Property Management Accounting Statement

Sample Accounting Statement
Vision Realty Property Management Division

Vision Realty is a team of seasoned real estate brokers
with over 160 years of combined real estate experience.

Vision Realty has designed your accounting statement to coincide with the items listed on the
Internal Revenue Services Income Tax Form related to investment properties.
This eases the process for you and/or your accountant at tax time.

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SAMPLE ACCOUNTING STATEMENT
February 28, xxxx


John Doe
123 Property Address
	Income
	Rental Income
	1/8/2009	Tenant Smith	Check #	Jan	$300.00
	2/3/2009	Tenant Smith	Cash Ticket #	Feb	300.00
	Total Rental Income				$600.00

	Late Charge
	1/8/2009	Tenant Smith	Check #	Jan Late	$25.00
	1/15/2009	Vision Realty	Check #	Jan Late	-12.50
	Total Laundry Income				$12.50

	Laundry Income
	1/31/2009	Coin	Cash Ticket #	through 1/31	$20.00
	1/28/2009	Coin	Cash Ticket #	through 2/28	20.00
	Total Laundry Income				$40.00

	Total Income to Date				$652.50

	Expenses
	Property Management Fees Rental Income
	1/15/2009	Vision Realty	Check #	Jan-Rent	$30.00
	2/15/2009	Vision Realty	Check #	Feb-Rent	30.00
	Total Property Management Fees Rental Income				$60.00

	Property Management Fees Laundry Income
	1/31/2009	Vision Realty	Check #	Jan-Laundry	$2.00
	2/15/2009	Vision Realty	Check #	Feb-Laundry	2.00
	Total Property Management Fees Laundry Income				$4.00

	Expenses
	Real Estate Tax Reserve Deducted from Monthly Income Stream
	1/15/2009	Reserve	Check #	Jan	$30.00
	2/15/2009	Reserve	Check #	Feb	30.00
	Total Real Estate Tax Reserve Deducted from Monthly Income Stream				$60.00

	Real Estate Mortgage
	1/6/2009	Check #	Bank Name	Jan	$100.00
	2/6/2009	Check #	Bank Name	Feb	100.00
	Total Real Estate Mortgage				$200.00

	Hazard Insurance Reserve Deducted from Monthly Income Stream
	1/6/2009	Check #	Check #	Jan	$30.00
	2/6/2009	Check #	Check #	Feb	$30.00
	Total Hazard Insurance Reserve Deducted from Monthly Income Stream				$60.00

	Repairs
	1/2/2009	Check #	Plumber	Faucet Leak	$50.00
	Total Repairs				$50.00

	Total Expenses to Date				$434.00

	Available for Distribution to Owner (Income Less Expense)				$218.50

	Proceeds Deposited to Owners Account or Proceeds Mailed to Owner
	1/15/2009	Check Number	Owner Name	Jan	$90.50
	2/15/2009	Check Number	Owner Name	Feb	128.00
	Total Proceeds Delivered to Owner				$218.50

	Reserves
	Vision Realty Required Reserve for Maintenance
	1/1/2009	Trans from 2004	Journal Entry	Reserve from 2004	$100.00
	Total Held in Vision Realty Required Reserve for Maintenance				$100.00

	Real Estate Tax Reserve
	1/15/2009	Reserve	Check #	Jan	$30.00
	2/15/2009	Reserve	Check #	Feb	30.00
	Total Real Estate Tax Reserve				$60.00

	Hazard Insurance Reserve
	1/6/2009	Check #	Check #	Jan	$30.00
	2/6/2009	Check #	Check #	Feb	$30.00
	Total Hazard Insurance Reserve				$60.00

	Balance in Account				$220.00

Your Accounting Statement may look slightly different than the above depending on the services that you have requested.. Should there not be enough monies in your account to make your mortgage payment then we will contact you to send funds for distribution to your lender or the making of a scheduled repair. The accounting software also allows us limited space for typing of descriptions; therefore, you may see abbreviations: Property Management Fee may be abbreviated as "Mgmt Fee". Please remember that if we do not have the funds in your account then we cannot pay a vendor or schedule the repair.

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500 Mena Street, P O Box 192, Mena, AR 71953
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02/23/12 07:55 AM

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