We use our property management software Palace and Xero for all of our accounting needs. You will be paid twice-monthly on the 15th and first day of the month (or the nearest working day). After having paid any disbursements and deducting our property management commission, you will be paid directly into your bank account through same-day electronic banking.
At the same time that we pay you, your statement of account, showing incomes and disbursements will be emailed to you. If email is not for you, then we will post you your copy. If you wish, we can provide a copy directly to your accountant – either by email or by post at the same time.
At the end of the financial year, we provide you with a summary of the income and disbursements for the year- ready to complete your Inland Revenue obligations.
Who collects the rent and when does it come to me?
We look after all the collection of rents and this is paid out to less any outgoings ie. Property maintenance at the end of the month.
All tenants are required to pay their rent via an automatic payment fortnightly in advance. Using our property management software, we conduct a daily check to ensure the rent has been paid. Using this software, we are able to compile a full statement for our property owners of the rent collected, less fees and payments incurred by the owner. At the end of the financial year we provide a tax year Income and Expenditure summary for your tax returns.