Reporting

707 Property Management, LLC employs state of the art property management accounting and reporting systems to ensure real time accounting and management reports to address our clients' needs. Clients may request standard and customized reports at any time to address their needs to assess key metrics of property performance. On or before the 10th day of each (or such other date as may be required by our clients) a complete monthly report is delivered to our clients.

This monthly accounting reporting package typically includes:

  • Comparative Income Statement, with current and year-to-date income and expenses
  • Period Change Balance Sheet
  • Statement of Changes in Cash
  • Bank Statement Reconciliations for cash accounts
  • General Ledger
  • Check Register
  • Aged Payables Report
  • Cash Deposit Report
  • Rent Roll
  • Lease Expiration Report
  • Aged Delinquency and Prepaid Report
  • Security Deposit Activity Report
  • Budget Variance Analysis
  • Narrative Report detailing the property's performance with the approved Management Plan

This monthly accounting reporting package typically includes:

  • Reports and schedules for our clients' year-end financial statement audits
  • Data collection and market information for real estate tax appeals
  • Data collection and market information for appraisals and brokers' opinions of value
  • Replacement Reserve Draws
  • Annual Operating and Capital Budgets