You said your were OCD about cleaning…

Slides:

Advertisements

Similar presentations

The Difference Between Renting and Owning a Home

Advertisements

Renting vs. Owning The Difference Between Renting and Owning a Home.

Neighborhood Stabilization Program Request for Qualifications (RFQ) Property Management Companies November 4, 2009.

Payroll Accounting, Taxes, and Reports

Copyright © 2008 Delmar Learning. All rights reserved. Chapter 18 Financial Management of the Medical Practice.

Greenville Property Management Gotling Property, LLC.

RENTING 6.07: Major Expenditures. © Take Charge Today – August 2013– Major Expenditures – Slide 2 Funded by a grant from Take Charge America, Inc. to.

Real Estate Principles and Practices Chapter 15 Property Management © 2014 OnCourse Learning.

LESSON 13-1 Payroll Accounting, Taxes, and Reports

CHAPTER TWENTY SIX PAYROLL PROCEDURES McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved

Chapter 12 Preparing Payroll Time Cards. 2 L 12-1 Paying Employees page 341 Money paid for employee services is called a salary. The period covered by.

Payroll Liabilities and Tax Records

Unit 03: Financial Literacy Vocabulary. Available Balance The amount available in an account for a person, business, or organization to spend. How much.

Renting vs. Owning The Difference Between Renting and Owning a Home.

Sales and Income Tax. Sales tax – a tax that is added to the cost of goods or services based on the percentage of the cost. Income tax – A tax that is.

Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.Glencoe Accounting Computing Gross Pay Calculating Gross Earnings Section 12.1 gross.

RENTING VS. OWNING FAMILY ECONOMICS AND FINANCIAL EDUCATION TAKE CHARGE OF YOUR FINANCES.

© 2011 wheresjenny.com Rent an Apartment RENT AN APARTMENT.

Chapter 12 Property Management.  The role of the property manager is to manage the property with the objective of securing the highest net return for.

Chapter 8: Preserving Your Credit Lesson 8-1: Identifying Financial Issues Learning Goals: Discuss living arrangements and financial issues with other.

Chapter 11 Part 2. ESTIMATED LIABILTIES Obligation that exists but for which the amount and timing is uncertain. However, the company can reasonably estimate.

Housing Vocabulary 11/18/14. Landlord O Person who owns the property O Collects Rent.

Welcome to our online presentation. To proceed through the presentation, please use your right (forward) or left (reverse) arrow key or right click you.

Real Estate Principles and Practices Chapter 15 Property Management © 2010 by South-Western, Cengage Learning.

PAYROLL ACCOUNTING Chapter 12. Using a Payroll System  Payroll – list of the employees and the payments due to each for a pay period  Pay Period – the.

Sales and Income Tax. Sales tax – a tax that is added to the cost of goods or services based on the percentage of the cost. Income – wages earned from.

Shares of Stock O We bought 400 shares at $2.50 a share. O (400*2.50)=$1000 O The corporation is paying you $0.20 per share. O (400*.20)=$80 O At the end.

DEVRY ACCT 216 W EEK 7 H OMEWORK A Check this A+ tutorial guideline at For more classes.

DEVRY ACCT 216 W EEK 7 H OMEWORK B Check this A+ tutorial guideline at homework-b For more classes.

© 2014 Cengage Learning. All Rights Reserved.

Your First Apartment WEBSITES NAME OF APARTMENT COMPLEX

Family Economics and Financial Education Take Charge of your Finances

Accounting for Payroll, Payroll Taxes and Journal Entries

Tax Credit with Rental Assistance

Renting vs. Buying Daily Objective: Share Universal Design findings. Discuss and analyze factors involved in Renting and Buying homes. Bell Ringer: Once.

Objective 2.02 ANALYZE financial and legal aspects of renting.

a Home ? 10.1 Housing Alternatives .

Chapter 9 Payroll.

Understanding Your Paycheck and Tax Forms

Tenanted Properties.

Understanding Pay, Benefits, and Incentives

Family Economics and Financial Education Take Charge of your Finances

Pay, Benefits, and Incentives

Where will you live? Where will you be living in a few years?

