Get Ready, 2021 Has Arrived!

2020 is officially over, and we’ve entered 2021. 2020 was a challenging year, to put it mildly, and the landlords in San Diego are relieved to see it go. They must now gather all the data from the last 12 months and figure out how to manage a new year.

Taxes Must Be Paid

No one can escape the taxman. All the forms need to be completed and prepared for filing. Many property owners have their taxes prepared by a third-party. Those CPAs must get the information as soon as possible. The figures must be accurate. A person’s real estate portfolio may have rentals in several San Diego suburbs. Multiple filings will need to have coordinating activities so that information is reported to the right place.

Planning Tomorrow Right Now

Landlords in San Diego need to develop a game plan for the new year. They must project future costs based on current cash flow. Situations where tenants are late on rent payments or have outstanding balances, will make that plan extremely difficult. Any delays in repairs can also impact the statistics.

Yesterday’s Bookkeeping Is Dangerous

It might sound crazy, but some landlords continue to keep receipts in shoeboxes. Pads of paper that have numbers on them are scattered all through the office. A person must spend hours trying to get all the information into one place.

The old ways of keeping records are inefficient. Property owners spend considerable time collecting and organizing figures. Time is money and the old ways will waste a lot of both. There must be a better way. Fortunately, there is.

Rely on The Outside

Record keeping and calculations are chores a landlord does not need to do personally. Property management companies in San Diego are there to help landlords who are overwhelmed by numbers. A property management establishment deals with figures daily. These professionals are the ones who monitor rent collections, authorize repair payments, and make sure the taxes are paid promptly. Human error will happen if a clerk is responsible for compiling the figures. A high-quality property management company in San Diego is going to use technology and the best software. Alta Vista Properties takes pride in the service it gives to all its clients.

We Know the Numbers

We have served landlords in the area for decades. We appreciate how vital accurate figures are and that these must be reported quickly to any client. We take the efficient route and provide service.

We use electronic transfers for all rent. It permits us to have access almost immediately to the rent, and we allow those financial institutions to do the calculations. Alta Vista Properties takes advantage of the best software in the industry. What the software will enable us to do is to produce required financial reports and tailor reports to the needs of the client. It is essential to do that, particularly if the client is preparing to apply for a loan at a new financial institution. Accurate figures, providing precise information to the bank go a long way in getting a needed loan approved.

Managing the money is one of the services we provide; there are others as well. We take over the administration of all leases for the client and we interact with the tenants. Alta Vista Properties maintains all rentals, make sure repair work is done, and does the marketing.

Please do inquire at any time about our property management services. We can be reached at 858-274-3600 or by email at info@altavistaproperties.net. We look forward to hearing from you and answering your questions!