Each month, we send out an owner statement to all of our clients. This shows all the details about their managed property that occurred month to date. In this post, we will show you how to read and understand your property management owner statement.
This is the first page of the owner statement. It is a summary of all your activities. It’s going to have one line for
- Rental Income
- Management Fees.
It’s basically a quick overview to get a glimpse of how your portfolio is doing.
The body of the owner statement is where you are going to find all the details of the summary. It will show all of your rent received which it will be broken down by each payment. The statement is going to show all the bills that were paid and, again, those will be broken down into vendor information. The statement is also going to have all the maintenance notes related to each bill and the amount of those bills.
The last page of the owner statement will have your lease information. It will have the lease name, total security deposit, total monthly rent and the location where that lease is held. It will also show any unpaid bills for the resident at the bottom of your report.
Want to View Your Statement?
As a current client, you will receive monthly owner statements. You can always view these statements in your owner portal. If you aren’t a current client, you can see a sample of our owner statement in our Client Handbook. You can take a look at it here.
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