How to Offboard a Portfolio Property Using Property Management Software

Image of an apartment complex being transported on a flatbed truck down a highway at high speed

Key Takeaways: Offboarding a portfolio property involves removing the asset from active management while maintaining key data for historical and operational purposes. The offboarding function is most commonly used when a property is sold or transferred to a different management company. Offboarding and tenant move-out processes serve distinct purposes in property management software, and sponsors … Read more

5 Steps Commercial Real Estate Sponsors Can Take to Deliver K-1s on Time

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Key Takeaways Many private equity commercial real estate sponsors miss the IRS deadline for providing Schedule K-1s to investors. Late K-1 dissemination is largely due to gaps in accounting operations among sponsors. There are five key steps that commercial real estate sponsors can take to improve accounting practices and promote timely K-1 delivery. In the … Read more