may now be trying to identify any large markets I had left out.  You won’t find one— you probably won’t be able to even find the most expensive rental market  on a…

Which Accounting Method does your Property Manager Use?

There are two commonly used accounting methods utilized by professional real estate management companies.   One is the cash basis and the other is the accrual basis and both methods are widely used and accepted in the industry. By far the most common method, and the one generally preferred by property owners, is the cash basis.  As the name implies, the cash basis method of reporting reflects all items of income and expense when they are received or disbursed from the bank account.  The major benefit of this method is that…