A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
End of year accounting for Clients
One of the most important jobs a
Property Manager has, is the end of the year accounting that they give their
clients. Not giving your clients the proper information at the end of the year,
is not only a dereliction of your job, but can cost your clients quite a bit of
In my business of Property Management
in Orange County Ca. Every month I not only give my clients a monthly accounting
but a running year to date accounting so there is never any question in their
minds what is going on with their property. Also at the end of the year, I
repeat the year to date accounting and also include an Income and Expense statement, plus the Schedule-E
statement, and of course a 1099 tax form.
The most important thing that I can
give my clients is the confidence that every dime is accounted for. During the year they don’t always pay attention to the information I send them.
I need to be ready at the end of the year to answer any and all questions that they may have and do it
in a timely fashion. I never have them talk to anyone but myself when it comes
to their year end questions. I am the Property Manager and I am the one that
knows about their property and what has been going on throughout the year.
We all know how crazy it can get when
it comes to the year end accounting, Many of my clients call me at the last
minute when they are actually sitting across from their accountant. They expect
me to be able to give then the information they need, even though I have
already sent them the information they are asking for. I do everything I can to
accommodate them and will also talk to their accountant and answer any
questions they have.
Clients do not just pay a Property
Manager for the daily management of their property, they pay them for service
and that service includes accounting for the money and that service includes
making sure they have all the information they need. The one thing a Property
Manager should never do is tell their clients that they will get back to them
with the information, and never do.
A.D. Cantelmo Property Management Specializes in Property
Management on Orange County Ca.