Arkansas Real Estate Practice Exam

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What must a property management report to the owner contain at a minimum once each month?

Receipts, disbursements, and a balance
Property maintenance costs
Upcoming property inspections
Tenant complaints and resolutions

The correct answer is: Receipts, disbursements, and a balance

A property management report to the owner should contain three things receipts, disbursements, and a balance. These are the essential financial components that the owner needs to be informed of each month. Option B is incorrect because it only includes one aspect of the report (maintenance costs) and does not address the other financial information. Option C is incorrect because although property inspections may be important, they are not required to be included in the report each month. Similarly, option D may be important for the owner to know about, but it is not a standard requirement for the monthly report.