How often are property managers required to send an accounting to the property owner?

Property managers are required to send an accounting to the property owner on a monthly basis. This monthly reporting helps maintain transparency and allows property owners to keep track of their investments, including income and expenses related to the property. Regular monthly accounting provides property owners with timely insights into the performance of their property, enabling them to make informed decisions.

In the context of property management, monthly accountings typically include detailed summaries of rental income received, operating expenses incurred, and any other relevant financial activities. This frequency fosters an ongoing relationship of trust and accountability between property managers and owners, ensuring that both parties are aligned regarding the property's financial status.