Description
After Reading This eBook, You’ll Know How To:
- Handle rental payments paid by the tenant to the rental agent.
- Follow easy steps even if you have multiple property managers for various properties.
- Enter each monthly owner’s proceed statement in one transaction (Here’s a tip: do not wait until your owner’s proceed statement has a positive balance…enter it NOW!)
- Keep your books updated every month.
- Know your cash flow.
This book is sold electronically. The purchase of this book is non-refundable.
Why This Book?
Many rental owners use a property management company to manage their investment properties. However, rental ownership remains a hands-on business even with a management company.
As the owner, you must pay attention while you may not get the phone calls, collect the rent, run the ads, screen the applicants, or make the repairs. Don’t let your investments slip out of your control.
As with any investment, remember that your hard-earned money went to buy the property. You owe it to yourself to ensure it is managed efficiently, vigilantly, and honestly. This book provides the tools to keep up with your property management company using QuickBooks.
Your property management company sends you a statement and, hopefully, a check every month. The information should include an itemized list of everything your management company received and spent on your properties, in summary and detail. Read and record the data in QuickBooks NOW!
It only takes a few minutes and provides instant information about how your property is doing financially and how well your property management company represents your interests.
For the Landlord Whose Properties Are Managed by a Property Management Company
Is the company spending too much on repairs and maintenance? On the other hand, too little. After all, you always want your investment to remain in tip-top condition so it attracts the best tenants. That means the management company should be doing preventive maintenance. If you need help, you will know immediately by analyzing your QuickBooks reports.
What if you believe it is spending too much on repairs and maintenance? You can track expenditures by creating reports that show trends in maintenance spending.
Does it look like the amounts your manager is spending are appropriate, or do they look padded? You can get a good idea by running these reports.
This is the POWER of using QUICKBOOKS SOFTWARE!
Are your tenants paying on time? You can print reports showing how much rent you receive and how it compares with the scheduled gross rent.
Knowledge is peace of mind. You need to know how your management company and properties are doing. This book will show you how to find out easily and quickly.
In this book, you will find practical solutions to record all transactions. You will find instructions to obtain all the reports you need.
Some people feel better with additional “bells and whistles,” and we have learned which things are valuable and cost-effective and what is not.
The Landlord Whose Properties Are Managed by a Property Management Company book will show you how to enter the summary easily and quickly.
Most people find that 95% of their questions are answered in this book. We are always happy to provide answers to any additional scenarios that come up.
This book is sold electronically. The purchase of this book is non-refundable.
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