What type of report is prepared by a property manager to inform owners about financial performance?

The property management report is specifically designed to provide owners with a comprehensive overview of the financial performance of their property. This report typically includes important financial indicators such as income, expenses, and net operating income, allowing owners to assess how well their investment is performing. It serves as a key communication tool that summarizes operational activities, occupancy rates, and financial metrics, ensuring that property owners are kept informed about both the day-to-day management and long-term financial health of their asset.

Other terms like management analysis or financial overview might touch on various aspects of property management, but they don't necessarily encapsulate the full range of financial performance while conveying the detailed financial data that owners require. The term "owner's statement,” while it may sound relevant, is generally more focused on individual transactions or monthly financial summaries rather than providing the comprehensive overview found in a property management report.