Owners can access their monthly accounting statement through the online Owner’s portal at anytime. Statements include rents received along with deducted management fees and any other expenses which GK Properties pays on your behalf.
GK Properties will post updated statements by the 15th of each month. For access see home page of our website.
Unless otherwise requested, GK Properties does not typically manage mortgage payments on behalf of Owners.
End of Year Statements
Year-end statements provide a complete account summary of each transaction posted on your account during the year.
Statement will be mailed with your 1099, but can also be accessed through your online Owner’s portal.
Collection of Rents and Other Receipts
Rent is due the 1st of each month and considered late after 3:00 pm (office hours) the 3rd.
Eviction Proceeding commence the 8th of each month unless tenant has made prior arrangements.
Disbursement of Owner’s funds are sent by direct deposit or check by mail. Owners set up via direct deposit typically receive funds on or before the 10th of each month.
Paper checks are mailed by the 13th of each month and may take up to 5 business days to receive.
Broker shall maintain a separate Security Deposit Trust Account for security deposits, cleaning, pet and other deposits as per State requirements.
Deposits are based on the monthly rental amount and the credit status of the tenant up to three times the monthly rent amount.
Security Deposit Dispositions are prepared within 30 days of tenant move-out and will include a deduction for any repairs required which are above normal wear-and-tear. Deductions from Security Deposits can include general cleaning, carpet cleaning, maintenance and repairs, unpaid utilities, landscaping, painting, etc.