Property Management
A Virginia property manager must provide an annual accounting to the property owner. This accounting typically includes:
AOnly a summary of the property's condition
BA detailed statement of all income collected, expenses paid, and funds held for the owner✓ Correct
CA listing of all tenants and their personal information
DA summary of local market rental rates
Explanation
Property managers owe a fiduciary duty to the owner, which includes providing regular (at minimum annual) accountings of all financial transactions: rents collected, expenses paid, and funds held in trust.
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