Collect all rents and deposit in trust to be disbursed to the Landlord/Owner
Pay routine, pre-approved operating expenses out of rental receipts
Liaise with Owner to obtain approval for any extraordinary expenses (for all such expenses above $200 in cost)
Communicate with the tenant to ensure they are aware of all rules & regulations at the property
Deal with tenants on behalf of the Owner on all matters related to the property and provide annual rent receipts to tenants
Maintain an accurate account of receipts and disbursements, and provide the Owner with a detailed monthly accounting statement
Monthly expenses including property management fees to be paid from collected rents & all receipts will be kept on file for delivered to the Land Owner
