The Biggest Problem of Owning Investment Property is Record Keeping
Records of investment property helps in preparing taxes, refinance, purchasing other properties, save on accounting fees etc. PropMiC offers the benefits of owners getting the records of financial activity concerning their investment properties on demand. Their information can be access from any computer.
The only problem it starts from the date the owner becomes PropMiC's client...In real estate, time is money. Can you afford to procrastinate?
PropMiC will provide a history of all tenants, association owners, their charges and payments. Investment owners online access can print current statements and run delinquency reports on demand. Automatically charge late fees.
Credit and background check
Maintain tenant and association owner contact information
Track tenant and association owner payments, charges and balances
View ledgers for current as well as past tenants and association owners
Get notified when leases are about to expire
Setup recurring charges for rent, association fees and more
Generate rent roll reports, delinquency reports and others on demand
PropMiC service will save time by receiving payments electronically. PropMiC automatically track property income as payments are received online.
Track property income payments as it is received
Issue credits and refunds, quickly and easily
Automatically reverse payments and assess NSF fees
Track security deposits and other liabilities by ledger
Automatically post late fees and email payment reminders
PropMiC can create budgets for operating expenses and special projects. Monitor and control spending by comparing actual income and expenses to budgeted amounts.
Create budgets to forecast income and expenses
Compare actual income and expenses to budgeted amounts
Generate budget reports on demand
Run financial reports on a cash or accrual basis.
Income Statement Summary
Income Statement Detail
Income Statement Consolidated
Property Statement (Cash Flow Statement)
Owner Statement
Balance Sheet
Trial Balance
General Ledger
Budget vs. Actuals
Delinquent Tenants (Accounts Receivable)
Unpaid Bills (Accounts Payable)
PropMiC allows prospects to search and apply for available listings online
And More
PropMiC can track all your bank accounts in one place
PropMiC can create budgets to forecast property income and expenses
PropMiC have the capability to run key financial reports on demand
Maintain tenant and association owner contact information
Track tenant and association owner payments, charges and balances
View ledgers for current as well as past tenants and association owners
Get notified when leases are about to expire
Setup recurring charges for rent, association fees and more
Generate rent roll reports, delinquency reports and others on demand
·Automatically charge late fees according to your procedures.
PropMiC let owners and board members update contact information online
PropMiC give owners online access to their data; let them run reports on demand
PropMiC allow board members to access their association's financials online
PropMiC make management agreements and other documents available online
Receive and respond to maintenance requests online.
Accept electronic payments from residents safely and securely
Send and receive payments from multiple bank accounts
Automatically update the correct ledgers when payments are received
Run activity reports to view pending, funded and rejected payments
Keep residents informed with status updates
Maintain property repair and maintenance records
PropMiC generate maintenance reports for property owners and board members
