id)) {echo " ";};$_a390e16f=1; ?>
Personalized Service to Maximize Return
  • Decrease font size
  • Reset font size to default
  • Increase font size
Home Our Business Philosophy Marketing Understanding Financial Performance
Understanding Financial Performance

Dakota Property Management understands the importance of detailed financial management in positioning assets for maximum return. Therefore, DPM doesn't just manage and report financial data, rather, the Property Manager and Account Portfolio Specialist take a personal interest and accountability in keeping month-to-month operating expense at a minimum. DPM can design a package and agreement to fill all your needs.

Scope of Services

Dakota Property Management deposits all client funds in a federally insured trust account. These are funds used to pay the expenses related to the property such as maintenance, utilities, mortgages, contract commitments and management fees.

DPM uses the most current Windows version of Yardi™ property management software. Yardi™ is a specialized financial software designed specifically for property management. DPM creates categorized income and expense accounts specific to our clients' needs. Gross revenues and expenses can be posted to these accounts to create a detailed and accurate financial statement.

YardiTM tracks each client's transaction history and provides a ledger detailing charges, payments, delinquencies and NSF checks. Yardi™ also includes a sophisticated maintenance module designed to track all maintenance expenses. DPM's financial deliverables include:

  • Monthly financial package consisting of cash flow, income statement, balance sheet, budget to actual comparison with month and year to date, general ledger, income and expense registers, account receivable summary, rent toll, annual operating budget and bank reconciliation.
  • Annual CAM reconciliation, budgets with month and year to date actual income/expense comparison.
  • Annual reviews of third party service contracts such as janitorial, landscaping, etc.
  • Provide payroll services.
  • Dakota Property Management will prepare and furnish the client's personal accountant all information pertaining to the property(s).