ACCOUNTING STATEMENTS

Monthly Accounting Statements are mailed to owners on the same day the rent is distributed and contains the following information for the month:

• Rent payment received by Keller Williams LKN 
• Other credits, if any
• Itemized accounting of all expenses/deductions
• Balance of rent payment distributed to owners
• Copy of receipts for all expenses/deductions
• Contact information of assigned Property Manager
• Contact information of referring Realtor (if one)

Annual Accounting Statements and 1099s are mailed to owners on or before the 30th of January and contain the following information required for tax purposes:

• Total annual rent payment received by Keller Williams LKN 
• Total annual credits, if any
• Total annual expenses/deductions separated into three categories:
  • Service Fees
  • Maintenance and Repair Costs
  • Others expenses/deductions
• Total annual rent payment distributed to owner