Every month I do some accounting of our expenses and our
income. I was doing some checking of the rental property management fees. I had made some assumptions about the rent
that was collected. The management
company calculates their fees based on the rent collected. I also calculated the management fee based on
the calendar month. I found that the
management fee was all wrong. Barb asked
me to write it all down so she could call the management company and straighten
it out.
Barb couldn’t figure out my notes. So we went over them together with the
management company reports that they sent her.
When we looked at the management reports and the bank account, I found
out that I had made a lot of bad assumptions and the management fees were
actually right on.
Barb was so happy that she had straightened it out before she
phoned the management company. She would
have been so embarrassed if she had accused them of messing up their fees only to find out that my accounting was all confused and
there was no problem after all.
No comments:
Post a Comment