Property Accounting | ProActive Real Estate Services

Property Management

Rental Property Accounting

We use a robust accounting software called Buildium and professional standards to handle all accounting responsibilities from collecting rent and paying bills to processing security deposits and distributing monthly proceeds to owners.

How does property accounting work?

Accounting and Financial Reporting refers to the process of tracking, organizing, and reporting all income and expenses related to your rental property. It ensures you have clear, accurate financial records, helping you monitor cash flow, prepare for tax season, and make informed decisions about your investment.

Collect Rent

We streamline the rent collection process to ensure efficiency and reliability. Utilizing advanced property management software, we provide tenants with multiple payment options for convenience. Our system ensures that rent is collected promptly and accurately, maintaining consistent cash flow and financial stability for property owners.

Pay Monthly Vendor Bills

We take the hassle out of managing monthly vendor bills by handling all payments on your behalf. We ensure timely payment of all maintenance, utility, and service bills, preventing late fees and maintaining good relationships with vendors. Our approach to bill management ensures your property runs smoothly and efficiently.

Send Monthly Owner Distributions

We prioritize transparent and timely financial reporting by sending monthly distributions to property owners. Our detailed financial statements and prompt disbursements provide clear insights into your property’s performance. This regular and reliable income stream allows you to stay informed and confidently manage your investment.

Process Security Deposits

We expertly manage security deposit disbursements in compliance with legal regulations and statutory requirements. We ensure that deposits are properly collected, held in secure accounts, and returned or used appropriately at the end of the lease. Our thorough inspection and documentation process guarantees fair handling, protecting both landlords and tenants.

ProActive Real Estate Services Property Management

WHY CHOOSE US

Hampton Roads Property Management

Managing and maintaining a property as a real estate investment takes a team. Whether you are a first time rental owner or experienced real estate investor, at ProActive Real Estate Services, you will have just that: a team of expert rental managers, leasing agents, maintenance technicians, and property accountants ready to serve you. As real estate professionals, we are always looking forward to new opportunities to help clients reach their goals.

From Day 1, our goal is to set a foundation for success. It starts by having a conversation about you, your property, and where you want to take your real estate portfolio. From there, we will ensure your property is ready for the rental market. We will take care of safety and compliance issues, schedule professional marketing photos, and begin screening rental leads and applications. Once you have a strong tenant in place, our team will provide comprehensive ongoing service from rent collection and maintenance to lease management and property accounting.

Once you are part of the ProActive Real Estate Services community, we will work hard to provide you with complete peace of mind. We pride ourselves on being high-touch communicators and hands-on managers. Our ultimate goal is to keep growing together and to better the Hampton Roads community, one home at a time.

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Hampton Roads

Property Management Services

At ProActive, our full-service property management covers everything you need to protect your investment and keep your rental running smoothly. Explore the services we offer below to learn how we support property owners across Norfolk and Hampton Roads.