Owner Statements PDF Template Version 1

Overview

Owner Statements PDF Template Version 1

Owner Statements are used to provide owners with a detailed view of all income and expenses that relate to their investment property.

There are also a number of statement settings that will change the way your owner statements are presented.

This article will walk you through the key areas of an owner statement.

The process in this article include:

• Understanding owner statements
• What other important information or documents are attached with owner settings?

Understanding owner statements

Owner statement settings will determine how your statements display & delivered, including lodgement reference display.

1. Key Statement, Property, Ownership and Tenancy Information.

2. Balance Brought forward or carried over from the previous statement period.

3. Income from rent, tenant reimbursements and other funds.

4. The expenses section displays all owner expenses, including maintenance, bills paid from trust, and agency fees.

5. The payment to owner section shows the amount that was paid to the owner for this statement period. The payment to the owner is calculated - balance + income - expenses = payment to the owner.

When you make a payment using funds from another management of the same owner, you will see “owner to owner transfer” OR “Funds Transfer” in the transactions and the owner statement.

As an example, if you use funds from a common property to pay bills for a unit from the same owner, this will transfer funds to that property to identify exactly where the funds have gone from.

What other important information or documents are attached with owner settings?

Owner statements will show a number of other important information, some of these include:

1. Copies of your utility & other bills that are paid on behalf of your owners
2. Rent reviews or deductions that occurred in the statement period
3. Money that is currently being withheld from disbursing to your owners