📆 Monthly & Annual Rhythm of Business

Our goal is to provide clear, consistent financial reporting so you always understand your property’s performance.
This section outlines our monthly and annual financial rhythm—from your owner draw to your annual tax documents.

1️⃣ Overview

• Security & Pet Deposits:
  All deposits are held in our Security Deposit Trust Account at Enterprise Bank & Trust, St. Louis, MO.
  Funds are released after move-out or lease termination and distributed to the appropriate party based on final accounting.
• Monthly Statements:
  Owner draws are processed between the 7th and 9th of each month.
  You’ll receive your Monthly Owner Statement by email between the 9th and 12th, summarizing:
• All income and expenses
• Net owner draw amount
• Copies of receipts for expense items (we strive for 100% receipt transparency to simplify your tax preparation)
• Annual 1099 Tax Form:
  Issued each January, your 1099 summarizes your annual rental income for your federal tax filing.
• Annual Cash Flow Statement:
  Sent along with your 1099, this year-end report shows your total income, expenses, and net cash flow across all properties.

2️⃣ Monthly Owner Statement

Your Owner Statement provides a simple, transparent record of your monthly property activity—showing cash in, cash out, and running balances.

Transactions Section

• Displays all financial activity within the statement period.
• Includes: Date, Vendor/Name, Transaction Type, Description, Account, Amount, and Running Balance.
• Only cash transactions appear—non-cash journal entries or zero-dollar credits are excluded.
• “Income” and “Expense” are used as column headers but represent cash inflows and outflows for your property.

3️⃣ Unpaid Bills, Cash Summary & Remit Balance

At the bottom of your Owner Statement, you’ll find:

• Unpaid Bills: Outstanding vendor invoices dated within the statement period.
• Property Cash Summary: Shows funds held for reserves or prepayments.
• Remit Balance Due: If your property balance is insufficient to cover unpaid bills or reserves, this field shows the amount you need to contribute.

To add funds, use your Owner Portal → Owner Contribution feature.
👉 How to Transfer Money & Do Owner Contribution

4️⃣ Updating Your Bank Account

If you need to update your bank information for direct deposits, you can do so easily in your Owner Portal.

Steps:

1. Log in to your portal.
2. Navigate to Settings → Bank Account Settings.
   
   
3. Enter your new banking details.
   
4. Check the “I agree to the terms” box and click Save.

Your next monthly draw will be deposited into the updated account.

5️⃣ Annual Summary (January)

Each January, you’ll receive:

• Form 1099 (for income reporting to the IRS)
• Annual Cash Flow Statement (income and expenses by property)

Together, these reports provide everything you need for your tax filing.

💚 Professional. Honest. Kind.
We believe financial clarity builds trust—our systems are designed to keep your reporting accurate, transparent, and stress-free.

If you love our service, give us a shout out here. If you have some feedback to us, use the same link. We are always here to listen and improve our service!