It is advantageous to have your property manager to pay your accounts through the rental funds. Many owners will pay their own rates and maintenance bills directly thinking that they will have better control. In one sense yes, this provides a clear understanding of your cash flow will be. But have you consider for ease of accounting it might be better to have a float for your mortgage and have your agent pay all your expenses.By allowing your agent to pay all your expenses means they are documented on your statement and PDF copy of the account is sent to you by email or a printed copy should you wish to receive them via post. At the end of the year the agent will send you an end of year financial summary with a list of all your income and expense listed on one page. This ensures you have a stress less period when it comes to tax time for your property expenses. The best thing is that this is included in your month administration fee so why not take up the service.
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