Property Management Accounting and Tax Services

Monthly dues, special assessments, late fees and collections are recorded by unit as they come in, so delinquencies show up early. Operating and reserve funds stay separate, and the association's annual return is filed on time.

Rent, late fees, utility chargebacks and other tenant charges are posted when they're due, not only when they're paid. An accurate aging keeps collections on track and owner reports honest.

Owner funds and tenant security deposits held in trust come with strict rules. Trust accounts are reconciled every month against the bank, the books and each owner and tenant ledger.

Each owner gets a clear statement: rent collected, management fees, repairs and the net distribution. Statements tie to the books, so year-end 1099s and owner questions are easy to answer.

Management, leasing and maintenance fees are recorded as company revenue, kept apart from owner money. Vendor payments are tracked through the year for accurate 1099 filing.

On-site staff, maintenance crews and office payroll are processed and reconciled every cycle, along with federal and California returns for the management company itself.