What Residential Property Managemen Do
Residential property management Dundee involves running income-producing real estate on behalf of owners. It includes a wide range of tasks, from marketing vacant units to handling maintenance requests. Property managers also screen tenants and help set lease terms that are in compliance with local landlord-tenant laws. This includes background and credit checks to ensure that tenants will pay rent on time. Accurate Accounting Statements Maintaining accurate financial statements is a crucial property management practice that ensures a consistent cash flow. Depending on state regulations, this can be done through the use of either accrual or cash basis accounting. Accurate accounting can also help property managers save money through tax deductions. These are possible because of the many deductible expenses involved in renting out properties like utilities, security deposits, and cleaning services. Keeping the bottom line in mind is also easy with a top-quality accounting software li