The monthly income statement provides an overview of the revenue and expenses related to your property. This report will show you how much income was generated from rent payments, as well as any expenses incurred such as maintenance costs or property management fees. By reviewing this report, you can track the financial performance of your property and identify any areas that may need attention.
The cash flow statement tracks the movement of cash in and out of your property over a specified period of time. It shows you how much cash was generated from rental income, as well as how much was spent on expenses like repairs or upgrades. By analyzing this report, you can ensure that your property is generating positive cash flow and making sound financial decisions.
The rent roll report provides a detailed list of all tenants currently renting units in your property, along with their lease terms and rental rates. This report is essential for tracking rental income, monitoring lease expirations, and identifying any delinquent tenants. By reviewing this report regularly, you can stay informed about the status of your rental properties and take proactive steps to address any issues.
The annual budget forecast outlines projected revenues and expenses for the upcoming year based on historical data and market trends. This report helps you plan for future expenditures, set realistic financial goals, and make informed decisions about investments or improvements to your property. By working closely with our team at SDMG Property Management, we can help you create a comprehensive budget that aligns with your long-term financial objectives.
