RentWise Property Management

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Knowing the Financials of your Rental Property

November 27, 2019

Are your financial statements for your rental property giving you what you need? One of our first questions to new potential clients is “what are your current pain points with your property manager?” One of the answers is always in regard to their monthly financial statements.

Do you have a clear picture of your property’s financials?

Knowing your properties financial health can seem overwhelming and tedious. Having the right KPI’s and property manager can help. From income to expenses, monthly, annual, balance sheets and 1099’s. There is a lot to track when it comes to owning an investment property.

It is important that they are easy to read, consistent and that you have a property manager available to discuss and answer any questions you might have.

How can your property manager customize your monthly statement so that it fits in line with your tracking system?

Maybe you want to track profit between properties? Or how much the market rent has increased? There are several monthly reports we can provide, such as:

  • Account Totals
  • Balance Sheet
  • Balance Sheet – Comparative
  • Balance Sheet – Property Comparison
  • Bank Account Activity
  • Bank Account Association
  • Cash Flow
  • Cash Flow – 12 Month
  • Cash Flow – Property Comparison
  • Cash Flow Detail
  • Chart of Accounts
  • Expense Distribution
  • General Ledger
  • Income Statement
  • Income Statement – 12 Month
  • Income Statement – Comparative
  • Income Statement – Property Comparison
  • Trial Balance
  • Trust Account Balance
  • Trust Account Detail

Monthly statements should be the snapshot of how your investment property is doing, how your money is being spent and how profitable the rental property is.

If you would like more information on how we can help or learn about our property management services just go to our website or call us at 208-949-3083. Less Hassle. More Happy.

Filed Under: Financial, Investment Property, Property Management Tagged With: boise, caldwell, eagle, hiring, home, homes, investment, investment management, investment property, investments, investor, kuna, management, meridian, middleton, nampa, narpm, National Association of Property Management, professional, property managment, quarterly report, real estate, real estate trends, rental, rents, rentwise, rentwisepm, star, tenants, treasure valley, vacancies, vacancy

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    Our Location:

    RentWise Property Management
    925 N Main St. (drop box only)
    Meridian, ID 83642

    Mailing Address:
    P O Box 191208
    Boise ID 83719

    Contact Us:

    Office: (208) 949-3083
    Fax: (208) 953-7870
    E: office@rentwisepm.com

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