All rental funds are held in a separate ‘Rental Trust’ account at a registered financial institution, as defined in the Canadian Bank Act.
Realty-Pro utilizes a comprehensive property management system and accounting platform specifically designed for property mangment reporting.
- Regular monthly financial statements that accurately reflect the current status of the income and expenses
- An annual statement showing a compilation of the monthly totals and annual reconciliation
- Effective collection procedures for outstanding rents to maintain adequate cash flow for the owner
- Maintain comprehensive owner/tenant files whiles constantly updated to provide the owner with accurate information at all times