How to Read Your Owner Statement (and Spot Red Flags)
Must-have lines
Opening/closing balance (cash reconciliation).
Rent/ADR & occupancy (by period).
Itemized pass-through invoices (cleaning, linens, maintenance).
Management fee (fixed or %), taxes, payout date.
Red flags
Vague “maintenance” with round numbers, no invoices.
Cleaning fees that don’t correlate with stays.
Negative balance with no carry-forward note.
Missing meter photos for big utility charges.
Quick audit
Pick one busy month, sample 3 bookings/tenancy receipts, and trace: listing payout → statement → bank. If you can’t trace it in 10 minutes, the system’s messy.
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