Financial

Owners want to see financial reports, which include the income and expenses for a detailed time period. Property management companies issue financial reports to their clients on a monthly basis.

Throughout the month, different expenses may arise, such as a payment to a plumbing company who fixed a leaking drain or for a flooring company who refinished a living room floor in a vacant unit. Each expense should be clearly itemized for the property owner to see on a regular basis. It is the responsibility of the property management team to watch over and maximize their clients’ financial productivity. Optimal Property Management uses the Yardi accounting system. This is an accounting program which is designed specifically for property management providing our clients with clear, detailed monthly and yearly financial reports.

It has been customized to meet our exacting standards and owners requirements. Our monthly statements and financial reports are informative and easy to understand.