How to Run a Basic Owner Statement in Property Management Software

In this guide, we'll learn how to run a basic owner statement using the system's reporting features. This process involves selecting the owner and the desired time period, and choosing all the detail options to generate a comprehensive report. The report will show the beginning balance, collected rents, management fees, other fees, distributions, and the remaining balance in the escrow account. This is useful for providing owners with a clear financial overview of their accounts.

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I will run a basic owner statement under Reports > Owners > Owner Statement > System Owner Statement. I will select the owner and the time period to display. I will choose all the detail options. By the way, I'm doing an AI capture, so when you speak, it's capturing the audio. It will show the beginning balance of their account for the selected time period. In this case, we had collected some rent for Mikhail before the beginning of the month.

It will then show the management fee, any other fees deducted, the distributions, and the remaining balance in our escrow. For example, Natalia asked to see the details. By hitting "view report," you can see we started with $265 in the account, collected $3,841 (rent and sewer payments), deducted the management fee, and sent her the balance.