Mendell Gosnell, CPMPrincipal Broker, Centurion Real Estate Services · Helping Real Estate Investors Build Generational Wealth Through Smart Property Management | Branch Offices in Salem, Corvallis, Eugene and Redmond.

Insights on Professional Management from Investors | Part 8 #propertymanagement #realestate

6 Jun 2025 · 2 min

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1:33

In this brief video, the presenter outlines key industry insights related to accounting practices in property management. He emphasizes that 28% of investors consider the frequency of accounting errors to be highly important, and explains that Centurion conducts comprehensive audits throughout the accounting workflow—from repair tickets and utility bills to owner reports, owner payments, and trust‑account reconciliations—maintaining checks and balances to the penny each month for 20 years. Despite rigorous controls, errors still occur, and the speaker stresses that a company’s response to discovered errors—prompt correction, clear explanation, and transparent communication—is the most critical factor. He invites viewers to comment on other considerations and encourages those interested in Centurion’s property‑management services to get in touch.

Chapters

Another video about some industry insights. So there's a small list here. I would like to go through them really quick. Lastly though, 28% said frequency of accounting errors was super important. And this is one that we have actually audits all along the process from beginning to end when we're doing anything accounting related, whether it's a repair ticket, utility bill, sending out the owner reports, paying owners, and reconciling the client trust accounts, and then getting those audited. We have checks and balances everywhere. We balance everything to the penny every month. We have for 20 years. But believe it or not, there is still accounting errors. But it is important to try to minimize the accounting errors. But the most important thing, in my opinion, is what a company does when an error is found. Are they gonna make it right? Are they going to fix it? Are they going to be able to share why with a good reason? Like, what— why is there an error? Sometimes a very legitimate reason. And so I think that's important to clarify. If there's different things that come to your mind, we'd love to hear. Drop a comment down below. And if you're interested in having Centurion manage your property, give us a call today. We'd love to talk with you. Thanks.