Owning real estate as an investment has certain tax benefits, and keeping detailed accounting records of that investment is a must. Wright Property Management generates complete and accurate records reflecting the cash flow associated with your rental property to aid you or your accountant when it comes tax time. Income such as rent and late fees, and expenses such as our monthly services fees, repairs, and evictions costs, are reflected on your statements.
Our accounting records include:
Monthly cash flow statement of Income vs. Expenses
Year end summary cash flow statement
IRS Form 1099 preparation