TriStar protects your income through timely rent collection and careful bookkeeping. Our rental finance management services help you understand the health of your investment and simplify your yearly tax filings.
In addition, income and expenses can be viewed at any time through an owner portal, allowing you to track average monthly income, identify payment patterns, and more. We carefully review monthly and yearly reports for discrepancies and areas for improvement, so you can be confident your investment is performing at its best.
Unlike with a business, your rental property only has one stream of income—rent. Our tenant screening process decreases the likelihood of late payments, but we’ll address payment issues directly with the tenant so you don’t have to.
TriStar Property Management uses an online payment portal to cut down on processing time. If your tenant opts for another payment method, however, we’ll ensure it is deposited in your account promptly.
Monthly statements allow you to identify trends in your income and property expenses. While TriStar will review your monthly statements for errors, such as overpaying a contractor, you may also wish to review them to better understand how your investment is performing. Some fluctuations in monthly earnings are normal, but viewing monthly statements over time can help you set income expectations.
Our online owner portal allows you to access your financial records at any time. In addition to a complete transaction history, you’ll also be able to view and download monthly and yearly reports. Your owner portal is where you can find financial insights on your investment. It also allows for fast and secure processing of payments and owner draws.
Year-end statements summarize income and expenses for your property for the entire year, which helps you evaluate key performance indicators for your investment and identify areas for improvement. At Tristar, we’ll partner with you to improve your property’s income year after year. Your tax professional will also need access to your year-end statements to file your annual tax return.
TriStar will help streamline your yearly taxes by providing 1099s in addition to your year-end statement. 1099s notify the IRS of otherwise undocumented income from investments or contract work. We’ll also take care of issuing 1099s to any contractors who worked on your property during the year.
Tristar has the highest levels of professionalism and excellence as our property management company. We are a military family that has rented our home in Colorado Springs before, Tristar is by far the best company we have worked with. From the start Sharon Black and here team were focused on the making the process easy for us. It is a great feeling to know that your management company is going to take care of your home and provide the highest levels of management. The team provides lots of communication, and wee truly felt that they were always one-two steps ahead, making sire out home was rented, and supporting is as we prepared to move for the military, This is what sets Tristar apart form other companies, Sharon and her team truly case and take pride in providing the highest levels of support. Highly recommend them to anyone for property management!
Richard C.
Sharon and her team have been valuable asset on the success of renting out our property here in Colorado. They are well oiled machine! They have excellent communication skills, prompt responsiveness to concerns or question, great marketing skills, thorough tenant screening, transparent financial records as well as fostering a good relationship with the tenant, All in all good!
Christina M.
In 2021, I had the pleasure of working with Sharon when she was with a different property management company, managing my rental property. Her professionalism, attention to detail, and exceptional communication lest a lasting impression, When Sharon decided to leave and start her own business, Tristar Property Management, I choose to follow her due to a challenging situation with another agent. I reached out to Sharon to inquire if she would take over the management of my rental property, and she was enthusiastic to continue our partnership. Since then, Sharon and her team at Tristar Property Management have consistently gone above and beyond, providing me with pear of mind and exemplary services. I highly recommend Tristar Property Management for their dedication, reliability, and outstanding property management services.
Kellie M.
Sharon is the best property manager I have ever had! I'm son grateful to have her manage my townhouse. She cares about mu property and my goals/concerns as a landlord but she also shows a lot of care for here tenants! She is great at communication and handles any issues that come up extremely efficiently. Also, she has a knack for marketing and connecting the right properties with the right tenants. She was able to file renters for my property in less that 2 weeks. I feel at ease with Tristar Property Management and trust they have the best interest for owners and renters.
Jessie B.
I live at a property managed by Tristar and I have to say they have been awesome. ANY issues big or small that I bring up, they get it taken care of right away. Any property owner that is looking for management company should look no further that Tristar as your property and tenants will be in the best hands possible which gives you much less to worry about.
Aaron L.
We have been renting from Tristar for going on two years now. They are absolutely amazing. When we first moved to Colorado due to the army...we were young, inexperience, and new to renting. Sharon made the process as smooth as possible, and ensured when we arrived we would be moved in ready. They stay on top of maintenance, and are very friendly. I have absolutely no complaints!
Taylor M.
Hands down the most attentive, respectful and kind management company I have rented from.
Elijah T.
We worked with Sharon and it's been great! Very professional, transparent and no nonsense kind of attitude. My wife and I were new renters so she broke everything down for us in a way that was simple and easy to understand.
Alexander N.
Sharon and TriStar Property Management is who I recommend and refer for all property management needs. Proficient, reliable and communicative are just a few of the attributes you will observe when working with Sharon and TriStar Property Management.
Nicole S.
Sharon is the best property manager I have ever had! I'm so grateful to have her manage my townhome. She cares about my property and my goals/concerns as a landlord but she also shows a lot of care for her tenants! She is great at communication and handles any issues that come up extremely efficiently. Also, she has a knack for marketing and connecting the right properties with the right tenants. She was able to find renters for my property in less than 2 weeks. I feel at ease with Tristar Property Management and trust they have the best interest for owners and renters.
Jessie B.
To learn more about our property management services and how we can maximize your ROI, contact us today.