For the Landlord Whose Properties Are Managed by a Property Management Company
Are your rental properties managed by a 3rd party property management company? Here is a step-by-step instruction on how to enter details in QuickBooks.
Handle rental payment paid by the tenant to the rental agents, the agent then deducts the expenses including management fees who then gives the balance to owner. This statement is called an Owner's Proceed statement.
Easy steps for landlords have multiple property managers for multiple properties. It takes the same amount of time - 30 seconds!
Enter each months owner's proceed statement in one transaction. Do not wait till your owners proceed statement has a positive balance. Enter it NOW!
Stop the guessing game.
Keep your books updated on a monthly basis.
Know your Cash Flow!
You must have QuickBooks® installed on your computer.
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