Updated about 10 years ago on .
Should Accounting Live Inside PM, or Vice-Versa?
So I've been studying the state of the art, best tools & practices in Property Management, especially curious about Work Network development and proactive, preventive maintenance.
What I've been surprised to discover is that the best PM platforms are full-blown accounting systems, designed to replace the likes of QuickBooks which has been so popular for so long.
The thing I'm wondering is, if real estate investors are well diversified, they're probably doing a lot more than just investing in real estate. So how much sense does it make for Accounting to live inside PM? Shouldn't it work the other way around? Shouldn't PM live inside Accounting since it's just one of many investments?
What do you think?