Any discrepancy over or under is dealt with the following year when the annual budget is adjusted. 

As far as any discrepancies between the exact current value of Tim's portfolio, I can only say these numbers were taken as a snapshot of then current positions.

if you were worried about them trying to take money from you, then you should have been smart and put a meter on their water pump after you told them to flush it out or whatever so that you can gauge how much extra you cost them and then take that off the rent and then there's no discrepancies. it was completely due to your negligence that caused them an inconvenience and a health hazard. not sure we're all these other landlords get off assuming these are just cash grabbing freeloaders when they didn't do anything except do their part and move into a place and pay rent.so you can benefit from them doing so.

This helps catch any discrepancies early and keeps you informed about your properties' performance.Budgeting and Forecasting: Create a budget for each property, including expected income, expenses, and reserves for maintenance or vacancies.

Such an agreement should detail how rental income and expenses will be split to avoid discrepancies and comply with IRS regulations.It's essential for both cousins to adhere to IRS guidelines, which require accurate reporting of rental income and expenses based on ownership percentages.

Many people sell, hiding tens of thousands of discrepancies to pass on to others.

A theory on the discrepancy may be that the landlord added late fees ontop of the late balance that they thought was uncollected. 

I'm wondering about how the courts treat this - ie: say there are discrepancies in local (in state operating LLC) vs that out of state holding company's treatment of the laws - is it a simple, appeal process to get a matter into that holding company's courts? 

There seems to be a lack of due diligence before properties are listed, and when questioned about the discrepancies between advertised and actual returns, the responsibility is often shifted to third parties.While it is true that there are properties within their portfolio that do cash flow, finding these requires careful due diligence on the part of the investor—just like any investment.

The last fund I worked for who pulled and analyzed AirDNA found a lot of discrepancies and false data.