Financial Services

Every management agreement signed with ECM establishes a fiduciary relationship between ECM and our owners’ properties. Accounting for and protecting the funds of the property owner are among our most important responsibilities.

Financial Services

ECM’s financial services include:

  • Monthly Landlord Operating Statements showing income and expense;
  • Monthly tenant rental statements detailing any additional charges, tenant bill-backs, cost-of-living increases, etc;
  • A separate bank account for the deposit of all funds and revenue;
  • Monthly reconciliation of bank statements and timely resolution of any rental payment delinquencies;
  • Preparation and execution of legal documents (under the guidance and assistance of legal council) for action items requiring legal remedy, including Unlawful Detainer, rent collection, and court appearances as required;
  • Tenant correspondence regarding computation of annual increases, expenses pass-through adjustments, and other tenant obligations;
  • Review and payment of building expenses;
  • Preparation of an annual operating budget based on short and long term ownership goals;
  • Preparation and distribution of year-end 1099’s and other required tax-related items.