RENTAL MANAGEMENT COMPANY |
OWNER REPORTS A trust account is maintained for each owner. All rents and other income are deposited into that account and any operating expenses are paid from it. The account is governed by regulations of the California Department of Real Estate. A report of account activity similar to the sample below is mailed to each owner at the 1st of each month along with a check for any excess funds in the account. The report details any transactions during the prior month. Original receipts and paid invoices are enclosed.
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