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.