|
Budget
A financial budget will be prepared for all new clients showing the estimated rental income and expenditures for a property. This will be reviewed on an annual basis and updated one year to the next for a more accurate budget process.
Accounts Payable
Accounts payable services are offered to all clients. We can make all payments for such things as Hydro, Taxes, Insurance etc. If this is required, bank accounts will be maintained for all clients and reconciliated on a monthly basis. Copies of all invoices paid will be provided in the monthly statement.
Rent Collection
We will provide collection services from all tenants in a timely and efficient manner. We will strive to have all cheques deposited on the first of the month. All delinquent cheques will be followed up within three days and if the rent has not been paid within 7 days we will serve the tenant with the N4 form – Notice to Terminate Tenancy Early For Non Payment of Rent. Follow-ups will be made with the Tenant for payment. If no payment has been received we will proceed with termination of the Tenancy.
|
