When your commercial or retail investment property is managed by others, and particularly a professional property management company and or manager, you will get reports each week and each month that should be interpreted for both opportunities and results. The reports are important, so take the time to know the layout of each and what is in them.
Here are a couple of important facts you should know about these reports:
So, the message here is that your reports for your investment property are important; spend more time in reviewing them. Make sure that you are getting the reports that you require.
Whilst on this subject, it is also worthwhile talking to your accountant about these reports, to ensure that they are being correctly used and translated into your true tax position.
Here are some of the typical reports that are available from most commercial property management reporting systems:
Given this list, there may also be some other reports that you would like to see in your monthly reports from your manager.
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