Accounting & Reporting
Monthly reports allow owners and managers to regularly review asset performance, identify potential cost savings, and income opportunities.
Monthly Reports
Owners receive reports each month. Reports include Owner Statement, Rent Roll, Income Statement and Bank Reconciliation.
Owner Distributions
Distributions are sent via EFT when reports are sent. Fund typically arrive in the owner account within 3 business days.
Utility Recovery
Sagareus manages the water and sewer accounts to regularly monitor usage and ensure cost recovery.
Security Deposits
Upon move out, Sagareus withholds and refunds tenant security.
High Yield Interest
Sagareus holds deposits in high yield interest earning accounts to maximize return for owners.
Bill Pay
All property bills and invoices are received, tracked, and paid via separate owner operating accounts. Receipts are maintained for every payment.
1099s
Sagareus distributes 1099-MISC income documents to vendors and owners via email each year. Physical copies are available upon request.
Year End Report
Sagareus sends a year end report consolidating monthly reports for easy tax reporting.