What financial reports should I expect from my commercial property management company?
Category:
Property Management – Property Owners
Professional property management should provide timely, accurate, and understandable financial reporting. While reporting formats vary, owners commonly expect an income statement, balance sheet, rent roll, accounts receivable aging, operating expense summary, budget-to-actual comparison, and documentation supporting significant expenditures.
The purpose of reporting is not simply to explain what happened last month—it should help owners make informed decisions about the future.
Good reports answer questions before owners need to ask them.