Benefits for Property Managers
You specialize in overseeing the rental of properties for their owners. That includes many tasks: marketing, screening renters, maintenance, compliance with rental laws, managing rent collection, and much, much more! With so many responsibilities finding time to keep your books up-to-date can be a challenge.
Here are just some of the things we can do to make your life easier:
- Organize your accounting software
- Create procedures to work with your management team
- Record and review day-to-day transactions
- Develop budgets and customize reports
- Optimize tax records
Organized Accounting Saves Time
You already know how a well-trained tradesman can save you money on repair costs by doing it right the first time. It’s the same with organized accounting processes.
The first step in a streamlined accounting process is using your software to its greatest advantage so your information is accurate, accessible, and able to support your management team’s jobs.
Efficient Teams Save Money
Once we’ve helped you optimize your software we can set up other recording procedures to measure the cost-effectiveness of all your activities.
Your team can make or break the profitability of your business. So the quicker your team can access information, the quicker they can get their work done. This saves on payroll costs.
From developing budgets, to recording day-to-day transactions, to doing accuracy reviews of the transactions with the team, we’re with you at every stage of the process.
Well-Kept Books Build Confidence
When you need to update the owners about their properties, you’ll be able to use the customized reports we’ve designed. They’ll give your clients the information they need in a format they can easily understand. Thus, building their confidence in you and your property management skills.
Finally, we believe it’s vital to collaborate with your tax professional so we can record your transactions in the most precise way to enable you to use the best deductions for your individual tax situation. Then, as tax time rolls around, having your books current will cut the amount of time and money spent on tax preparation.
The Bottom Line
So, what’s the bottom line? You gain time, save money, generate confidence with owners, and ensure your peace of mind when you have meticulous, up-to-date, report and tax-ready books by choosing Main Street Ledger to optimize your accounting methods.