Owner Monthly Report

Turns your rent records, expenses, and maintenance notes into a clear monthly report for the property owner.

Property managerProperty✓ Checkedv1.0

Before and after

BEFORE · what the owner typed

Manager's notes: "march report for philip underwood. hartland property mgmt, my number is 312-555-0104, randall alston signing. 3 units. 5319 Gableland St Birchford, rachel wagner, 1850, paid the 3rd. 5698 Grayland Ave unit A ray barnes 1400 paid the 1st. unit B rebecca bishop 1450 paid the 12th, late, we charged the 70 late fee and she paid it with the rent. our fee is 8% of rent collected not counting late fees. expenses: ralph yates fixed leak under kitchen sink at gableland 185. lawn service at grayland 120. ralph yates replaced the water heater in unit B grayland, its a Navien tankless, 1640, philip ok'd it by email on march 9 because it quit. ray barnes lease ends may 31, hasnt said if hes renewing. gutters at grayland have leaves packed in them, i want to recommend a cleaning. rachel says the kitchen faucet at gableland drips a little now and then."

AFTER · what the skill produced

Monthly Owner Report for Philip Underwood
Hartland Property Management, March

Summary
All three units were rented and all three tenants paid in March. Rebecca Bishop paid on March 12, after the due date, and the late fee was collected. Your net for the month is $2,449.

Income

5319 Gableland St, Birchford, Rachel Wagner: $1,850 (paid March 3)
5698 Grayland Ave, Unit A, Ray Barnes: $1,400 (paid March 1)
5698 Grayland Ave, Unit B, Rebecca Bishop: $1,450 (paid March 12)
Rent collected: $4,700
Late fee collected from Rebecca Bishop: $70
Total income: $4,770

Management fee
8% of rent collected, not counting late fees: 8% of $4,700 = $376

Expenses

5319 Gableland St: leak repair under the kitchen sink, Ralph Yates, $185
5698 Grayland Ave: lawn service, $120
5698 Grayland Ave, Unit B: Navien tankless water heater replaced by Ralph Yates, $1,640 (you approved this by email on March 9)
Total expenses: $1,945

Owner net
Total income $4,770 minus management fee $376 minus expenses $1,945 = $2,449

Property updates

5319 Gableland St: Ralph Yates repaired the leak under the kitchen sink. Rachel Wagner also told us the kitchen faucet drips a little now and then.
5698 Grayland Ave, Unit A: Rent was paid on time. Ray Barnes has not told us whether he plans to renew.
5698 Grayland Ave, Unit B: The water heater stopped working, and Ralph Yates replaced it with a Navien tankless unit after your approval. Rent was paid late on March 12 with the late fee.

Recommended

5698 Grayland Ave: the gutters are packed with leaves. We recommend a gutter cleaning.
5319 Gableland St: the kitchen faucet drips on and off. We recommend having it looked at.
You decide whether to approve, decline, or defer either item, and we will record your decision.

Decisions for you

Ray Barnes's lease for Unit A ends May 31. Please tell us if you want us to offer a renewal. Please confirm any notice requirements locally, or with an attorney if you have legal questions.

Questions for the owner

We do not have a cost for the gutter cleaning or the faucet work yet. Do you want us to get quotes?
What date did we send your $2,449 payment? Please give us the date to add to this report.

Questions or changes? Call Randall Alston at 312-555-0104.

Made by Thompson Foundry Innovations (TFI). TFI Level: Draft.

What it does

Turns your rent records, expenses, and maintenance notes into a clear monthly report for the property owner. It shows what came in, what went out, what the owner receives, what happened at each property, and what needs the owner's decision.

Use it when: Use when a property manager needs to turn rent records, expense receipts, and maintenance notes into a monthly report for a property owner, such as: write the owner report, monthly statement for the owner, owner update, or explain this month's numbers to the landlord.