Gulf Shores, AL, March 24, 2010 --(PR.com
)-- As tax time approaches, some owners of vacation rental properties are searching through desk drawers, digging through shoe boxes of receipts, trying to gather all the necessary information for their tax returns. At the same time, owners at Gulf Shores Plantation in Gulf Shores, Alabama who use Mandoki Hospitality to manage their properties can enjoy a less stressful tax season.
Each month the accounting department at Mandoki Hospitality (MHI) generates owner statements that provide a detailed record of all income and expenses. The reports also include maintenance and housekeeping work orders.
To further assist their owners, MHI's accounting department collects and remits lodging taxes and provides a yearly 1099 report. Having timely and comprehensive reporting means that MHI owners can keep track of their rental property information and better manage their investment.
Beyond these helpful tax services, MHI provides an ongoing financial benefit to their owners with the assumption of risk on checks and credit cards. The owner's net income is not affected by credit card fees, bad checks or credit card losses. Owners receive payment for rent as if MHI received full payment for the rental.
"We are the only rental management company affiliated with Gulf Shores Plantation that has a significant monetary investment in the resort," said Pedro Mandoki, President and CEO of Mandoki Hospitality. "This means that we can offer our owners the advantage of a professional management company and the onsite services that benefit both our owners and guests. This is important for tax time and all year long."
Mandoki Hospitality owns all of the commercial space at Gulf Shores Plantation, including offices throughout the property, the registration center, as well as the maintenance and commercial laundry facilities.