Comprehensive Financial Reporting

Transparent Financial Reporting with RentWise: A Case Study in Simplified Property Management

At RentWise Property Management, we take pride in delivering clear, accurate, and timely financial reporting that gives property owners peace of mind. By leveraging Buildium’s state-of-the-art Owner Portal, we ensure you have 24/7 access to your property’s financial performance while we handle the heavy lifting.

Here’s how our financial reporting services provide unmatched value to our clients:

Comprehensive Financial Tracking

Through our secure, web-based accounting system, RentWise tracks every aspect of your property’s financial performance. Monthly reports are delivered directly to your inbox, giving you a clear snapshot of your income and expenses. For added convenience, all reports are accessible at any time through the Owner Portal. Simply log in to:

• View detailed income and expense reports.
• Review rent collection and processing activity.
• Check payments made to maintenance vendors.
• Monitor any additional payments made at your request.

With RentWise, you’re always in control of your property’s financial health—without the hassle of manual tracking.

Convenient Owner Portal Features

The Owner Portal, powered by Buildium, empowers you to manage your investment effortlessly. You can:

• Access Monthly Statements: Download your monthly owner statement with a breakdown of income, expenses, and net cash flow.
• Receive Direct Deposits: RentWise ensures all rental income is processed via ACH directly to your bank account for faster payouts.
• Monitor Vendor Payments: Easily track maintenance expenses and vendor payments in real time.

This transparency and accessibility give you the tools to stay informed, whether you’re reviewing monthly reports or preparing for tax season.

Annual Reporting for Tax Season

At the end of each year, RentWise simplifies tax preparation by providing comprehensive tax documentation, including:

• IRS Form 1099s for rental income reporting.
• Annual Owner Summary Statements, offering a full breakdown of the year’s income and expenses.

These reports are designed to save you time and ensure compliance with tax regulations, making tax season stress-free.

Real Results: A Client Success Story

The Challenge: A busy property owner with five rental properties struggled to manage financial tracking, tenant payments, and tax preparation on their own. They faced late payments, unorganized financial records, and significant stress at tax time.

The RentWise Solution: After partnering with RentWise, the owner gained access to Buildium’s Owner Portal and RentWise’s hands-on financial management services. With our monthly financial reports, automated rent collection, and detailed annual summaries, the client saw:

• On-Time Rent Payments: Through the tenant portal and automated reminders, 100% of payments were processed on time.
• Organized Records: The owner was able to access monthly and annual financial statements anytime, streamlining their cash flow review.
• Stress-Free Tax Season: With 1099s and summary statements provided by RentWise, the owner filed taxes quickly and confidently.

The Outcome: The owner reported increased confidence in their property’s financial performance, lowered their expense ratio and gain a trusted partner to grow their portfolio. The RentWise Team saves the client countless hours of administrative work.

Why RentWise?

We don’t just manage properties—we are owners and operators. We empower property owners with the tools and insights to grow their investments. By combining expert financial management, cutting-edge technology, and personalized service, RentWise ensures that your property’s financial health is always in good hands.