The low some people will go Hearing about instances of fraud is pretty much the norm these days. People pray on the vulnerable (quite often the elderly), pretending to be someone they are not and swindling money from the unsuspecting. Unfortunately, the Property Management industry is not immune. Bond theft remains the number one misappropriation of funds within the Property ... read more >>
So you know you need a contingency plan. But where do you start? Step #1 Your first port of call is to contact your accountant. Together, you can set up systems so should something ever happen, there is a simple solution to implement changes. Have you considered the following? Will your partner be able to afford the mortgage? Will the ... read more >>
What to expect when you least expect it "What will happen to my Real Estate Agency if I die or am seriously injured?" No one likes to think about what would happen if they died or are seriously injured. It's just not in our DNA. Yet we need to. Especially if you are Licensee in Charge of your Agency. What ... read more >>
Sorting your Internal Processes Lesson #1 Lately, we are giving some tips on how to finetune some of your internal processes. This month, our focus is on Landlords with multiple properties. So let's look at: How to Separate Statements for Landlords with Multiple Properties EOFY is an opportune time for many things. Cleaning up your accounts for one. And another ... read more >>
2020. Let thee count the ways we are happy to see the back of you. We have seen all our clients through some hard times, as well as some hard times of our own. It has come time to finally say goodbye. Don’t let the door hit you on the way out (or do). So let's recap the year that ... read more >>
Today we bring you two issues we are seeing crop up frequently in trust accounting forums and discussions relating to bulk Bpay and overseas transactions. We see clients discussing the limitations of their trust accounting software when it comes to processing Bpay in bulk and paying into overseas bank accounts. We set the record straight. Bulk Bpay We'll only say ... read more >>
We are officially in the lead up to the End of Financial Year (drumroll). This trust accounting EOFY leadup has been unlike any other we have seen in our lifetime. With the impact of COVID still too fresh, throwing EOFY into the mix might be enough to tip some over the edge. So we want to step in and help ... read more >>
The Consequences of Real Estate Agent Misconduct No matter what industry you are in, there are rogue traders who will attempt to deceive. They cross the lines of not only ethical behaviour, but illegal behaviour. We have touched on this subject before in regards to Real Estate Bonds and bond theft. Over the years there have been many accounts of ... read more >>
Software Compliance One Size Fits all Approach When it comes to trust accounting software compliance we believe that one size does not fit all. Just because one product is compliant in one state, does not make it compliant across Australia. There are many Trust Accounting software products offered on the market that skate a fine line between compliance and non compliance. ... read more >>
