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Buying
your
investment
can be
the easy
part,
making
it show
a profit
and
protecting
it can
be a
challenge.
That’s
where we
really
perform
for
you—property
management.
As your
management
firm, we
will
collect
all
rents
(pro-rated
or first
month)
security
deposit
and if
applicable,
pet
deposit.
From
these
funds,
any
monies
due
Flex
Realty
Property
Management
(i.e.
maintenance,
utilities,
commissions,
management
fees,
legal,
accounting)
shall be
deducted.
We close
our
books on
or about
the 28th
of each
month.
If the
tenant
has gone
in at
least 10
days
prior to
that
date,
the
funds
(if any)
that
remain,
along
with a
statement,
copies
of any
invoices,
utility
bills, a
cash
received
journal,
and rent
roll,
will be
sent to
you
between
the 5th
and 10th
of the
following
month.
(Example
– You
will be
receiving
January’s
rent,
less
expenses
no later
than the
10th
of
February.)
It is
critical
that you
do not
rely on
a
minimum
amount
of funds
sent to
you each
month.
(This is
especially
important
to new
investors).
Unexpected
expenses
can
occur
that
require
unexpected
immediate
attention
or rents
being
late.
You will
generally
not be
notified
of
expenses
under
$200 or
if rent
is
received
late.
If you
should
want to
know
this
information
it will
be
necessary
for you
to call
our
accountant
after
the 15th
of the
month.
We
normally
pay
maintenance
expenses,
utility
bills,
etc.,
from
your
account
throughout
the
month.
Should
expenses
exceed
your
account
balance,
you will
be
required
to
rectify
your
balance
immediately
upon
receiving
notice
from our
accountant.
Failure
to
reimburse
your
account
will
result
in our
inability
to pay
your
bills
for the
next
month
and
these
bills
will be
forwarded
directly
to you.
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