If you are using REI Hub to keep the books for properties you manage but do not own, you can use the Owner Statement to communicate property performance and activity to the property owner.

For more information on setting up your REI Hub portfolio for use as a third-party property manager, please check out our resource on Using REI Hub as a Property Manager. All revenues and expenses that are attributable to a property should be tagged to the appropriate property and will automatically flow up to the associated owner sub-portfolio.

The Net Income section of the owner statement reports the revenues and expenses from the selected time period. The Owner Funds section includes the starting balance of owner funds (the balance of client funds you are holding), net income for the period (the same total as the first section), total net distributions (your payout to the owner), and the ending balance for owner funds.

The Owner Statement can also be generated on a by-property basis, showing the total revenues, expenses, and owner funds per property for the appropriate owner's sub-portfolio.