Property Financial Management With Full Transparency.

Owners receive detailed monthly financial statements by the 15th of each month, including income and expense summaries, receipts, variance notes, and key performance metrics. Year-end reports are prepared for tax season with detailed financials and 1099s. All reports are also accessible in real time through your owner portal.

Cleared funds from rent collection are typically disbursed to owners within one to two business days. Residents can pay through the online portal via ACH or credit card, and Auto-Pay ensures on-time collection. Detailed invoices are sent at least 10 days before the due date.

Monthly reports include a statement of income and expenses, rent roll, accounts receivable and payable, bank reconciliation, and copies of all vendor invoices and receipts. We include variance notes that explain any significant deviations from budget. Year-end reports add annual summaries, capital expense tracking, and tax-ready documentation.

We coordinate with your accountant to provide detailed year-end financial statements, clarify or reclassify operating expenses as needed, and issue 1099s to owners and vendors. Our records are maintained in an organized, audit-ready format so your tax preparation is straightforward and efficient.

Ora prepares annual operating budgets based on historical expenses, current contracts, anticipated capital needs, and market conditions. For associations, we also develop long-term reserve plans and capital improvement budgets. Budgets are reviewed with the owner or board before adoption and tracked against actual performance throughout the year.