LESSON 12-1 Preparing Payroll Time Cards

Dr. BALAMURUGAN MUTHURAMAN

Chapter 9 Payroll McGraw-Hill/Irwin

Living on your own.

Objective 2.02 ANALYZE financial and legal aspects of renting.

Chapter 21: Employment Protection and Equal Opportunity

Hosted by Ms. Appel.

Introduction to Business & Marketing

Welcome! Paychecks Money Taxes Workshop designed with you in mind!

The Difference Between Renting and Owning a Home

Family Economics and Financial Education Take Charge of your Finances

Welcome Back Glencoe Accounting.

FEFE Take Charge of your Finances

Renting an Apartment or House

LESSON 12-4 Preparing Payroll Checks

8 INDEPENDENT LIVING 8-1 Find a Place to Live 8-2 Read a Floor Plan

Chapter 8 Income and Taxes

Payroll taxes and Paychecks Take Charge of your Finances

The Business Side of Being a Nanny

Family Economics and Financial Education Take Charge of your Finances

Family Economics and Financial Education Take Charge of your Finances

Family Economics and Financial Education Take Charge of your Finances

LESSON 12-1 Preparing Payroll Time Cards

Payroll Accounting $ $ $ $ Making Accounting Relevant Chapter 12

Personal Finance Unit Unit 3.

Presentation transcript:

You said your were OCD about cleaning… Your Move-out inspection showed, That was a Lie!

Multi-Family Property Management DO I need it? How Much Does it cost?

do I need an On-site Manager? 16 units or more require an on-site manager The On-site manager must live at the property The On-site manager must have “Posted” hours The On-site manager is your Employee!!! (Workman's Comp. SSI, Taxes, HR)

What does an On-site Manager do? Janitorial – Cleaning the Laundry Room Pick-up the Grounds Clean Vacant Units

What does an On-site Manager do? Maintenance – Prepare Vacant Units for Rent Routine Maintenance in Occupied Units Emergency Repairs

What does an On-site Manager do? Leasing – Place Ads for Vacant Units Show Properties Screen Tenants Prepare Contracts Prepare and Deliver Notices

What does an On-site Manager do? Accounting – Collect Rents Collect Deposits Return Security Deposits to Past Tenants

Can your On-site manager handle it? Class “A”, “B” or “C”

Can your On-site manager Handle it?

Property Class Matters… A, B, or C Janitorial Maintenance Leasing Accounting

How much do On-site Managers get paid?

How much do On-site Managers get paid? Two Methods – Lodging Credit or The “Two Check” System” (Monthly value is limited to 564.81 per month) Lodging Credit / Minimum wage = Max. number of hours per month to earn the credit. Employee must be paid min. wage beyond that Overtime, Workman's compensation, Tax withholdings One Free Living Unit Plus Hourly Pay

# units VS Net Income 15-unit apartment building = $15,000/ Mo. 16-unit apartment building = $16,000 -On-site Mgr. The larger Property Will Net Less!!!

# units VS Net Income 15-unit apartment building = $15,000/ Mo. 16-unit apartment building = $16,000 -On-site Mgr. The larger Property Will Net Less!!!

On-site managers for less than 16 units? Duties – Janitorial, Laundry Room, Pool Compensation – Min. Wage, WC, State and Federal Witholding

Should I hire a Property Management Company Too? That Depends… Landlord/Tenant Law Human Resources Law (16 units and over)

How much does a Property Management Company Charge? Class A Properties 3-5% Class B Properties 6-8 % Class C Properties 9-15%

Can The On-site Handle It? Janitorial (Laundry room, grounds clean-up) Maintenance Showing Properties Writing and Executing Leases Rent Collections and Accounting Pool/Spa Daily Testing

Not Sure? Ask

Get 2 or 3 Bids From Property Managers Before you Buy….Not After. Look Before you Leap Get 2 or 3 Bids From Property Managers Before you Buy….Not After.

Do not’s On-site managers should not be the property police Never make handshake deals with on-site managers Never violate HR rules Never violate Tenant/Landlord laws Keep good records