This article outlines the process by which landlords receive payment advice and monthly statements regarding their property income. Understanding these documents is essential for effective financial management and transparency in property management.

Whenever a payment is made to the landlord, they will receive a brief payment advice. This document serves as a notification of the financial transactions related to their property. The payment advice includes:

• Money In: This section details the total amount received from tenants or other sources.

• Money Out: This section outlines any deductions or expenses that have been incurred.

• Payment to Owner: This indicates the net amount that has been transferred to the landlord's account.

On the 1st of each month, landlords will automatically receive a comprehensive monthly statement. This statement summarizes all financial movements that occurred during the previous month. Key components of the monthly statement include:

• A detailed summary of all income received.

• A breakdown of any expenses or deductions made during the month.

• A full summary of any float monies, which are funds held for operational purposes.

These documents are crucial for landlords to maintain accurate financial records and to ensure transparency in their property management activities.