How a Property Manager Should Communicate Finances to a Rental Property Owner in Las Vegas

Let’s talk about what really matters with investment property – money. That’s what you’re thinking about as an investor, and you probably have a lot of questions about what you can expect and what kind of information should come from a property management company. Today, we’re talking about our process as your Las Vegas property manager.

Receiving Rent

Tradewind Investments receives rent from your tenant on the first of the month. We don’t have a grace period when we manage your rental property in Las Vegas. From there, your funds will be sent to you between the eighth and the tenth of the month. That helps you avoid late fees and ensures your mortgage is paid on time.

Online Accounting Portal

Once the payment has been sent out to you, your online portal is immediately updated to reflect that information. You’ll have access to your own online portal which shows you your monthly statements. These statements include your expenses, your income, your reserves, and if you have any outstanding bills associated with the property. This is available for your convenience, and you can access it at any time. We make sure that it’s updated monthly.

Managing Tax Records

How a Property Manager Should Communicate Finances to a Rental Property Owner in Las VegasThis process is maintained all year long, until we arrive at everyone’s favorite time of year – tax season. When it’s tax time, we can send you the 1099s electronically or email them to your CPA. If you’d rather have these tax statements printed and mailed to you, we can do that as well. This helps to eliminate a lot of the legwork for you when you’re getting your taxes in order.

We’re here to answer questions, so if you’d like to hear more about how we handle your finances or anything pertaining to property management in Las Vegas, please don’t hesitate to contact us at Tradewind Investments.

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