Comprehensive Financial Reporting

Frequently Asked Questions

• What financial reports will I receive for my rental property?

  PMI River City provides monthly owner statements showing the financial activity for your rental property. These reports typically reflect rent received, management charges, maintenance or vendor expenses, owner disbursements, and the resulting account balance. Supporting invoices and property records are available through the owner portal, giving you ongoing access instead of limiting visibility to a monthly email. At year-end, owners also receive the applicable year-end statement and tax reporting documents, including a 1099 when required. This organized reporting helps owners monitor performance and maintain records for their tax professional.

• Can I access my property’s accounting information online?

  Yes. Every owner receives access to a secure online portal where statements, invoices, rent activity, work orders, lease documents, and other property records can be reviewed. The portal gives you real-time visibility into your investment without requiring you to request each document separately. You can see when rent was received, what expenses were paid, and how the owner disbursement was calculated. Monthly statements remain available for reference, which makes it easier to compare periods, answer questions, and provide organized information to your accountant or tax preparer.

• Does PMI River City provide year-end tax documents?

  Yes. PMI River City provides owners with applicable year-end financial reporting, including a year-end statement and Form 1099 when required. The monthly statements and vendor invoices retained in the owner portal also help create an organized record of income and expenses throughout the year. These documents can make tax preparation more efficient, but PMI River City does not replace your accountant or provide individual tax advice. Owners should work with a qualified tax professional to determine how rental income, repairs, improvements, depreciation, travel, and other expenses should be treated on their specific return.

• How are security deposits and vendor payments recorded?

  PMI River City maintains transaction records within its property management accounting system. Security deposits are handled according to the lease, management agreement, and applicable Florida requirements, while approved vendor invoices are recorded against the property account. Your owner statement and portal show the financial activity affecting your property, including expenses paid before the remaining proceeds are distributed. Maintaining a centralized ledger reduces the confusion that can occur when rent, repairs, deposits, and owner payments are tracked across separate spreadsheets or bank records. Specific deposit handling and disposition follow the controlling documents and applicable law.

• Can my accountant review the information PMI River City provides?

  Yes. Owners can download monthly statements, year-end summaries, invoices, and applicable tax documents from the owner portal and share them with their accountant or tax preparer. The consistent reporting format helps your advisor understand the property’s recorded income and operating expenses. PMI River City can explain entries generated through the management account, but decisions about deductions, capitalization, depreciation, ownership structure, or tax strategy belong with your tax professional. Keeping the records organized throughout the year can reduce last-minute document gathering and make it easier to answer questions about individual transactions.