9 Property Management Bookkeeping Basics to Get You Organized

Bookkeeping may not be why you got into property management—but it’s one of the most important skills for running a successful business. In this video, we’ll walk through the essentials of property management bookkeeping: what it is, how to set it up, and how to make it work for you. Links: Property Management Bookkeeping Basics: https://bit.ly/4noPl0t Property Management Chart of Accounts: https://bit.ly/46XtOWD Property Management Income and Expenses: https://bit.ly/46Bygck Buildium Accounting Features: https://bit.ly/4mzxceY Sign Up for a 14-Day Free Trial: https://bit.ly/3VCPBN6 Schedule a Demo: https://bit.ly/4mFfo1X --------------------------------------------------------- 0:00 Intro 0:37 What Is Bookkeeping? 0:47 Why It Matters for Property Managers 1:02 Setting Up a Solid Bookkeeping System 1:07 Chart of Accounts for Property Management 1:14 Ledgers & Tracking Income/Expenses 1:23 Staying Organized with Bank Reconciliations 1:39 Multiple Bank Accounts: Operating, Security Deposits & Reserves 2:07 Common Mistakes to Avoid 2:28 Time-Saving Tips & Automations 2:55 Simplify Bookkeeping with Buildium 3:24 Reviewing Your Current System 3:34 Free Trial & Demo 3:41 Final Takeaways: Stay Compliant & Grow with Confidence 3:56 Outro & Subscribe