Rental Property Financial Reporting & Accounting Services

West End has an in-house team of highly skilled accounting professionals to make sure your property financials are properly tracked.

We utilizes technology to streamline operations, generate automated reports, and provide real-time financial insights. It plays a crucial role in ensuring profitability and efficient management of properties.

Key aspects of West End's property management accounting include:

Rent Collection: Tracking rental income and ensuring tenants pay on time.
Expense Management: Recording and categorizing property-related expenses like repairs, maintenance, utilities, taxes, and insurance.
Reporting: Generating financial statements, income reports, and balance sheets for property owners or stakeholders.
Compliance: Ensuring adherence to local, state, or federal laws related to property management and taxes.
Bank Reconciliation: Monitoring and aligning bank transactions with accounting records.
Owner Payments: Distributing profits or payments to property owners after accounting for expenses and reserves.

Owner Portal - Accounting

Log into your owner portal to view statements & more, such as:

Rent collection and processing
Payment of maintenance vendor bills
Payment of monthly items at the request of owners
Owner statement and direct deposit by ACH processing to your bank account

On an annual basis, you will also receive the following:

Tax statements and 1099s
Annual summary owner statement

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Rent Collection

Efficient rent collection and accurate financial reporting are the backbone of successful property management.

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Maintenance Facilitation

Ensuring your property is in good condition is essential. Our Property managers are responsible for routine maintenance and emergency repairs to keep the property safe and fit for occupancy.

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Financial Reporting

West End's modern property management accounting utilizes technology to streamline operations, generate reports, and provide real-time financial insights. It plays a crucial role in ensuring profitability and efficient management of properties.

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Move-Out Coordination

At the end of the lease, West End will coordinate the move-out with the tenant to review the condition of the property, collect keys and go over any further tenant offboarding information.

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Turnover Services

West End will help you get ready for the next tenant with our trusted vendors, both in-house and in network. West End can handle anything!

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Owner Portal Access

The Owner Portal (available as a mobile app) provides our clients with on-demand access to their property data, documents, and action items to give real time visibility to the activity of your property.

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Tenant Portal Access

Our valued residents are provided an online portal system to conveniently pay recurring charges (if they are enrolled in our online payments platform), submit maintenance requests, access shared documents and more.

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Owner FAQs

Are there any upfront fees?

We believe in transparency and do not charge upfront fees or marketing charges. Our fee structure is straightforward, and we only get paid when you receive rent for your property.
How does West End Management and Leasing Services handle lease agreements?

We prepare comprehensive lease agreements that protect the property owner's interests while complying with all relevant laws and regulations. Our team also ensures that all parties fully understand the lease terms.
Who signs the lease?

In continuing our full transparency approach, West End constructs the lease on behalf of our clients and sends it to both parties (tenant/owner) for final review and signature. This approach allows for FULL DISCLOSURE of the exact terms and fees of the lease for their property.

Does West End charge the tenant any fees I'm not aware of?

Although there are companies that do charge tenants for "move-in" fees and "renewal fees" and keep the funds, West End does not unnecessarily charge the tenant fees.
What kind of financial reporting can I expect?

Owners receive detailed monthly financial reports through our secure online portal. These reports include all income and expenses related to your property, giving you a clear picture of your investment's performance.
What happens if a tenant needs to be evicted?

Our team is experienced in handling evictions in compliance with state laws. We manage the entire eviction process, from serving notices to representing the property owner in court if necessary.
How are maintenance and repairs handled?

West End Management and Leasing Services has a network of trusted contractors and vendors to address maintenance and repair issues promptly. We also offer 24/7 emergency repair services to ensure your property and tenants are well taken care of.