Accounting & Reporting

Monthly reports allow owners and managers to regularly review asset performance,  identify potential cost savings, and income opportunities.

SAGAREUS ACCOUNTING & REPORTING

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.

Accounting + Reporting

SAGAREUS ACCOUNTING + REPORTING

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