Financial Management

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 · Rent Collection & Disbursement: We meticulously collect all rental income, including late fees when applicable, and ensure timely direct deposit of your funds. Our efficient systems minimize payment delays.

· Expense Management & Bill Payment: We manage and pay all property-related expenses, including mortgage payments, property taxes, insurance premiums, HOA dues, and utility bills (if applicable), ensuring all invoices are legitimate and paid promptly to avoid penalties.

· Detailed Financial Reporting: You'll receive comprehensive, easy-to-understand monthly and annual financial statements. These reports include:

o Income Statements: A clear breakdown of all rental income and other receipts.

o Expense Reports: Itemized lists of all expenditures related to your property.

o Balance Sheets: A snapshot of your property's assets and liabilities.

o Cash Flow Statements: Showing the movement of money in and out of your property.

o Year-End Statements: Ideal for tax preparation, summarizing all financial activity.

· Budgeting & Forecasting: We assist in developing realistic annual budgets for your property, helping you anticipate income and expenses, and can provide forecasting to aid in long-term financial planning.

· Security Deposit Management: We meticulously handle all tenant security deposits in accordance with state and local regulations, ensuring proper escrow and timely reconciliation at lease end.

· Tax Preparation Support: While we are not tax advisors, we provide all necessary year-end financial documentation, including a detailed summary of income and expenses, to simplify your tax filing process.

· Vendor Invoice Processing: We verify and process all invoices from maintenance contractors and other service providers, ensuring accuracy and proper coding for your financial records.

Our goal is to provide you with a clear, accurate, and stress-free financial overview of your property, empowering you to make informed decisions and maximize your return on investment.