Leases are bulky but essential documents in every real estate business. These documents carry important clauses, making lease management even more difficult. Reading leases every time a tenant wants to sign them can be time-consuming. Instead, lease abstracts serve as a summary of the original docum...
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lease liability, lease, real estate, property management, outsourcing, property management software, property accounting, reconciliation, business, CAM reconciliation, lease abstraction, CAM, common lease abstraction, FASB, financial accounting standards board, lease data, latest technology, outsource lease abstractions
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As a property manager, accounting is a significant part of your work. In 2020 alone, 5.64 million existing homes were sold in the US. With so much transactional data, you need to have strong accounting skills to maintain a realistic picture of your company's financial health.
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