Each property owner will receive an accounting of all revenues received and all expenditures relating to their rental property on a monthly basis in accordance with the Property Management Agreement Expenditures (service charges, utilities, management fees and any miscellaneous charges) will be credited to their bank account as per prior arrangement at this time. If for any reason there were moneys due to us, these would be due at this time. These monthly statements obviously become an important record for your year-end tax purposes; however, we will supply a year-end accounting statement recapping all activity for the current year.
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