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This simplified statement is a feature that appeals to many of our owners. The statement, corresponding bills, and proceeds check (if applicable) are mailed by the 20th of each month.
Raines Property Management
318 North Main Street
Blacksburg, VA 24060 |
Joe Smith
318 North Main Street
Blacksburg, VA 24060 |
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| Monthly Owner's Statement |
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Joe Smith
November 1, 2002 to November 30, 2002 |
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| Date |
Description |
Amount |
Balance |
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| 11/1/02 |
Beginning Balance |
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Revenues |
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Rent Apartment |
$725.00 |
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{tip Revenues: this is the amount collected each month from the resident.}Total Revenues{/tip} |
$725.00 |
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Expenses |
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Maintenance |
$127.50 |
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Management Fees |
$72.50 |
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{tip Proceeds check: this is the amount that the owner receives if applicable. This can be mailed to you with the statement or mailed to the bank for deposit into your account.}Owners Proceeds Check{/tip} |
$425.00 |
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{tip Expenses: listed will be items such as dues, mortgage payments, repairs, lawn care, management fees, etc.}Total Expenses{/tip} |
$625.00 |
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Net Balance Change |
$0.00 |
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| 11/30/02 |
Ending Balance |
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{tip This amount is the maintenance reserve which the Virginia Landlord Tenant Law requires to be held. If any part of the reserve is used, the difference will be held out of the next month's rent. If the reserve is not used, it rolls over to the next month.}$100.00{/tip} |
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