Monthly owner reports: the figures you need

A useful report connects receipts, expenses, balances and outstanding actions. “Everything is fine” is not enough for remote management. Agree a consistent format for month-to-month comparison, supported by relevant records without unnecessary personal information.

Practical steps

1. Request opening balance, receipts, payments and closing balance
2. Include maintenance, vacancy and decisions awaiting your approval
3. Match expenses to invoices and query unexplained amounts

General guidance. Consult qualified professionals on legal, financial and technical matters specific to your transaction.