FIRST OWNER’S DRAW
When can I expect my owner draw and statement?
Traditionally, owner draws are posted on the 10th of the month. Funds can take 2 business days to clear from our trust account to your checking account. The statement is also published on the 10th and will include all transactions from the 11th of the previous month to the 10th of the current month.
We also offer a second accounting cycle option called Full Month Accounting. If you have selected Full Month Accounting, the owner draw will be posted on or before the last day of the month and the statement will be posted for the full month from the 1st to the last day of the month.
Full month accounting for rental property makes a lot of sense.
While we are not requiring anyone to switch to end of the month owner draws, we highly recommend it. If you would like to switch, just contact our office and let us know.
We understand property management and property investments. With over thirty years’ experience in property management and more than 300 offices in the United States and Canada, we have become the largest property management franchise in North America.