Property Management Blog

Benefits of Professional Property Management Bookkeeping in Kent, WA

System - Monday, April 2, 2018

It’s important to have a professional bookkeeper when you own and manage rental properties. We ensure all of your financials are in order. Today, we’re explaining how we can help you save money and stay organized.

Property Management Kent: Financial Reporting

A professional bookkeeper will keep a clean record of your rental’s financial details. We will pay all invoices, whether they’re big or small, and we’ll provide a report every month showing how you’re doing financially. Our report also reflects that you’re paying bills on time. 

Property Management Kent: Legal Requirements 

We pride ourselves on having good vendor relationships and making on-time payments for work that’s done at your property. We safely hold your tenant’s security deposit in an account that’s separate from the one that we use to deposit your rental payments. As required by law, there is no co-mingling of funds. You may think you are saving money by tracking all of your financials yourself, but professional bookkeepers can save you more money. There’s less of a risk for human error, and a bookkeeper can do a better job of staying on top of your rental accounting. 

Property Management Kent: Taxes 

One of biggest headaches for landlords is taxes at the end of every year. We take care of all that for you. The last thing you want is an audit from the IRS, especially if you don’t have the knowledge to get through it. We report all the 1099s for your vendors and contractors, and we report your income to the IRS. 

Put a professional in charge of your rental bookkeeping. While you’re busy enjoying your investment, you don’thave to write checks and pay bills. 

If you have any other questions about property management bookkeeping or anything pertaining to Kent property management, please don’t hesitate to contact us at Bell Anderson & Associates

Bell-Anderson & Associates

10615 SE 256th St Suite #201, Kent WA 98030
253-852-8195 | 800-755-5397

Bell-Anderson does not accept portable screening reports.

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