Reimbursable income is basically the non-rental income that is payable to the property owner after the property manager takes his share. Non-rental income amounts to any earnings made by the property owner/manager other than the rent paid by the tenant. On the other hand, the expense reimbursement process allows property owners to pay back managers who have spent their own money on property-related expenses.
As we go through the report, we see that it is divided into different sections.
1) As reimbursable income is gained by the owner, it falls into the ‘Revenue’ section as ‘Reimbursable Revenue’, and is added to the ‘Rent Received’.
2) Reimbursable expenses count as money being spent by the owner to cover expenses, so it is deducted from the owner report (subtracted from the Total Revenue). It falls under ‘Disbursements’ as a result and is added with ‘Management Fees’ and ‘Taxes.’
For more information regarding owner reports, go to: https://support.mipropertyportal.com/knowledgebase/explanation-of-owner-disbursement-report/
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