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Call: 315.256.9817
Skype: jay-holman
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  Serving owners, tenants and neighborhoods in the greater Syracuse area.

 

The following is an actual 'Owner's Report'. Of course the names and addressees have been disguised. This property consists of one tiny house and one large house on a single lot. We assumed management in January and at that time there was a lot of work to be done to both properties to make them habitable.

This report is for the year to date (10/28/10). We did that so the report would include a lot of transactions. The monthly reports sent to owners are much shorter but in the same format. The monthly owner's reports begin on the 25th of any given month and end on the 24th of the following month. We can provide YTD reports at any time if an owner requests.

The owner has collected 9,950.00 in rents for 300 Ppppp Ave. There have been 3,233.12 in repairs and leaving the owner 6716.88 in positive cash flow.

The owner has collected 4,600.00 in rents for 300½ Ppppp Ave. There were 6,128.99 in repairs and remodeling leaving the owner with a negative cash flow of -1,528.99

In total the owner has realized 5,187.89 positive cash flow for his property and we have disbursed 4,427.89 to him over the course of the year. The owner should therefore get a disbursement of $760.00 in November. The work is completed so the owner can now look forward to 1,260.00 per month in positive cash flow less maintenance if any.

Transaction Summary

Mel & Jay Management, LLC
PO Box 11123
Syracuse NY 13218

Print Date 10/28/2010 Transaction from 1/1/2009 to 12/31/2010

Erik & Amy Wwwwww
3007 Ttttttt Drive
Mxxxx, GA 30111

PropertyTenant

300 Ppppp Ave, Steven & Sandra Ddddd paying $850.00 per Month
Balance owing is $0.00. Paid to 10/31/2010

300½ Ppppp Ave, Michael & Lynne Eeeeee paying $550.00 per Month
Balance owing is $0.00. Paid to 10/31/2010

Transactions

Date Property Details Income Expenses

1/22/2010300 PppppRepairs & Maintenance133.00
Fix doors and replace all locks.
1/22/2010300 PppppMaterials3.65
Purchase key copies
2/1/2010300 PppppMaterials93.87
Purchase locks and materials to fix doors.
2/1/2010300 PppppOwner Advances1,200.00
2/1/2010300 PppppSecurity Deposit850.00
2/4/2010300 PppppRepairs & Maintenance1,200.00
Purchase supplies and repair roof.
2/5/2010300 PppppRent Income850.00
2/5/2010300 PppppPet Deposit250.00
2/6/2010300 PppppTenant Acq. Fee850.00
2/26/2010300 PppppRent Income850.00
3/1/2010300 PppppManagement Fee85.00
3/24/2010300 PppppMiscellaneous Expenses50.00
Purchase CO alarms.
4/1/2010300 PppppRent Income850.00
4/2/2010300 PppppManagement Fee85.00
4/30/2010300 PppppRent Income850.00
5/1/2010300 PppppManagement Fee85.00
6/1/2010300 PppppRent Income850.00
6/2/2010300 PppppRepairs & Maintenance307.60
Replace refrigerator
6/2/2010300 PppppManagement Fee85.00
7/1/2010300 PppppRent Income850.00
7/2/2010300 PppppManagement Fee85.00
8/3/2010300 PppppRent Income850.00
8/4/2010300 PppppManagement Fee85.00
9/1/2010300 PppppRent Income850.00
9/2/2010300 PppppManagement Fee85.00
10/1/2010300 PppppRent Income850.00
Total for 300 Ppppp9,950.003,233.12
6,716.88
12/1/2009300½ Ppppp AveRent Income0.00
1/1/2010300½ Ppppp AveRent Income0.00
2/17/2010300½ Ppppp AveLegal Fees450.00
Eviction of Michael Samolis
3/15/2010300½ Ppppp AveRepairs & Maintenance160.00
Repair furnance.
3/15/2010300½ Ppppp AveOwner Advances500.00
3/16/2010300½ Ppppp AveRepairs & Maintenance250.00
Repair electrical problems, rewire box.
3/20/2010300½ Ppppp AveMaterials59.68
Purchase 6ct nitril, pexsgul.
3/20/2010300½ Ppppp AveMaterials143.52
Purchase 1x8x10 wood, keylock, strikebase, carpet mil, 2 gallons of paint.
3/22/2010300½ Ppppp AveRepairs & Maintenance1,365.00
Prepare property for renting, replace rotted floor, replace hot water heater, install door on utility room, replace floor in kitchen and bathroom, replace windows, replace rug, deep clean. (39 hours)
3/22/2010300½ Ppppp AveRubbish Removal / Tipping60.00
3/22/2010300½ Ppppp AveMaterials9.50
Purchase 1 gold tap down for rug.
3/22/2010300½ Ppppp AveMaterials136.08
Purchase flooring for kitchen and bathroom.
3/22/2010300½ Ppppp AveMaterials117.56
Purchase 2x4 stud, 4x8 sheathing, entry lock, 6x8 vinyl remnant. weathshield.
3/23/2010300½ Ppppp AveMaterials349.14
Purchase hot water heater and accompanying supplies.
3/23/2010300½ Ppppp AveMaterials142.58
Purchase toilet and supplies to install.
3/24/2010300½ Ppppp AveMiscellaneous Expenses50.00
Purchase CO alarms.
3/24/2010300½ Ppppp AveMaterials6.42
Purchase 2" CDS screws.
3/24/2010300½ Ppppp AveMaterials69.51
Purchase brasscraft, wax ring, 1/4 brskit, int 1 gal, trash bags, homer bucket, wall base.
4/15/2010300½ Ppppp AveRent Income550.00
4/15/2010300½ Ppppp AvePet Deposit250.00
4/16/2010300½ Ppppp AveTenant Acq. Fee550.00
5/17/2010300½ Ppppp AveRent Income200.00
5/19/2010300½ Ppppp AveRent Income350.00
5/20/2010300½ Ppppp AveManagement Fee55.00
6/2/2010300½ Ppppp AveRent Income300.00
6/11/2010300½ Ppppp AveRent Income250.00
6/12/2010300½ Ppppp AveManagement Fee55.00
7/2/2010300½ Ppppp AveRent Income550.00
7/3/2010300½ Ppppp AveManagement Fee55.00
8/10/2010300½ Ppppp AveRent Income550.00
8/11/2010300½ Ppppp AveManagement Fee55.00
8/11/2010300½ Ppppp AveRepairs & Maintenance35.00
Receive call outlet not working repair same to keep with code.
9/13/2010300½ Ppppp AveRent Income311.00
9/14/2010300½ Ppppp AveRent Income239.00
9/15/2010300½ Ppppp AveManagement Fee55.00
10/5/2010300½ Ppppp AveRepairs & Maintenance1,900.00
Install new furnance
10/5/2010300½ Ppppp AveRent Income550.00
Total for 300½ Ppppp Ave4,600.006,128.99
-1,528.99
Total for Wwwwww14,550.009,362.11
5,187.89
Disbursements
DateManagement FeesPayment to Owner
5/24/2010Disbursement0.00990.49
6/24/2010Disbursement0.00952.40
7/24/2010Disbursement0.001,260.00
8/24/2010Disbursement0.001,225.00
Disbursement Total0.004,427.89

 

 

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