Want to create an interactive transcript for this episode?
Podcast: Property Management Brainstorm
Episode: Episode 48: Property Management Bookkeeping, Featuring Taylor Hou of APM Help
Description: Real estate brokers and property managers receive what are known as “trust funds” in the normal course of doing business. These are typically deposits and payments received and held on behalf of others, thereby creating a fiduciary responsibility to the funds owners. In our business as property managers, we must handle and account for these funds according to established legal and accounting standards within the rules and regulatory requirements of our individual states. Not being in compliance could have significant financial and legal consequences for our property management businesses. On this episode of Property Management Brainstorm, Bob Preston discusses accou...