ACCOUNTING & FINANCIAL REPORTING
You should always know where your investments stand financially.
At CRM Properties, we are committed to paying our owners the rent that’s due to them right away. We process statements by the 10th of the month for the previous month's transactions. All rent proceeds are processed via direct deposit. We provide monthly statements and we share all the information you need on the income and expenses associated with your property.
We provide online portals to make the flow of information efficient, transparent, and reliable. If you have any questions about statements, financial reports, inspection reports, or anything you see online, let us know.
Let us know if you’d like a portfolio performance review at the end of the year. Many of the investors we work with find this incredibly helpful as they plan their investments and map out their strategies for the coming year. We have experts who can analyze the performance of your rental property and make some recommendations on how to do better.
Account Statements and Reports: Transparent. Accurate. Detailed.
Your rental property is a business, whether you have one or 100. We treat it that way, with professional and detailed accounting statements and reports. You’ll receive your statement every month when rent is paid. But, we can go further. We can track trends and evaluate performance based on maintenance needs, vacancy times, and lease renewals.
We are property managers who love data.
At the end of the year, we’ll put together all the financial information you need for your taxes. We’ll talk about where you might want to remember deductions, and we’ll provide a 1099 form to hand over to your accounting professional. We’ll be available for any questions or supporting documentation you may need.
The best part of our accounting system is that it’s available to you 24 hours a day, wherever in the world you happen to be. Our out-of-state investors and owners who live outside of the country love this.
Evaluating the Financial Performance of your Best Investments
Some rental property owners are content to collect their rental income, glance at their statements, and move along.
Smart investors know that information is power. And, at CRM Properties, we have more than enough information to help you evaluate the performance of your rental investments and make decisions that will be good for both your short term cash flow and your long term returns.
At the end of the year, we’ll offer you a performance review, where we take a detailed look at how your property is performing and where some strategic improvements might help you earn more or spend less (or both!).
- The current rental value and where it should be
- Vacancy and retention rates
- Maintenance and repair costs
- Preventative maintenance strategies that can help you avoid large expenses
- Whether any updates, improvements, or upgrades might help you attract better residents and higher rents
- Where your property’s strengths and weaknesses are
Every property is different, and every investor has their own unique goals. We’ll talk in depth about what you want to achieve and where you want to be at the end of the following year.
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Indianapolis Property Management Services – A Wise Investment
Too many people get into the rental property market as a means to grow their investment money thinking it’ll be a passive investment. It’s a good decision for the most part, as property values tend to increase over time no matter where you are and the rent payments almost make this investment self-funding. However, what appears to be a perfect plan on paper often turns out to be anything but in reality. residents create management situations, whether they are good or not so good, and rental properties take time to maintain, even if they’re relatively new.
Unfortunately, a lot of rental property investors do not go ahead and hire Indianapolis property management services because they think it’d be too costly. In most situations, this thinking is misguided. As you’ll see below, CRM Properties can help you understand the full value of your rental property such that it’s quite possible that you can charge more in rent than you would have otherwise. Given that potential, it’s also quite possible that this extra rent revenue will help to pay for your property management in Indianapolis. Once again, you’ve achieved a largely self-funding model.