Investors in Multifamily Properties- What are you looking for in your monthly (or yearly) reporting from your management team?
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[{"id": "f6nw7ej", "text": "Future CapEx expenditures coming up \nLog of most repeated requests for maintenance \nProspective / potential tenants inquiry , if applicable \n\nYoY comparisons should be part of the P&amp;L statement\n\nPTD actuals - PTD budget - Variance % \u2014\u2014- YTD Actual - YTD budget - %Variance", "replies": [], "depth": 1}, {"id": "f6oewcw", "text": "Where the property was to where it\u2019s going, in numbers, on paper. Explain any swings (Or lack thereof) in a narrative format, but let me look at the figures while you talk. \n\nQuarter to quarter numbers can really swing so those differences arent telling the story. Maybe more like where the property was two years ago to trends going two years into the future. \n\nOne important question- when is property most \u201cfinanceable\u201d?  As we roll into year end, your owners needs to be advised on what income tax strategy is best if they want a loan in 2020", "replies": [], "depth": 1}, {"id": "f8abfcx", "text": "Let's just work on a) for right now, shall we?\n\nFor my monthly reports, I like to see a rolling XL spread with, at the very least, all of the following in columns for every month, so I can see the change from the previous month. Think of a trailing P/L statement one would assemble for potential buyers, but in a limited version, as noted below.\n\n1. The total number of rented units\n2. The total number of unrented units (#3 and #4 should equal this number)\n3. The number of units undergoing repair\n4. The number of units being prepared for rental (not the same as #3.)\n5. How many of #3 and #4 will be ready in 30/60/90 days\n6. The number of new renters added in the previous month (identify any concessions to rent)\n7. Update on necessary appliance updates/repairs required for  rented units\n8. Repairs necessary to common area (how many and at what cost)\n9. Any expense with more than a 5% change from the previous month (and why)\n10. Any health/safety/utility inspections that took place during the month and the result\n11. Details of marketing plans for unrented units\n12. Any reported injuries to a renter and/or guest\n13. Contact local businesses and request  door hangers offering a 10% - 15% discount that can be hung on renters doors at night, providing incentive to stay (e.g., pizza, dry cleaning, local grocery stores; a minimum of at least one hanging a week)\n\nThis should give you an idea of what to begin with, but in addition to special requests for additional information from the owners.", "replies": [], "depth": 1}]