A property manager or property management company has its own unique challenges in terms of proper bookkeeping and accounting. But all can benefit from a few simple tips that reduce time and costs while improving the results. One effective method is outsourcing bookkeeping & accounting tasks to qualified sources such as CrystalVoxx.

CrystalVoxx provides top-level bookkeeping & accounting services for a low, competitive price. But outsourcing your accounting and bookkeeping is just one of several methods you should consider when looking to save money and avoid costly expenses.

Regular Maintenance

By being proactive in schedule maintenance for your plumbing, structural, and electrical needs, you can reduce the chances of having to pay for expensive repairs. Catching a small leak in the roof, a part that is wearing out on the air conditioning, or regularly cleaning out the drains can reduce the chances of a more expensive situation arising.

You cannot avoid all repair situations, but you can reduce them considerably when you employ proper maintenance to your property.

Reduce Utility Costs

Becoming more energy efficient not only benefits the environment it bolsters your pocketbook. Some simple techniques include the following.

  • Replacing incandescent bulbs with LED’s
  • Installing energy-efficient appliances and thermostats
  • Using low-flow shower heads, faucets, and devices

By applying small savings across the board, you can save a lot on you utility bills.

Automation

There are a few aspects of property management that can be automated. This saves you time and effort while making it more convenient for your tenants. Such services that can be automated include the following.

  • Collecting rent
  • Executing work orders
  • Handling evictions
  • Bolstering communications

The more you can automate such services, the more time you will have to attend to the other needs of the property.

Paid Services

While having a pool or gym is a definite plus for your tenants, it can also be expensive to setup. Look instead at cheaper, but no less important paid services such as the following.

  • High speed internet
  • On-site ATM
  • Added tech options
  • Coin-operated laundries or paid parking

Plus, you can contract with local companies that offer landscaping, construction, or renovation to provide inexpensive maintenance to your properties.

Other money-making incentives include focusing on gaining 100% occupancy through selective lowering of rent. Better screening to get good tenants. And by using the best software to help manage the income and expenses. The more you know about where the money is spent, the better you can plan in lowering expenses and keeping more money.

For the property manager or property management company that is looking to lower expenses and have more cash on hand, following simple practices offers considerable advantages. This includes outsourcing your bookkeeping & accounting tasks to CrystalVoxx. Offering the best in bookkeeping and accounting services, CrystalVoxx works with you to ensure that you have accurate records while paying less and having more time to manage the other tasks that are part of running a valuable property.