RENT Magazine Q4'23

WHY LANDLORDS NEED SPECIALIZED ACCOUNTING SOFTWARE

While basic accounting software can record transactions and manage finances, when it comes to maximizing tax deductions, standard tools often don't account for property management's unique challenges and opportunities. Specialized accounting software is more than just another digital tool — it's a strategic partner for landlords in today's competitive real estate market.

STANDARD TOOLS OFTEN DON'T ACCOUNT FOR PROPERTY MANAGEMENT'S UNIQUE CHALLENGES AND OPPORTUNITIES.

TRACKABILITY

AUTOMATION

CLOUD-BASED ACCESS

The best accounting tools for landlords today are cloud integrated, allowing access to financial overviews from anywhere.

Specialized software offers a comprehensive

Specialized software offers automation capabilities tailored for many financial tasks in property management, such as monthly rent collection or recurring maintenance costs. Landlords can set parameters, such as due dates for rent, categorize types of expenses, and even set reminders for irregular property-related costs.

platform to monitor everything from rent payments to property- related expenses.

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