I can process any recurring bill or repair bill associated with the property. Additionally, bills resulting from property improvement projects are usually assessed a management fee to supervise and coordinate the project.
You choose which recurrent bills you want me to process. Monthly Bills for the property are paid from the proceeds of the rent before disbursing net rent to you.
Payments to vendors on small repairs and improvements are usually processed in a 50/50 split.
Initial Payment is issued after the owner has agreed with terms on the vendor's estimate.
Final Payment is issued only after I inspect and approve the completion of the job, and after receiving the final invoice.
Payments to vendors on large jobs may vary depending on the nature, size, and duration of project. Usually there are more than 2 disbursements:
Initial Payment is also issued once owner has agreed on terms.
Periodic Payments are scheduled based on completed stages of the job.
Final Hold of 10% is released once property manager and owner have inspected and approved the completion of the job, and after receiving the final invoice.