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Encino – Property Management – Financial Service and Property Management

PROPERTY MANAGEMENT – ENCINO

What kind of financial services to property managers provide?

Property managers bear significant financial responsibilities given that they handle rent monies, reserve funds, security deposits, and write checks on the owner’s behalf. They are also responsible for making sure bills get paid (taxes, mortgage, insurance premiums, etc.).

Community association managers, in contrast, collect homeowner dues and pay for the maintenance of community-owned facilities.

These duties require financial discipline and orderliness, high standards of integrity as well as safe guards to establish transparency and accountability. The laws in each state vary, but many forbid the co-mingling of funds and list out rules for how tenant and owner funds are handled.

It is extremely important that investors receive regular detailed reporting on the performance of their investments under management.

Posted by Christopher Berkompas

Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.

The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.