Statements
Monthly computerized statements are distributed to each owner.
Around the middle of each month owners receive an Account Journal
detailing all monetary transactions made oin behalf of that property.
A Statement of Account reflects:
-Entire account balances for the previous month as well as year-to-date
-Income, general expenses, transfers, adjustments, capital expenses, and net cash flow
-Ending balance
An Account Journal* reflects:
-Amount, date, and explanation for each debit/credit
-Ending balance
In addition to our monthly statements, a detailed year-end statement
is sent out in time to help you with your taxes.
Using your monthly income, our accounting department offers to manage
all bills associated with the property (including mortgages, utilities,
water and sewer, and insurance).
*If you own more than one unit, there will be an Account Journal for each unit.