Property Management
In Tennessee, a property manager's annual report to the property owner should include:
AOnly the total rent collected for the year
BIncome, expenses, repairs, tenant status, and a comparison to the management agreement's performance standards✓ Correct
COnly information about major maintenance issues
DA copy of all tenant applications received during the year
Explanation
A comprehensive annual property management report should include a full accounting of income and expenses, maintenance activities, tenant status, and performance relative to the management agreement's goals.
Related Tennessee Property Management Questions
- A Tennessee residential property manager who fails to maintain a trust account separate from operating funds is violating:
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