101 Property Mgmt handles the accounting side of property ownership for owners across Santa Barbara and Ventura County, so your books stay accurate and compliant without you managing them yourself.
What Our Accounting Services Cover
- Trust accounting: owner and tenant funds are held and tracked in compliance with California trust accounting requirements.
- CAM reconciliations: common area maintenance charges are tracked and reconciled for commercial properties.
- Monthly owner statements: itemized statements showing income, expenses, and net proceeds.
- Vendor payments: maintenance and vendor invoices are tracked and paid on your behalf.
- Year-end tax documents: 1099 preparation and year-end summaries for tax filing.
Why Accurate Accounting Matters
Property accounting errors can create real problems, from mismatched trust accounts to missed deductions at tax time. Our process is built around compliance first, so your records hold up whether it’s a routine owner question or an audit.
Areas We Serve
Santa Barbara, Montecito, Goleta, Carpinteria, Isla Vista, Summerland, Mission Canyon, Ventura, Oxnard, Santa Maria, and Lompoc. See our full Areas We Serve page for details on each location.
Related Services
For more on how this fits into your overall management, see Financial Reporting and Accounting, Owner Statements, and Commercial Real Estate Agency.
Frequently Asked Questions
What is trust accounting? It’s how owner and tenant funds are held separately and tracked in compliance with California property management law.
Do you handle CAM reconciliations? Yes, for commercial properties we track and reconcile common area maintenance charges against actual costs.
Will I get tax documents at year-end? Yes, we prepare 1099s and year-end summaries to make tax filing straightforward.
Get Started
Have questions about our accounting process? Contact 101 Property Mgmt to get started.