Accounting for Oakland Rental PropertyOakland Property Management Accounting
At California Pacific Realty, we know what many Oakland property management companies don’t: technology makes managing your home and sharing information about its performance much more efficient. We use our state-of-the-art property management software to carefully document the income and expenses associated with your investment. Our innovative technology platform helps us with marketing, screening, leasing, and maintenance. Most importantly, it helps us communicate about the financial performance of your properties.
Oakland Property Management Accounting
Faster Rent Collection and Electronic Deposits
Tenants appreciate the ability to pay rent online through their tenant portal at California Pacific Realty. In fact, we have found that since establishing an online rent collection process, more of our tenants pay on time. There’s less waiting, fewer late fees, and overall a better, more secure, and more efficient rent collection process.
Collecting rent on time means you get paid on time.
Our owners don’t have to wait around for a check to arrive in the mail. As soon as the rental payment clears, we deposit it directly into your account. The transaction is simple and transparent; you’ll be able to see how much rent was paid and any deductions that were made. Monthly management fees and any outstanding maintenance invoices are paid before you receive your income, which means you don’t have any bills to pay or accounts to worry about.
The system we use is safe, secure, and user-friendly. In addition to collecting and disbursing rents, we can also use it to hold and document security deposits and other fees. There’s nothing funny about your finances or your tenants; everything is visible and tracked. The online accounting system is detailed, accurate, and open.
This helps us tremendously with communication and responsiveness. If a tenant has a question about rental payments or leasing issues, we’re available to receive messages 24 hours a day. If you have questions about open repair invoices or unspecified fees, you can ask online or in person. Our system promotes flexibility and accessibility.
Better management for rental homes in Temescal, Rock Ridge, Grand Lake-Merritt, Uptown, West Oakland, and surrounding areas.
Rental Property Statements and Reports You Can Understand
With every rent payment you receive, you’ll also get a statement that reflects what your property or properties earned over the last month and so far throughout the year. You’ll also see a history of expenses for that month. This makes it easy for you to follow what you’re earning and what you’re spending.
Understanding your financial performance helps you make better investment decisions.
We keep our accounting reports pretty simple. It’s important that they’re easy to understand and that the actual information you need is at your fingertips. However, we know that sometimes you want to dig a little deeper and look a little closer. We’re prepared for that. We can generate statements and reports that reflect all the information you need. Let us know what you want and we’ll provide the data.
Tax time is easier to manage as well. You’ll receive your 1099 from us in a timely and efficient manner, and you can pass that on to your accounting professional for help with filing your taxes. We are available for any questions or supporting documentation you may need.
The technology and accounting methods available through California Pacific Realty provide information and peace of mind. It’s part of our full-service property management plans in Oakland, and we’re proud of what we provide.
Results-driven Oakland property management in zip codes 94612, 94610, 94608, 94601, 94602, and 94605.
Get A Free Rental Analysis
Pricing your home correctly is an important first step in renting it out. We understand the Oakland rental market and we know how it changes from neighborhood to neighborhood. We’ll take a look at your property and evaluate its rent potential before we begin marketing.
We manage rental properties in Uptown, Lake Merritt, the Montclair neighborhood and elsewhere in Oakland.
Wherever your Bay Area investment property is, we can help you determine how to price your investment property to improve your cashflow and increase your ROI. Contact California Pacific Realty for a rental analysis.
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