Accounting Services

We do all the bookkeeping chores for you. Every transaction affecting your account balance is recorded and explained in detail. Accounting is done on a single�­entry cash basis with a separate income and expense ledger maintained for each property, as if each had its own bank account. If we manage more than one property for you, separate accounting records are always maintained for each property.

Our computer system enables us to provide you with a concise, accurate and distinct statement of account. Statements are typically sent by the tenth day of each month. Occasionally, a statement may be held due to delinquent rent payment. This delay allows our full monthly proceeds to be sent to you. Your statement will reflect every transaction posted to your account since the beginning of the month. Each transaction is described in detail. Copies of invoices and receipts are sent with your statement and kept on file in our office. In addition to monthly statements, we also provide a complete summary of your account(s) at the end of the year. We prepare and submit a 1099 MISC showing the total gross rent income that we collected on your behalf during the year, as required by Internal Revenue Service regulations.