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Of course, the type of report you’ll want to produce depends on how you’re paid, the terms of your agreement, and the key issues they want to know about. Here’s a few items owners are interested in: Components of Property/Owner ReportsĪn owners statement is a short synopsis or summaries of key items which owners want to know about and you could configure them to include sub reports such as renter reports, task reports, maintenance reports, income reports, and marketing reports. It’s an excellent way to boost their confidence in you, and give them a snap shot of their property’s performance. The owner’s statement produced via property management software helps you account for expenses, how much rent is paid, where money went, and what amounts are left in their account. And that’s especially, if you have a lot of properties. Owners really do want to see this kind of info, yet you’re hard pressed to produce it with paper based invoices and receipts.

It can accompany the owner’s income and expense statement. The owner’s statement is a concise way to help you maintain accurate accounts of financial transactions including utilities, contractor payments, and service fees account for money spent. And yet, property owners don’t always appreciate what you do, how you manage costs, and keep your buildings, condos, and other properties well maintained.

Property management is all about serving property owners (and keeping tenants happy). Property Management and the Owner’s Statement